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Number of Vietnam’s new businesses hit all-time high in April

Vietnam saw the number of newly established businesses hit an all-time high of around 15,000 last month, sending the total number to nearly 50,000 since January of this year. According to the country’s General Statistics Office (GSO), the 15,000 newly opened firms in April had a total registered capital of about USD7.1bn. The number of re-opened firms was 7,034, up 22.4% year-on-year. Meanwhile, 5,391 firms temporarily ceased operation, 3,762 were in the dissolution process, and 1,227 completed dissolution procedures. According to the European Chamber of Commerce (EuroCham) report, the Business Climate Index in Vietnam has reached its peak at 73 points since the fourth wave of the pandemic hit the country last April.

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