At the Ministry of Finance's regular press conference on 2/7, Trinh Thi Huong, deputy director of the Department of Private Enterprise and Collective Economy Development, reported positive trends in business registration and activity nearly two months after the implementation of Resolution 68.

Over 24,000 new businesses were established in June, the highest number ever recorded. This figure is 1.5 times higher than the previous average of 15,000-16,000. Compared to the period from 2021 to 2024, the number of new businesses established in June has doubled.

"In the first six months of the year, over 91,000 new businesses were established nationwide, reflecting a strong wave of startups," Huong said.

Trinh Thi Huong, deputy director of the Department of Private Enterprise and Collective Economy Development, speaks at a press conference on 2/7. Photo: MOF

Trinh Thi Huong, deputy director of the Department of Private Enterprise and Collective Economy Development, speaks at a press conference on 2/7. Photo: MOF

In addition, over 14,000 businesses resumed operations in June, a 91% increase compared to the same period last year. In the first six months, over 61,000 businesses nationwide resumed operations, a year-on-year increase of more than 57%.

According to Huong, for the first time, the total number of businesses entering and re-entering the market in a month exceeded the number of withdrawals by over 1.2 times. Another positive sign is that supplemental capital for operating businesses increased by over 170% compared to the same period in 2024.

Along with businesses, the number of newly registered household businesses in June also increased by over 118% compared to the same period last year and 60% compared to the previous month. This figure is 24 times the average monthly growth rate of the past two years.

The Ministry of Finance representative stated that these figures reflect growing confidence among the business community in the prospects for economic recovery and development. This also demonstrates that policies encouraging private sector development have begun to take effect, contributing to socio-economic progress.

With over 940,000 businesses and more than 5 million household businesses, the private sector contributes approximately 50% of GDP, over 30% of the State budget revenue, and employs 82% of the total workforce.

Resolution 68, issued by the Politburo last month, affirms the private sector as a crucial driver of the economy and a leading force in scientific, technological development, and innovation. The resolution sets a target of 2 million businesses in Vietnam by 2030, including at least 20 large private enterprises participating in global value chains. The private sector is projected to contribute 55-58% of GDP and account for about 84-85% of the total workforce.

Phuong Dung