Apart from promoting business development, Hanoi has implemented a range of credit policies to support production and business activities.

Vietnam saw more than 22,000 newly-established firms in the first two months of this year with total registered capital amounting to 218.71 trillion VND (over 8.87 billion USD), according to the General Statistics Office (GSO).

Nearly 160,000 new enterprises have been established in Vietnam in 2023, up 7.2% year-on-year, according to the Ministry of Planning and Investment’s Business Registration Management Agency.

Vietnam’s index of industrial production (IIP) went up 9% in the first 10 months of this year, the Ministry of Planning and Investment (MPI) reported.

Record rise was seen in the number of newly-established firms and those returning to the market in the first eight months of this year thanks to a surge in August’s figures, according to the Business Registration Agency under the Ministry of Planning and Investment.

Hanoi disbursed some 2.2 trillion VND (96.44 million USD) worth of investment sourced from the State budget in February, equivalent to 66.5 percent of last month’s figure, but an increase of 6.2 percent year-on-year, the municipal Statistics Office reported.

The COVID-19 pandemic has forced up to 7,941 enterprises in the Mekong Delta to suspend their operations or register for dissolution in the first nine months of this year. ​

Business and production have been severely stricken by prolonged lockdowns and social distancing orders triggered by the worst-ever COVID-19 resurgence in the third quarter of 2021, according to the General Statistics Office (GSO).

Nearly 10,100 enterprises were established in January, a 21.9 percent increase over the same time last year, according to the General Statistics Office of Vietnam.

Nearly 16,200 businesses suspended operations in the first two months of this year, up 19.5 percent annually, reported the General Statistics Office.

The number of newly-established firms in the northern province of Vinh Phuc in the first nine months of this year is estimated at 835, an increase of 8 percent from the same period last year.

Whole sale, retail, and vehicle repair service saw the joining of 16,100 new businesses, the highest number in the first four months of this year, up 14 percent year on year and accounting for 37.2 percent of the newly-established firms of the country, according to the General Statistics Office (GSO).

Ho Chi Minh City attracted over 1.55 billion USD in foreign direct investment in the first quarter of this year, up 20.4 percent year-on-year, according to the municipal People’s Committee.

Firms established in the past 11 months of this year registered the employment of 1.1 million workers, which showed a drop of 4.5 percent year-on-year, according to the General Statistics Office (GSO).

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.

As many as 14,510 businesses were formed in April nationwide, representing a rise of 80 percent month-on-month, reported the General Statistics Office.

The central province of Quang Nam is home to nearly 6,000 businesses, including 153 foreign direct investment (FDI) projects with total registered capital of 5.58 billion USD.

The south central coastal province of Binh Thuan always creates the optimal conditions for enterprises and investors to do business and develop sustainably in the locality, said a local official.

The number of newly-established firms and firms resuming operations set a record in 2017 with more than 153,000 companies with total registered capital of 3.16 quadrillion VND (139 billion USD).

Nearly 26,500 enterprises were created in the first quarter of this year with a total registered capital of over 270 trillion VND (11.8 billion USD).