According to the socio-economic report released by the National Statistics Office under the Ministry of Finance on November 3, nearly 12,600 new enterprises were established nationwide in October, with total registered capital reaching VND254.8 trillion ($9.9 billion) and creating jobs for nearly 66,300 workers. Compared to September, the number of businesses grew by 8.3 percent and capital surged by 45.0 percent.
Notably, although the number of businesses decreased by 29.9 percent year-on-year, registered capital jumped by 47.7 percent, pushing average capital per new enterprise to VND20.2 billion ($785,000), up 33.3 percent monthly and more than 2.1 times higher annually. Additionally, nearly 11,100 enterprises resumed operations, up 27.4 percent from September.
For the first ten months of 2026, the country recorded nearly 162,300 newly established enterprises, down a slight 0.4 percent year-on-year, with total labor dropping 17.4 percent to 799,400 workers.
However, total registered capital reached VND2,138.8 trillion ($83 billion), an increase of 34.3 percent, bringing average capital per enterprise to VND13.2 billion ($513,000). Including nearly VND5.8 quadrillion ($225.4 billion) in additional capital injected by operating enterprises (up 11.6 percent) and nearly 81,400 re-operating firms, total market entrants and re-entrants exceeded 243,600 businesses.
Sectorally, expansion was concentrated in production, construction, and agriculture. The agriculture, forestry, and fishery sector saw 1,697 new registrations, up 10.6 percent, while industry and construction reached nearly 40,000 enterprises, up 9.1 percent.
Conversely, the services sector contracted by 3.4 percent to nearly 120,600 businesses. Wholesale, retail, and automobile repair led in total new registrations with 64,453 firms despite a 6.8 percent decline.
Breakthrough growth was led by electricity, water, and gas production and distribution, up 46.8 percent; construction, up 26.1 percent; transportation and warehousing, up 20.5 percent; and real estate, up 5.4 percent.
Meanwhile, market filtering remained active. Nearly 92,000 businesses registered for temporary suspension, down 12.7 percent year-on-year, while those awaiting dissolution procedures fell 42.3 percent to over 33,700.
However, enterprises completing dissolution procedures surged 109.8 percent to nearly 56,300, led by sharp increases in wholesale and retail (up 120.1 percent), transportation and warehousing (up 119.9 percent), and construction (up 113.7 percent).
Google translate