Thriving Businesses Show 23% Growth Over Seven Months of Their Resumption
In the first seven months of 2025, Vietnam's economy showed signs of robustness and dynamism. A total of 174,000 businesses were either newly established or resumed operations, marking a 22.9% increase year-on-year. This growth indicates the vigour of new enterprises and the expansion drive among existing ones.
However, the landscape was not without its challenges. In the same period, 144,400 enterprises suspended operations, awaited dissolution, or closed permanently, averaging 20,600 firms a month. Of these, 88,600 did so temporarily, representing a 13.6% increase. Additionally, 41,500 enterprises awaited dissolution, a 16.7% rise, and 14,300 completed dissolution, a 20.5% increase.
The services sector was the main growth engine, accounting for 83,200 new enterprises, up 13.1% year-on-year. The wholesale and retail trade sector recorded a 16.8% increase, while the manufacturing sector saw a 19.6% rise. However, the construction sector experienced a 16.8% decrease in new businesses.
The growth in new businesses brought additional capital into the economy, with an increase of 93.7% compared to the same period last year, exceeding VND3.3 trillion ($127 million).
Interestingly, the number of new businesses in July decreased by 32.3% compared to June, and registered capital in July decreased by 33.6% compared to the same month last year. The average start-up capital in July was VNĐ7.1 billion, a 15.6% decrease year-on-year.
Amidst these economic shifts, consumer trust and support for businesses demonstrating responsibility towards the community and environment are on the rise. Factors influencing this trend include growing eco-consciousness among consumers, institutional trust building, government support and policy incentives, modern retail developments, and efficient operating costs.
In 2025, Vietnam's government policies focus on creating predictable, rules-based systems that enhance long-term investor and consumer confidence. This includes reforms aligned with global standards like OECD’s BEPS 2.0 framework. The Ministry of Finance has also urged actions to improve access to land and resources, streamline procedures, and strengthen support for SMEs and household businesses.
As Vietnam's economy continues to evolve, it is clear that consumer trust in responsible businesses hinges on demonstrated environmental care, transparent governance, supportive government reforms, and alignment with evolving consumer values driven by younger demographics.
- The increase in new businesses and resumed operations in Vietnam's economy in 2025, despite the closure of some established businesses, is indicative of the vigor of entrepreneurship and expansion among existing ones.
- The decline in the number of new businesses and registered capital in July compared to the previous months could suggest a cyclical trend in small-business creation.
- The growth in the services sector, wholesale and retail trade sector, and manufacturing sector, along with the increase in new capital, demonstrate the dynamism of Vietnam's business environment in 2025.
- Amidst these economic changes, there is a rising trend of consumer trust and support for businesses that demonstrate responsibility towards the community and environment, influenced by factors such as eco-consciousness, institutional trust, government support, modern retail developments, and efficient operating costs.
- In line with this trend, Vietnam's government policies in 2025 are focused on creating a predictable, rules-based system, improving access to land and resources, streamlining procedures, and strengthening support for small-medium enterprises (SMEs) and household businesses, in an effort to enhance long-term investor and consumer confidence.
