Every month, more than 20.5 thousand new businesses are established.

The General Statistics Office's socio -economic report for February 2024 shows that in February this year, nearly 8,600 new enterprises were established nationwide, down 36.5% over the previous month and down 2.8% over the same period last year.

In addition, more than 5,300 enterprises returned to operation; 5,146 enterprises registered to temporarily suspend business; 2,153 enterprises stopped operations pending dissolution procedures; 1,506 enterprises completed dissolution procedures.

In the first two months of 2024, the whole country had 41,100 newly registered and resuming businesses, an increase of 8.5% over the same period last year. On average, there were more than 20,500 newly established and resuming businesses per month.

In the first two months of 2024, the whole country had 41,100 newly registered enterprises and returned to operation. (Illustration photo: Government) — In the first two months of 2024, the whole country had 41,100 newly registered enterprises and returned to operation. (Illustration photo: Government )

The number of enterprises withdrawing from the market is 63 thousand, an increase of 22.5% over the same period last year. On average, nearly 31.5 thousand enterprises withdraw from the market per month.

Regarding the import and export situation of goods, in February 2024, the total import and export turnover of goods is estimated at 48.54 billion USD, down 25.8% compared to the previous month and down 1.8% compared to the same period last year.

In the first two months of 2024, the total import and export turnover of goods is estimated at 113.96 billion USD, up 18.6% over the same period last year, of which exports increased by 19.2% and imports increased by 18%.

The trade balance of goods had a trade surplus of 4.72 billion USD (the same period last year had a trade surplus of 3.5 billion USD).

In the first two months of 2024, the US was Vietnam's largest export market with an estimated turnover of 17.4 billion USD. China was Vietnam's largest import market with an estimated turnover of 20.9 billion USD.

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