Vietnam: number of new businesses for services sector 2023

In 2023, the number of newly established businesses in the services sector in Vietnam was estimated to reach nearly 119.5 thousand. The country's services sector has shown signs of recovery after a prolonged period of being impacted by the COVID-19 pandemic restrictions.

Number of newly established businesses for the services sector in Vietnam from 2016 to 2023 (in 1,000s)

Characteristic	Number of registrations in thousands
2023*	119.49
2022	103.55
2021	83.59
2020	92.02
2019	99.55
2018	94.7
2017	90.97
2016	77.5

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Release date

December 2023

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Region

Vietnam

Survey time period

2016 to 2023

Supplementary notes

*Estimated.

Figures refer to the total services sector, including wholesale and retail, transportation and storage, accommodation and food, information and communication, finance, banking and insurance, real estate, professional, scientific and technical activities, human health and social work, education, administration and support as well as arts, entertainment and recreation.

Figures have been rounded.

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