Newly established enterprises skyrocket: Deputy Minister of Finance points out 4 reasons

At the regular Government Press Conference in April 2025, Deputy Minister of Finance Tran Quoc Phuong said: "Through the data, it can be affirmed that the situation of new business registration as well as businesses returning to operation in the first months of 2025 is very positive."

Specifically, in the first quarter of 2025, there were 36,400 enterprises. Compared to 2024, it was equivalent. However, compared to the previous period (2017 - 2023), it increased by about 1.2 times. In particular, the registered capital of newly established enterprises also increased, up about 1.5% compared to the same period in 2024.

Explaining this impressive growth, Deputy Minister Tran Quoc Phuong pointed out four main factors:

Firstly, businesses have better confidence in Vietnam's production and business environment as well as the economic growth prospects of our economy. In addition, the economy is increasingly consolidated and improved, reflected in the results, especially through the direction and administration of the Government and the Prime Minister.

This belief is also influenced and affected by many ongoing processes in the economy such as: The process of perfecting the legal system in 2024 and the first months of 2025, and the upcoming 9th Session of the National Assembly .

"This shows that institutional innovation has created great confidence in the business community in openness to removing difficulties and obstacles in legal regulations to promote production and business," said Deputy Minister Tran Quoc Phuong.

According to the Deputy Minister, the second factor is the trust of enterprises in the leadership and management decisions of the Party, the State, the Government, and the Prime Minister in removing difficulties and obstacles of currently stuck projects. This is very important because the projects are waiting for specific solutions to remove them and continue operations. New investors and large projects are having faith in the State's policies and the efforts of the Government and the Prime Minister.

Third is the growth prospects of the economy through the policies of the Party and the State such as the determination to achieve 8% economic growth in 2025 and the orientation for double-digit growth in the coming years.

The Deputy Minister commented that this is a great determination of the Party and the State. Along with that is a series of solutions and policies that can further strengthen the confidence of businesses and investors.

Fourth, a very important factor is that recently, the Politburo issued Resolution No. 68-NQ/TW on promoting the development of the private economy. This Resolution is very important. We clearly see the Party's major policy in developing the private economy, attaching importance to the role of the private economy in the economy.

From the above factors, the Deputy Minister of Finance affirmed: “Businesses are increasingly confident in our economy, leading to an explosion in new business registrations and businesses returning to operation in the first months of 2025.”

Thanh Ha

Source: https://baophapluat.vn/doanh-nghiep-thanh-lap-moi-tang-vot-thu-truong-bo-tai-chinh-chi-ro-4-nguyen-nhan-post547597.html