22,128 new businesses established in Vietnam in Q1 2024, with a 12.4% YoY increase, significant growth in mining, transportation, and other services.

22,128 new businesses were established in Vietnam in the first two months of 2024, a 12.4% increase year-on-year. The combined registered capital of these businesses reached 219 trillion Vietnamese dong (8.88 billion USD), rising 32.8% year-on-year. The number of newly founded businesses increased sharply in the mining industry (up 28.8%), followed by transportation and warehousing (26.5%), and other services (21.5%).

March 11, 2024
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