Viet Nam's new businesses registered (number) was 136,757 in 2024, the latest year in the World Bank's World Development Indicators. That is up 140.23% from 56,928 in 2014 (9.16% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 136,757 | 2024 |
| Five years earlier | 111,338 | 2019 |
| Ten years earlier | 56,928 | 2014 |
| Highest | 137,271 | 2023 |
| Lowest | 51,382 | 2012 |
| Average since 2015 | 108,411 | 2015–2024 |
| First recorded | 54,756 | 2011 |
What the numbers say
In 2024, Viet Nam's new businesses registered (number) fell 0.4% on 2023 (from 137,271 to 136,757).
Across the 12 yearly changes before that (2012 to 2023), the average change was +8.8% and a typical year strayed about 13.6% from that (the standard deviation). This year's change was 0.7 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 30% in 2022 and the biggest yearly fall was 15.5% in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 5,929 a year. A straight line explains 78% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Viet Nam had the 12th highest value of the 127 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Viet Nam in the 2024 ranking
- India — 9th of 127: 173,712
- Hong Kong SAR, China — 10th of 127: 145,053
- Saudi Arabia — 11th of 127: 141,067
- Spain — 13th of 127: 118,193
- Italy — 14th of 127: 115,689
- Türkiye — 15th of 127: 115,401
What this measures
New businesses registered are the number of new limited liability corporations (or its equivalent) registered in the calendar year.
Limitations: The definition of entrepreneurship used is limited to the formal sector. Yet, it should be noted that the exclusion of the informal sector is based on the difficulties of quantifying the number of firms that compose it, rather than on its relevance for developing economies. Data collected from economies categorized as offshore financial centers by Eurostat are excluded from the analysis, because registered entities in these countries may not fit the objective of the Entrepreneurship Database aiming at measuring formally registered companies with actual economic activities.
All 14 values
| Year | New businesses registered (number) |
|---|---|
| 2024 | 136,757 |
| 2023 | 137,271 |
| 2022 | 122,487 |
| 2021 | 94,243 |
| 2020 | 111,477 |
| 2019 | 111,338 |
| 2018 | 106,931 |
| 2017 | 102,447 |
| 2016 | 87,346 |
| 2015 | 73,817 |
| 2014 |
New businesses registered (number) in nearby economies
- Australia — 316,561 (2024)
- Brunei Darussalam — 157 (2024)
- Cambodia — 5,138 (2024)
- China — 286,640 (2024)
- Fiji — 1,665 (2024)
- Hong Kong SAR, China — 145,053 (2024)
- Indonesia — 182,200 (2024)
- Japan — 41,946 (2024)
- Kiribati — 2 (2018)
- Korea, Rep. — 128,455 (2023)
- Lao PDR — 7,941 (2024)
More private sector & trade data for Viet Nam
- Merchandise imports (current US$) — US$453.78 billion (2025)
- Merchandise exports (current US$) — US$472.93 billion (2025)
- Merchandise imports from high-income economies (% of total merchandise imports) — 48.05% (2023)
- Merchandise imports by the reporting economy, residual (% of total merchandise imports) — 0% (2023)
- Merchandise imports by the reporting economy (current US$) — US$318.47 billion (2023)
- Merchandise exports to high-income economies (% of total merchandise exports) — 66.93% (2023)
- Merchandise exports by the reporting economy, residual (% of total merchandise exports) — 0% (2023)
- Merchandise exports by the reporting economy (current US$)
Reading data like this
Questions people ask
- What is Viet Nam's new businesses registered (number)?
- 136,757 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2011?
- It is up 149.76% from 54,756 in 2011 (7.29% a year on average, compounded). The highest value was 137,271 in 2023 and the lowest 51,382 in 2012.
- How does Viet Nam rank?
- 12th highest of 127 economies with data for 2024.
- Is the latest change in new businesses registered (number) unusual for Viet Nam?
- In 2024, Viet Nam's new businesses registered (number) fell 0.4% on 2023 (from 137,271 to 136,757). Across the 12 yearly changes before that (2012 to 2023), the average change was +8.8% and a typical year strayed about 13.6% from that (the standard deviation). This year's change was 0.7 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator IC.BUS.NREG, licensed CC BY 4.0. Original source: Entrepreneurship Database, World Bank (WB), uri: https://www.worldbank.org/en/programs/entrepreneurship Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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