Over 64,500 new enterprises set up in first half of 2018

As many as 64,531 new enterprises have been set up in the first half of 2018 with a total registered capital of 649 trillion VND (28.6 billion USD), up 5.3 percent and 8.9 percent from the same period last year, respectively.
  • 40% FDI enterprises choose commercial arbitration in cases of dispute
  • New ransomware GandCrab attacks Vietnamese enterprises
Over 64,500 new enterprises set up in first half of 2018. (Photo: VNA)

Over 64,500 new enterprises set up in first half of 2018. (Photo: VNA)

The capital registered by a new firm averaged 10.1 billion VND (444,000 USD), up 3.4 percent year on year, according to the General Statistics Office (GSO).

Over 1,192 trillion VND have been added into the registered capital of operational businesses in the first six months, bringing the total capital pumped into the economy to more than 1,841 trillion VND (81.1 billion USD).

However, the number of employees registered to work for these new businesses fell by 19 percent year on year to about 508,000.

In the reviewed period, 16,449 companies resumed operations, up 7 percent from the period last year.

The GSO also reported that 52,803 firms have temporarily suspended operations during the period, up 39 percent year-on-year.

The rises in the number of newly-established firms and registered capital continued to remain high in the first half of the year throughout 2014 – 2018, said GSO General Director Nguyen Bich Lam. 

It demonstrates that investors are likely to have gain more confidence in the domestic business climate thanks to the government’s efforts to improve the legal framework on business and investment and remove barriers for enterprises, he added.

Most of new companies are operating in sectors such as wholesale and retail; car and motorcycle repair and maintenance services; construction; and manufacturing and processing.

The southeast region continued leading the country in the number of newly-established enterprises and registered capital, with 27,279 companies and 292.5 trillion VND, accounting for 42.3 percent and 45.1 percent of the total.

VNA

Other News

A view of a container port in Singapore. (File photo: Xinhua/VNA)

Vietnam-Singapore trade cooperation gains fresh momentum

Analysts noted that Vietnam-Singapore ties are increasingly moving beyond traditional goods trade towards green growth, innovation and high-quality supply chains, laying a stronger foundation for more substantive and sustainable cooperation in the years ahead.

Vietnamese products make strong impression at Foodservice Australia 2026

Vietnamese products make strong impression at Foodservice Australia 2026

International visitors expressed positive impressions of Vietnamese products displayed at the fair. Nelma Sanjines, senior supervisor at ESP Catering in Sydney, praised the flavour of Vietnamese chilli sauce and soy sauce as well as the attractive packaging of confectionery products.

Digital technology helps standardise supply chains, sustain export competitiveness

Digital technology helps standardise supply chains, sustain export competitiveness

Experts noted that supply chain optimisation and risk management are no longer isolated tasks for individual companies but a requirement for the entire export ecosystem. With guidance from regulators, support from industry experts and their own efforts, Vietnamese exporters are expected to enhance their competitiveness and turn technical barriers and market volatility into opportunities for sustainable growth in global markets.

Vietnam seen as attractive investment destination for 2026–2035

Vietnam seen as attractive investment destination for 2026–2035

The article described Vietnam as strategically positioned along major regional maritime routes, including the East – West corridor linking the Americas, the Middle East, India and Europe, and the North – South corridor connecting China and Southeast Asia, helping make the country a gateway for international trade.

Eco-industrial parks seen as catalyst for higher-quality FDI

Eco-industrial parks seen as catalyst for higher-quality FDI

The eco-industrial park model will help Vietnam meet international environmental standards while creating opportunities to improve growth quality and economic competitiveness. Many multinational corporations now view green standards, emissions reduction and energy efficiency as key conditions when selecting investment destinations.

Promoting Vietnamese Brands at an International Food Fair in Gwangju

Promoting Vietnamese Brands at an International Food Fair in Gwangju

Alongside exhibition activities, trade promotion, and business networking programs, the “Gwangju Global Food Fair 2026” also witnessed the signing ceremony of a Memorandum of Understanding (MOU) between the Vietnam–Korea Businessmen & Investment Association (VKBIA) and the Gwangju Tourism Organization of South Korea.

Hanoi proposes subsidies to accelerate shift to electric vehicles

Hanoi proposes subsidies to accelerate shift to electric vehicles

Under a draft resolution currently open for public feedback by the municipal People’s Committee, residents with permanent or temporary residence registration in Hanoi for at least two consecutive years, who own petrol-powered motorbikes registered before the resolution takes effect, will be eligible for support when purchasing electric motorbikes priced at 10 million VND or more.

Private economic sector poised for breakthrough growth

Private economic sector poised for breakthrough growth

More than a year after the Politburo's Resolution No. 68-NQ/TW on private sector development came into effect, expectations now extend beyond increasing the number of enterprises. The goal is to build a stronger business community with greater resilience, larger ambitions and the capacity to compete in global supply chains.

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam is expected to remain one of ASEAN’s fastest-growing economies in 2026, supported by resilient exports, strong investment inflows and an ambitious reform agenda, despite mounting global uncertainties, according to the World Bank’s latest Vietnam Economic Update released on May 15.

Ministry establishes monitoring framework for carbon market

Ministry establishes monitoring framework for carbon market

Under a new circular, the exchange of greenhouse gas emission quotas and carbon credits is conducted on the domestic carbon credit exchange through the carbon trading system, which is interconnected with the national registration system.