Building a solid legal foundation for business development

According to data just released by the General Statistics Office (Ministry of Finance), in the first 8 months of 2025, the whole country had 209,200 newly registered and re-operated enterprises, an increase of 24.5% over the same period last year - the strongest increase in the past 3 years.

On average, 26,200 businesses are newly established or resume operations each month. This is clearly a positive signal, showing that the business community’s confidence remains strong. However, to accurately “diagnose” the health of businesses in particular and the economy in general, it is necessary to look at more data.

According to the General Statistics Office, the average registered capital of a newly established enterprise in the first 8 months reached VND9.8 billion, up 9% over the same period in 2024. The total registered capital added to the economy exceeded VND4.1 million billion, up 105.3% over the same period last year. In addition, the industrial production index (IIP) increased by 8.5% over the same period; the processing and manufacturing industry alone grew by double digits, contributing 8.1 percentage points to the overall increase. Notably, IIP increased in all 34 localities.

Foreign direct investment (FDI) continues to maintain positive momentum. In the first 8 months of the year, realized FDI reached 15.4 billion USD, up 8.8% over the same period. Vietnamese enterprises also showed their initiative by investing abroad in 108 new projects, with a total registered capital of more than 426 million USD; plus adjusted capital, the total foreign investment capital reached 556.1 million USD (3.8 times higher than the same period in 2024).

However, difficulties still exist. The speed of production recovery among localities is not uniform: Da Nang decreased by 1.7%, Bac Ninh decreased by 1.2%, while these are both key industrial areas. Industrial production is under pressure from US tariff policies and global geopolitical fluctuations, causing market demand to decline. The number of new orders in August decreased again after increasing in July.

According to the report of Finance Minister Nguyen Van Thang at the August Government meeting, exports are slowing down, with August growth only reaching 11.4% compared to the same period last year and are forecast to continue to be difficult.

In another development, through thousands of opinions and recommendations gathered from local rounds of the Vietnam Private Economic Forum 2025, many issues were reflected. Among them, there are many "bottlenecks" that are not new, such as: difficulties in accessing credit for small, micro and start-up enterprises; difficulties in accessing land and business premises; inconvenience and delays in administrative procedures, shortage of trained human resources...

It is clear that business confidence is still there, and one of the indicators is the number of businesses entering the market and the amount of investment capital put into production and business. But to nurture that enthusiasm, there is still a lot of work to do.

In addition to the traditional solutions of "getting stuck and solving problems" that have been often mentioned for a long time, it is necessary to continue to improve the legal environment more quickly, with bolder policies, strengthening the "support" for businesses to boldly promote the spirit of innovation; boldly invest capital in production, business and sustainable development.

ANH THU

Source: https://www.sggp.org.vn/xay-be-do-phap-ly-vung-chac-cho-doanh-nghiep-phat-trien-post812199.html