Ho Chi Minh City has nearly 46,000 newly established businesses, more than 17,000 dissolved businesses
Ho Chi Minh City - In the first 10 months of 2026, Ho Chi Minh City had 45,767 newly established businesses, while more than 17,300 businesses completed dissolution procedures.
On November 5th, the Ho Chi Minh City People's Committee held a meeting to assess the socio-economic situation in October, the first 10 months of the year and key tasks and solutions for November 2026.
According to a report by the Ho Chi Minh City People's Committee, in the first 10 months of 2026, the city had 45,767 newly established businesses, down 7.2% compared to the same period last year.
During the same period, there were 17,302 enterprises completing dissolution procedures, an increase of 177.19% compared to the same period; 36,735 enterprises temporarily suspended operations, an increase of 5.48%. The number of enterprises resuming operations is 16,618 enterprises, an increase of 0.71%.
Regarding economic development, total retail sales of goods and consumer service revenue in 10 months are estimated at 1,678,789 billion VND, an increase of 14.7% compared to the same period.
In which, retail sales of goods are estimated to increase by 17.3%; accommodation and catering services increased by 15.8%; travel services increased by 17.7% and other services increased by 11.3%.
In the industrial sector, the index of industrial production (IIP) increased by 11%. In which, the processing and manufacturing industry increased by 11.4%, higher than the general increase of the whole industry. The production index of 4 key industries is estimated to increase by 10.7%.
The consumption index of the processing and manufacturing industry increased by 9.5%, of which 16/23 secondary-level industries recorded consumption growth. The inventory index of the processing and manufacturing industry decreased by 0.5% compared to the same period.
For foreign investment attraction activities, total foreign direct investment (FDI) reached about 19.1 billion USD, an increase of 315.9% compared to the same period.
For projects in the fields of professional activities, science and technology, the city attracted a total registered capital of more than 1,737.2 million USD. Of which, 331 new projects were licensed with registered capital of 1,016.1 million USD; 55 projects increased capital with 234.3 million USD and 330 capital contributions and share purchases reached 486.8 million USD.
Regarding financial and banking activities, total mobilized capital reached 5,936 trillion VND, an increase of 12.8%; outstanding credit reached 5,854 trillion VND, an increase of 12.4% compared to the same period.
In 10 months, state budget revenue of Ho Chi Minh City reached 761,998 billion VND, equal to 94.8% of the estimate, an increase of 16% compared to the same period.
Regarding the work of removing difficulties for backlog and prolonged projects, the city focuses on handling 921 projects. To date, 361 projects have completed removing difficulties and obstacles, reaching 39.2%; the remaining 560 projects have had handling directions.
Regarding public investment, Ho Chi Minh City has allocated and assigned a capital plan for 2026 of more than 147,599 billion VND. By the end of October, disbursement reached about 118,278 billion VND, equivalent to 80.1% of the plan.
According to the Ho Chi Minh City People's Committee, in November, the city will continue to promote growth promotion solutions, strive to complete the budget revenue target; focus on removing difficulties for projects, accelerate the progress of key projects and accelerate disbursement of public investment capital.
At the same time, the city focuses on discussing solutions to promote industrial production, exports and stimulate consumer demand at the end of 2026, creating momentum for trade and service growth in the fourth quarter.
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