Data · Firms & business environment

New businesses registered (number): Vietnam, 2011–2024

Latest (2024)
136,757 firms
Source
World Bank
Code
IC.BUS.NREG
Frequency
Yearly
Download CSV Open at the source

Definition

New businesses registered are the number of new limited liability corporations (or its equivalent) registered in the calendar year.

What the series shows

The series runs from 2011 to 2024 (14 years of data). It moved from 54,756 to 136,757 firms, a change of 149.8%. The highest value was 137,271 in 2023 and the lowest 51,382 in 2012. The comparison below sets Vietnam against 9 neighbouring economies on the latest available year.

Using it in a thesis

Indicators like this one are typical control or explanatory variables in macro and finance theses: merge the CSV with your other series on the year column, check for missing years before running a regression, and log-transform level variables that grow over time. If you use the series in a panel with other countries, take every country from the same source and vintage so the definitions match. Cite the original publisher, not this site, as shown below.

Values by year

YearValue (firms)
2024136,757
2023137,271
2022122,487
202194,243
2020111,477
2019111,338
2018106,931
2017102,447
201687,346
201573,817
201456,928
201356,370
201251,382
201154,756

Comparison with other countries

CountryLatest yearValue
Vietnam2024136,757
Thailand202487,596
Indonesia2024182,200
Malaysia202459,611
Philippines202439,146
Singapore202452,248
Cambodia20245,138
Laos20247,941
Myanmar201814,051
China2024286,640

How to cite (APA 7)

World Bank. (2026). New businesses registered (number), Vietnam [Data set]. World Development Indicators. https://data.worldbank.org/indicator/IC.BUS.NREG?locations=VN

Licence: Creative Commons Attribution 4.0 International (CC BY 4.0). Retrieved 2026-11-02. The CSV has one row per period with the variable name ic_bus_nreg, ready for Stata, R or SPSS.

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