Accordingly, the number of freshly established firms is projected to rise by 2% year-on-year, reaching approximately 162,500. Concurrently, around 68,000 others will be back to operation, marking a 16% increase. The statistical agency’s forecast is based on the registrations of businesses in 2023 and the anticipated global and domestic economic outlook in the coming period.

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According to the GSO, the country’s 2024 economic growth continues its positive recovery trend. Supportive policies enacted in 2023 are expected to have a more pronounced impact, with the driving forces of investment, consumption, tourism, and exports envisioned to continue their upward trajectory.

As a result, the number of businesses exiting the market this year is forecast to be higher than 2023, albeit at a significantly slower pace than during the Covid-19 period. According to the Ministry of Planning and Investment’s Business Registration Management Agency, this figure might reach around 178,000, up 3.5% annually.

In order to help businesses overcome challenges, GSO General Director Nguyen Thi Huong suggested the government continue to manage monetary and fiscal policies and other policies to ensure macro-economic stability, support economic growth, and stabilise monetary and foreign exchange markets, and the banking system.

Newly registered FDI surges 54% in 10 months

Over $15.29 billion was channeled into 2,608 new foreign direct investment (FDI) projects as of October 20, respectively up 54% and 66.1% year on year, statistics showed.

Bac Giang leads nationwide in newly registered FDI capital

BAC GIANG - Since early this year, Bac Giang province has attracted more than 2.14 billion USD investment capital, nearly doubling the figure year on year, reported the Department of Planning and Investment.

More than 1,600 businesses newly established in Bac Giang

BAC GIANG – In the first nine months of this year, Bac Giang province had more than 1,600 newly established businesses, up 41 percent year on year, reported the provincial Department of Planning and Investment.

Nearly 1,490 businesses newly established in Bac Giang

BAC GIANG – Bac  Giang province has had nearly 1,490 newly established companies for 8 months of this year, up 30 percent year on year, with total registered capital of over 20 trillion billion VND (about 852 million USD), reported the Department of Planning and Investment.

Newly registered businesses peak in April

The number of new businesses set a record high in April at 15,967, according to the General Statistics Office of Vietnam.

Newly released Netflix film to promote Vietnam’s beauty to international viewers

Images of an impressive and enchanting Vietnam will be introduced to audiences of 190 countries and territories worldwide through the film ‘A Tourist’s Guide to Love’, which will be streamed on Netflix on April 21.

Source: NDO