While many firms have been shut down during the COVID-19 pandemic, plenty have also been established, aiming to become part of the 'new normal' business environment.
Hanoi (VNS/VNA) - While many firms have been shut down during the COVID-19 pandemic,plenty have also been established, aiming to become part of the 'new normal'business environment.
Nearly 44,200new companies were set up in the first four months of this year. In addition,nearly 19,300 enterprises resumed operations, meaning an average of nearly16,000 firms were set up or restarted operations each month.
Also in thefirst four months, 51,500 enterprises temporarily suspended or stoppedoperating their businesses to await dissolution procedures. On average, nearly12,900 businesses withdrew from the market every month, up 23.3 percent fromthe same period in 2020.
DeputyDirector of the Central Institute for Economic Management(CIEM) Nguyen Hoa Cuong said: "Many enterprises stoppedoperating and dissolved to take a break to wait and see what the new markettrends will be.”
At the sametime, Cuong said the desire to join the market was still positive due tothe total registered capital.
Agreeing withthe view, economist Le Duy Binh said: “The Government's efforts to improvethe business environment in the previous period have brought confidence to thebusiness community in general."
Binh saidwithout the pandemic, the results would have been more apparent.
Binh said thatin April, there were nearly 14,900 newly established businesses, withregistered capital of 179.9 trillion VND (7.75 billion USD) up more than59 percent over the previous months while in the first four months, newenterprises’ registered capital reached nearly 628 trillion VND, up 41 percentover the same period last year./.
The export turnover of wood and wood products hit 4.99 billion USD in the first four months of 2021, a surge of 50.5 percent year-on-year, according to the Ministry of Agriculture and Rural development.
Many container shipping lines have announced further increases in transportation fees starting from late May, causing difficulties for import-export companies.
The US Department of Commerce (DOC) has issued a positive conclusion for Vietnam in the anti-dumping and countervailing duty probes into imported automobile tyres.
With borders closed and travel restricted since early last year, e-commerce has proved itself to be a game changer, setting the scene for Vietnamese exporters to gain broader access to foreign markets.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Illustrative image (Photo: VNA) 
