Record rise was seen in the number of newly-established firms and those returning to the market in the first eight months of this year thanks to a surge in August’s figures, according to the Business Registration Agency under the Ministry of Planning and Investment.

While many firms have been shut down during the COVID-19 pandemic, plenty have also been established, aiming to become part of the 'new normal' business environment.

Noticeable increases in the number of enterprises that were newly established or restarted operation were recorded in October in comparison to September, signaling a recovering post-pandemic market.

Vietnam had more than 75,200 newly registered enterprises in the first seven months of this year, a 5.1% decrease compared to the same period last year.