Mr. Do Thien Anh Tuan - Fulbright School of Public Policy and Management - Photo: AH
The trend of starting a business is going strong.
At the seminar "Press and businesses: Accompanying to promote private economic development" organized by Business Forum magazine on July 4 in Ho Chi Minh City, Mr. Do Thien Anh Tuan - Fulbright School of Public Policy and Management - commented that the private economy is showing positive signs from the wave of startups and business start-ups, but the pressure is still great.
According to the Department of Private Enterprise and Collective Economy Development ( Ministry of Finance ), June 2025 recorded 24,422 newly established enterprises, a record high, more than twice the average for the period 2021 - 2024.
In the first 6 months of the year, the country had 91,186 new enterprises, reflecting the strong trend of starting a business nationwide. Along with that, 14,390 enterprises returned to operation in June, an increase of 91% over the same period.
"For the first time, the total number of enterprises entering and re-entering the market exceeded the number of enterprises withdrawing, showing that the business environment is gradually improving and the confidence of the business community is clearly being restored, especially after Resolution 68 came into practice.
Notably, the household business sector also recorded a breakthrough with an increase of 118.4% over the same period and 2.4 times higher than the average since July 2023. This shows that not only businesses but also people are proactively seizing opportunities, affirming that the spirit of entrepreneurship is spreading strongly throughout society," said Mr. Do Thien Anh Tuan.
However, in addition to positive signs of recovery, the business picture also shows many challenges. In the first 5 months of 2025 alone, more than 113,000 businesses withdrew from the market, including temporarily suspending operations, dissolving or waiting to dissolve, exceeding the number of newly established businesses.
At the same time, the average capital and labor size of new enterprises continued to decline, showing that the small, micro and semi-small business models are becoming more and more popular. These figures not only reflect short-term difficulties but also clearly reveal the defensive mentality of the private sector in the context of unstable recovery in demand, increasing input costs and many barriers in the legal environment.
Besides, the delay in policy implementation makes it difficult for many businesses to plan long-term strategies, forcing them to prioritize survival instead of expansion and development.
According to Mr. Tuan, the fact that tens of thousands of businesses are leaving the market is not only a loss in quantity but also raises concerns about the economy's competitiveness, capital accumulation efficiency and job creation ability.
"Given this reality, restoring the confidence of the private business community needs to be identified as a top priority in policy management. This requires substantive reforms, from removing legal barriers, simplifying administrative procedures, ensuring consistency in messaging and discipline in policy implementation.
A transparent, stable and predictable business environment is a prerequisite for businesses to feel secure in investing and developing," said Mr. Tuan.
Removing capital bottlenecks for private enterprises
The average capital and labor size of a newly established enterprise is getting smaller and smaller.
Vice President of the Vietnam Federation of Commerce and Industry (VCCI) Vo Tan Thanh said that the reality after nearly 40 years of renovation has proven the key role of the private economy, as this sector currently contributes about 50% of GDP and creates the majority of jobs for society. The estimated GDP growth rate of 7.3% in the first 6 months of 2025 is an impressive figure, reflecting the strong confidence of the business community and investors in the country's development orientations.
However, the VCCI vice president also frankly acknowledged the inherent limitations. Most private enterprises are still small and medium-sized, with weak technological capacity, management and human resource quality. This leads to a rather modest competitiveness and ability to enter the global value chain.
Mr. Nguyen Hoang Anh - Chairman of the Board of Directors of Nam Mien Trung Group Joint Stock Company - proposed to remove capital bottlenecks for private enterprises.
"The government needs to establish a capital mechanism, a limited capital source, with appropriate value and industry growth to meet each level of business. In particular, each industry is designed with appropriate standards, creating favorable conditions for industry businesses to access loans," he recommended.
Source: https://tuoitre.vn/kinh-te-tu-nhan-dang-co-tin-hieu-tich-cuc-tu-lan-song-khoi-su-kinh-doanh-20250704201304048.htm
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