148,533 new firms established in Vietnam in 2022
A total 148,533 new firms were registered in Vietnam this year, up 27.13% year-on-year, with a total registered capital of VND1,591 trillion ($67.32 billion) and 981,332 employees.
Total registered capital fell 1.26% year-on-year but employment went up 14.91%, according to the Ministry of Planning and Investment.
Sectors with strong growth in terms of newly-established businesses were accommodation and restaurants with a 66.3% year-on-year increase, healthcare and social assistance with 65.5%, arts and entertainment with 65.5%, amid the country’s post-pandemic recovery.
A large number of newly-established businesses in 2022 involve food services. Photo courtesy of Zing magazine.
In the year, 18,609 firms completed their dissolution procedures, 73,801 temporarily suspended activities, and 59,835 resumed business.
In total 208,368 players entered or re-entered the market this year, up 30.3% year-on-year.
In December, 10,769 new companies were registered with a total registered capital of VND107.17 trillion ($4.53 billion) and 72,362 staff. There were 1,761 firms completing dissolution procedures, 3,776 temporarily suspending activities, and 6,104 resuming operation in the month.
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