Vietnam's economy exceeded its growth target.

According to the Vietnam Chamber of Commerce and Industry (VCCI), Vietnam's economy exceeded its growth target in the first half of this year; the number of newly registered businesses and those resuming operations saw positive growth again after a decline in 2023.

VCCI A thematic report on the business development situation in the first six months of this year has just been released.

In the first half of this year, Vietnam economy Growth exceeded targets. Positive growth in the global and domestic economies stimulated business development, resulting in a significant increase in the number of registered businesses. newly established and returned to positive growth after the decline in 2023. The number of businesses temporarily suspending operations while awaiting dissolution procedures decreased.

Vietnam's economy is growing well (photo: VNA).

The manufacturing PMI improved. Business activity in the manufacturing and processing industries was strong. build The situation was more favorable, especially in the second quarter, and this positive trend is projected to continue in the coming period.

However, according to VCCI, the business development situation also presents many problems. The number of businesses withdrawing from the market continues to increase faster than the number of businesses entering. In fact, in some regions and economic sectors, the number of businesses entering is even less than the number of businesses withdrawing.

The rate of businesses exiting the market (10.29%) is faster than the rate of entry (5.34%).

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"This is not a very positive sign, partly reflecting the reality that businesses continue to face many difficulties in production and business. The average registered capital of newly established businesses has decreased for the third consecutive year, reaching only 9.25 billion VND per business."

The scale of newly established businesses continues to shrink, in terms of capital. Amidst the current international uncertainty, the gold market has become vibrant in the early months of the year, leading to... funding "Businesses are less proactive compared to previous years," VCCI noted.

Number of businesses entering and exiting the market in the first six months of the 2015-2024 period.

Despite recording a modest increase compared to the same period in 2015-2024, the number of businesses resuming operations in the first six months of the year returned to positive growth of 3.86%, with 39,130 businesses.

Meanwhile, the amount businesses The number of businesses temporarily suspending operations continued to increase rapidly (18.59% year-on-year), reaching 71,356. However, businesses choosing to temporarily suspend operations still have plans to resume activities.

Notably, VCCI points out that the number of businesses completing dissolution procedures is showing signs of accelerating, with nearly 10,200 businesses in the first six months (a 15.42% increase compared to 2023). This is also the year with the highest number of business dissolutions in the 2015-2024 period.

A number of stores have ceased operations and returned their premises.

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A recent survey of 30,000 businesses by the Ministry of Planning and Investment revealed that the majority of businesses are facing difficulties in both input and output, especially in the output market. Nearly half of them... construction company Those interviewed said they were facing difficulties due to a lack of new construction contracts.

Meanwhile, input factors for production and business such as raw material and fuel prices, and capital costs remain high. The biggest desire of businesses is to reduce lending interest rates, with 47% of businesses requesting this, while 29% of businesses suggest further reductions in loan conditions and procedures.

Businesses also suggested that the government should implement policies to stabilize the prices of raw materials, fuels, and input services; and adjust tax and fee policies and other budget contributions…

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