Deputy Minister of Finance Tran Quoc Phuong analyzes the factors that lead to the increase in the number of newly established enterprises in the first months of the year. Photo: VGP/Nhat Bac

At the regular Government press conference for April in Hanoi, Mr. Phuong said the registered capital of newly established enterprises also increased, up about 1.5% over the same period in 2024. The surge shows confidence in Vietnam's economic recovery and growth outlook, according to the Deputy Minister of Finance.

“Business confidence in the production and business environment as well as the economic growth prospects of Vietnam is very good. This is the result of the direction and management of the Government and the Prime Minister. This confidence is greatly influenced by the reform processes taking place in the economy.”

According to Deputy Minister Phuong, institutional innovation has also contributed to the business community’s great confidence in the readiness to remove obstacles in legal regulations to boost production and business.