The number of newly established businesses in January 2024 increased by 24.8% compared to the same period in 2023.
According to records from the Department of Business Registration Management (Ministry of Planning and Investment), there were 13,536 newly established enterprises in January 2024, marking a 24.8% rise over the corresponding period in 2023. Notably, this January also witnessed the highest number of businesses entering the market in the 2018-2024 period.
Additionally, the Department of Business Registration Management reported that the total number of businesses entering and re-entering the market in January 2024 reached 27,335, reflecting a 5.5% increase from the same period in 2023.
In terms of registered capital, the economy saw an addition of 370,101 billion VND in January 2024, showing a 2.1% decline from January 2023. The registered capital of newly established enterprises alone amounted to 51,451 billion VND, signifying a substantial increase of 52.8% from the corresponding period in 2023.
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For operating enterprises, 4,380 were registered to increase capital in January 2024, indicating a 3.5% decrease compared to January 2023. Despite the decline in numbers, the additional registered capital of operating enterprises reached 218,650 billion VND, representing a 6% decrease from the same period in 2023. The average registered capital per enterprise in January 2024 reached 11.2 billion VND, marking a notable increase of 22.4% over the same period in 2023.
Concerning businesses returning to operation, the Department of Business Registration Management reported 13,799 businesses re-entering the market in January 2024. Notably, the real estate sector saw the highest increase in the number of returning businesses (29.3%), followed by information and communications (11.6%), and processing and manufacturing industries (6.9%)…
On the contrary, the entire country recorded 53,888 businesses withdrawing from the market in January 2024, indicating a 22.8% increase from the same period in 2023. The majority of these businesses chose short-term business suspension, accounting for 81.5%.
Specifically, 43,925 businesses temporarily suspended operations, marking a 25.5% increase from January 2023. The majority of these businesses had a short operating time, less than 5 years, accounting for 44.6%. They were predominantly small-scale enterprises (under 10 billion VND) with 39,625 businesses, representing 90.2% and reflecting a 25.2% increase from the same period in 2023.
The number of businesses waiting for dissolution procedures stood at 7,798 enterprises, showing a 14% increase from January 2023. Enterprises waiting for dissolution procedures were mainly concentrated in the capital range of less than 10 billion VND, with 6,941 enterprises accounting for 89%, and experiencing a 14.9% increase from the same period in 2023.
The number of dissolved enterprises reached 2,165, indicating a 6.2% increase from January 2023. Among these, 10 out of 17 main business sectors experienced an increase in the number of dissolved enterprises compared to the same period in 2023. The majority of enterprises dissolved in January 2024 had a short operating time (less than 5 years), with 1,587 enterprises accounting for 73.3%, and mainly focused on a capital scale of less than 10 billion VND, with 1,879 enterprises representing 86.8% and experiencing a 6.7% increase from the same period in 2023.