New business density (new registrations per 1,000 people ages 15-64) in Vietnam
Vietnam: New business density (new registrations per 1,000 people ages 15-64) was 2 new registrations per 1,000 people ages 15-64 in 2024. ▲ Rising
New business density in Vietnam, 2011–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
In 2024, new business density in Vietnam stood at 2 new registrations per 1,000 people ages 15-64.
Compared with earlier readings it is down 0.9% on the previous year and up 124.6% over ten years.
Over the whole period, new business density in Vietnam peaked at 2.02 new registrations per 1,000 people ages 15-64 in 2023 and was at its lowest, 0.8212 new registrations per 1,000 people ages 15-64, in 2012.
Vietnam ranks 98th of 177 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
New business density (new registrations per 1,000 people ages 15-64) in Vietnam, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2011 | 0.8877 new registrations per 1,000 people ages 15-64 | — |
| 2012 | 0.8212 new registrations per 1,000 people ages 15-64 | -7.5% |
| 2013 | 0.8904 new registrations per 1,000 people ages 15-64 | +8.4% |
| 2014 | 0.8903 new registrations per 1,000 people ages 15-64 | -0.0% |
| 2015 | 1.14 new registrations per 1,000 people ages 15-64 | +28.4% |
| 2016 | 1.34 new registrations per 1,000 people ages 15-64 | +17.3% |
| 2017 | 1.56 new registrations per 1,000 people ages 15-64 | +16.6% |
| 2018 | 1.62 new registrations per 1,000 people ages 15-64 | +3.8% |
| 2019 | 1.68 new registrations per 1,000 people ages 15-64 | +3.5% |
| 2020 | 1.67 new registrations per 1,000 people ages 15-64 | -0.6% |
| 2021 | 1.4 new registrations per 1,000 people ages 15-64 | -16.0% |
| 2022 | 1.81 new registrations per 1,000 people ages 15-64 | +29.2% |
| 2023 | 2.02 new registrations per 1,000 people ages 15-64 | +11.4% |
| 2024 | 2 new registrations per 1,000 people ages 15-64 | -0.9% |
Vietnam compared with similar countries
- Vietnam's 2 new registrations per 1,000 people ages 15-64 is below the median for upper middle income countries, which is 2.17 new registrations per 1,000 people ages 15-64, 92% of the median. (52 countries reporting)
- Vietnam's 2 new registrations per 1,000 people ages 15-64 is above the median for East Asia & Pacific, which is 1.67 new registrations per 1,000 people ages 15-64, 1.2× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.2 new registrations per 1,000 people ages 15-64 | 0.8212 new registrations per 1,000 people ages 15-64 | 1.68 new registrations per 1,000 people ages 15-64 | 9 |
| 2020s | 1.78 new registrations per 1,000 people ages 15-64 | 1.4 new registrations per 1,000 people ages 15-64 | 2.02 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Vietnam
- 95 Serbia 2.12 new registrations per 1,000 people ages 15-64 compare
- 96 Cyprus 2.08 new registrations per 1,000 people ages 15-64 compare
- 97 Azerbaijan 2 new registrations per 1,000 people ages 15-64 compare
- 99 Turkey 1.98 new registrations per 1,000 people ages 15-64 compare
- 100 Tunisia 1.82 new registrations per 1,000 people ages 15-64 compare
- 101 Oman 1.79 new registrations per 1,000 people ages 15-64 compare
More private sector data for Vietnam
- Merchandise trade 180.0% (2025)
- Food imports 8.8% (2023)
- Manufactures imports 74.7% (2023)
- Merchandise imports 453.78 billion current US$ (2025)
- Commercial service imports 40.54 billion current US$ (2025)
- Food exports 9.4% (2023)
- Manufactures exports 85.0% (2023)
- Merchandise exports 472.93 billion current US$ (2025)
- Commercial service exports 30.31 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,655 current US$ per person (2025)
Frequently asked questions
- What is new business density in Vietnam?
- New business density in Vietnam was 2 new registrations per 1,000 people ages 15-64 in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new business density recorded in Vietnam?
- The highest recorded value was 2.02 new registrations per 1,000 people ages 15-64 in 2023.
- What is the lowest new business density recorded in Vietnam?
- The lowest recorded value was 0.8212 new registrations per 1,000 people ages 15-64 in 2012.
- How does Vietnam rank for new business density?
- Vietnam ranks 98th out of 177 countries with data for 2024.
- Is new business density rising or falling in Vietnam?
- Over the last ten years it is up 124.6%. The long-run trend across the full record is rising.
- Where does this Vietnam data come from?
- The figures come from Entrepreneurship Database, World Bank (WB), published as part of New business density (new registrations per 1,000 people ages 15-64). Statizoid updates them automatically from the source API.
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About this data
The number of newly registered firms with limited liability per 1,000 working-age people (ages 15-64) per calendar year.