Viet Nam Reports Record Business Registration Growth in First Eight Months

New business registration reached a record high of more than 103,000 firms in the first eight months of 2023, according to the Ministry of Planning and Investment (MoPI).

The above figure includes more than 14,000 firms established in August, representing a year-on-year increase of 17.9 percent and a month-on-month growth of 14.05 percent.

Also in August, the number of businesses resumed operation saw a year-on-year decline of 3.1 percent and a month-on-month decrease of 10.9 percent. 

In the January-August period, 11,787 enterprises were dissolved, posting a year-on-year decline of 4.2 percent.

Source: VGP