For the first time in a single year, Hue city in central Vietnam has seen more than 1,000 new businesses established in 2025, with a total registered capital of over VND12.8 trillion (nearly $490,000), representing a 32% increase in the number of businesses and a staggering 235% surge in capital compared to the previous year, according to the city's Business Association.
This milestone serves as a vital catalyst for economic growth and the expansion of production and business operations across the region.
This is the first time the number of newly established businesses in the central city has surpassed the 1,000-mark, reflecting the business community's growing confidence in the city’s investment and business environment. To date, there are approximately 6,700 active enterprises operating throughout the city.
In addition to the rise in the number of businesses, key economic indicators continue to show positive results. Hue City has maintained its position in the national Top 10 for provincial competitiveness index for four consecutive years. In 2025, 13 out of 14 major targets were met or exceeded, highlighting the effectiveness of local governance, administrative reforms, and business support initiatives.
The city's 2025 Gross Regional Domestic Product (GRDP) growth reached 8.5%, ranking 12th out of 34 provinces and centrally-run cities nationwide and 2nd among the five localities in the North Central region.
Throughout 2025, Hue City granted licenses to 44 new projects and approved adjustments for 23 existing projects, with a total registered capital of nearly VND32 trillion. This includes 10 foreign direct investment (FDI) projects with a registered capital of $36.3 million.
According to Mr. Tran Huu Thuy Giang, Vice Chairman of the Hue City People’s Committee, the city is encouraging the rapid development of medium-sized enterprises while gradually fostering large-scale businesses to take a leading role. The city also aims to support businesses in brand building to establish prestige in both domestic and international markets, while promoting investment in sectors and regions that hold unique potential and competitive advantages.
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