Business confidence improves as new business numbers rise at three-year high

The number of newly registered and re-established enterprises in October increased sharply, bringing the total number of enterprises entering the market in 10 months to over 255 thousand units - the highest level in three years. Securities companies assessed that this development reflected an improvement in the business environment in the context of recovering production and export.

Nearly 256 thousand new businesses registered

According to Bao Viet Securities Company (BVSC), in the first 10 months, more than 255,900 enterprises entered the market, including newly established enterprises and enterprises returning to operation, up 26.5% over the same period. This is the strongest increase in the past three years and 1.3 times higher than the number of enterprises withdrawing from the market.

Exhibition activities are opportunities for businesses to expand market share and business partners.

At MB Securities (MBS), the analysis team said that many sectors such as trade, services and manufacturing have clearly recovered. MBS experts explained that improved domestic demand, along with export recovery in the third quarter and early fourth quarter, has created conditions for many businesses to return to the market after the difficult period of last year.

The latest update from Thien Viet Securities Company (TVS) also shows that the PMI index in October reached 54.5 points, the highest level since July 2024. TVS said that the stable expansion of production activities, along with the 10.8% increase in the IIP index compared to the same period, is strengthening the confidence of business entities. This contributes to boosting the number of newly established enterprises in the month.

Meanwhile, Dragon Viet Securities Company (VDSC) recorded a decrease in the number of businesses temporarily suspending operations, while the number of businesses returning to the market increased significantly. VDSC's analysis team commented that this development shows the better adaptability of businesses, in the context of the world economy still having many fluctuations.

In addition to the recovery from production activities, the interest rate factor also plays an important role. HSC Securities Company (HSC) said that the operating interest rate level remains low, creating favorable conditions for businesses to access capital. At the same time, VietinBank Securities Company (VBSE) recorded that credit in the first 10 months increased by 15% compared to the end of 2024, helping the capital flow to serve production and business more smoothly.

In terms of legal aspects, Mirae Asset Securities Company (MAS) assessed that the promulgation of many laws in the 2021 - 2025 period, including 88 laws and hundreds of decrees, has created a more transparent legal environment, contributing to promoting the establishment of new businesses in 2025.

The above records show that the increase in businesses entering the market in October reflects a significant improvement in the business environment, especially when the economic drivers began to improve more clearly from the third quarter.

Year-end recovery momentum

According to BVSC, although the number of new businesses increased sharply in the first 10 months of the year, taking place in the context of October consumption being heavily affected by natural disasters, exports, industrial production and tourism still maintained their growth momentum, helping to support business confidence. BVSC assessed that this is an important foundation for the business sector to recover in the fourth quarter.

Export activities and industrial production continue to grow, helping to support business confidence.

Meanwhile, the MBS analysis team noted that Vietnam's exports to the US in October increased by 27% compared to the same period last year, while exports to Asia and Europe both improved. According to MBS, the recovery in orders has created more motivation for businesses to expand production, especially in the electronics, textile and machinery industries.

VBSE’s assessment also emphasized the role of the FDI sector, which accounts for more than 75% of total export turnover. Notably, the continued increase in order flows has helped spread to domestic enterprises, creating conditions for new enterprises to enter the supporting and component manufacturing industries.

Meanwhile, tourism data continues to be a bright spot with 1.73 million international arrivals in October, up more than 22% year-on-year. TVS's research team believes that the recovery of tourism has helped many service, accommodation and transportation businesses return to the market after a long period of difficulty.

Regarding the medium-term outlook, Mirae Asset believes that the period 2026 - 2030 will be a period of accelerating administrative reform, digital transformation and international market expansion. These changes will create momentum for the investment environment, helping businesses' recovery momentum to be more sustainable in the coming years.

In terms of macroeconomic stability, VBSE recorded that the CPI in October increased by only 3.25% compared to the same period last year, within the control range, thereby creating conditions for monetary policy to continue supporting growth. The analysis group believes that the stable inflation rate contributes to enhancing businesses' confidence in planning production and business.

However, assessments from MBS and TVS note that the rising trend of raw material prices and the lack of a strong recovery in global demand could affect the prospects of new businesses in the coming months. However, in the overall context, the strongest growth trend in three years of newly established businesses is considered a clear signal, showing that the economy is regaining its momentum after a period of stagnation in 2023 - 2024.

Source: https://baotintuc.vn/doanh-nghiep-doanh-nhan/niem-tin-kinh-doanh-cai-thien-khi-so-doanh-nghiep-moi-tang-manh-nhat-ba-nam-20251120133623463.htm