Why do businesses enter and re-enter the market?

In addition to the support and encouragement from the central government's fiscal and credit policies, socio-economic development, especially accelerating public investment to stimulate private investment, is a necessary and sufficient condition for the emergence of enterprises in the market. Perspective from the old Binh Thuan area, now 45 communes, wards and special zones of Lam Dong province.

Ca Ty River embankment park (Phan Thiet ward). Photo: Ngoc Lan.

New wave of startups

There has never been a period of socio-economic development that has brought as many surprises as the first 6 months of 2025 in Binh Thuan province (old). No one expected that the electricity industry with 1 Vinh Tan Thermal Power Center, more than 100 wind power plants, solar power plants, which have long impacted the economic structure in general, and determined the proportion of the construction industry in particular, would decline severely in these 6 months, due to low power generation capacity due to objective reasons. In addition, the processing and manufacturing industry showed signs of strong recovery, with an increase of 14.41% along with promising export figures of enterprises in industrial parks. However, when combined, the growth rate of gross domestic product (GRDP) of the industrial and construction sector increased but only by 1.47%. Meanwhile, tourism and services, which have long been considered secondary pillars among the three economic pillars, have now taken the lead with a 9.69% increase, surpassing the agricultural pillar which has always been stable, increasing at a steady rate of under 5%, specifically at 4.25% currently.

In the context of the above general economic development, the situation of the wave of startups and withdrawals from the market of enterprises also has some surprises compared to before, the time that everyone remembers clearly about the continuous impact of the Covid-19 epidemic, of internal wars in countries but causing disruptions in the global supply chain... Then looking back, the first 6 months of this year were also not free of obstacles to development, but in the old Binh Thuan area, by June 20, 2025, there were 505 newly registered enterprises, an increase of 36.12% over the same period, which is determined to have a sudden increase. However, the total registered capital of 3,056.01 billion VND decreased by 10.85% over the same period.

According to the analysis of enterprises, the increase in the number of enterprises but the decrease in the scale of total investment capital shows the two sides of the problem. First of all, enterprises entering this market have registered investment capital according to their inherent capacity, not registered according to the virtual capital for a long time. On the other hand, through that, it also shows that there is still room for development but enterprises are not bold, still timid. That is also normal in startups, especially with the brutality of "the business world like a battlefield" in recent times. And with the current wave of startups more or less becoming more substantial, when new enterprises are also aware of business activities in the new environment of a province after the merger of 3 provinces identified as having the largest area in the country, with a domestic market with diverse consumer needs... named Lam Dong .

Business in electricity and water supplies. Photo: Ngoc Lan.

Added trust

In other developments, 78 enterprises were dissolved, up 17.48% over the same period; 383 enterprises registered to temporarily suspend operations, up 9.86% over the same period, but 162 enterprises registered to resume operations, up 22.73% over the same period. If we calculate the number of enterprises entering and re-entering the market in the first 6 months of this year with a total of 667 enterprises compared to 461 enterprises withdrawing from the market, in the context of many global economic uncertainties, it shows the most outstanding thing. That is, enterprises are having more confidence in production and business, stemming from supportive and encouraging fiscal and credit policies that have been well implemented and applied in practice.

First of all, the acceleration of public investment to stimulate private investment in the old Binh Thuan area has achieved good results. According to the report on the disbursement of public investment capital in the first 6 months of the year and the tasks and solutions to promote the disbursement of public investment capital in 2025 sent by the Ministry of Finance to the Government Standing Committee on June 20, 2025, it was noted that 8 ministries, central agencies and 37 localities had an estimated disbursement rate above the national average, including Binh Thuan. In fact, when public investment capital is put into use through the implementation of groundbreaking, the formation of projects brings efficiency in many aspects. Not only creating a clear change in transport infrastructure, agriculture and rural development, but also stimulating businesses to appear and develop accordingly.

On the other hand, recently, the National Assembly has continuously issued resolutions on reducing value added tax for each period of time to support businesses. And starting from July 1, businesses will continue to reduce value added tax by 2% until December 31, 2026 from Decree 180/2024 dated December 31, 2024. Previously, the National Assembly resolved: Reduce 2% value added tax rate, applicable to groups of goods and services specified in Clause 3, Article 9 of the Law on Value Added Tax 2025 (to 8%), except for some groups of goods and services. The reduction of value added tax for each type of goods and services prescribed is applied uniformly at the stages of import, production, processing, and commercial business.

At the same time, banks also issued a variety of credit policies for businesses to access appropriate and effective capital sources. In general, although there are people who withdraw, in business, that is sometimes the end to return to the business race, so at the same time, businesses also appear to enter the market. And currently, it shows that businesses entering and re-entering the market are increasing, which is a good sign for the province's production and business.

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Information from the functional sector on the results of a recent survey on the production and business trends in the processing and manufacturing industry in the old Binh Thuan area, in the third quarter of 2025, 63.64% of enterprises assessed the production and business situation as stable and better, of which (22.27% assessed the trend to be better, 40.91% said it was stable); 36.36% predicted more difficulties.

Source: https://baolamdong.vn/vi-sao-doanh-nghiep-gia-nhap-va-tai-gia-nhap-thi-truong-tang-381017.html