About 81,300 enterprises registered their establishment or resumed operation in the first four months of this year, up 3% over the same period last year, according to data from the General Statistics Office under the Ministry of Planning and Investment. However, there were also 86,400 enterprises that withdrew from the market, up 12.2% over the same period last year, which is much higher than the number of newly established businesses.

Foreign Ministry spokesperson Pham Thu Hang on May 9 said that Vietnam welcomes the US Commerce Department’s consideration of upgrading Vietnam to 'market economy' status.

A number of international financiers have expressed their optimism about Vietnam’s economic growth in 2024 which is likely to be higher than last year’s figure, reported by Tuoi Tre (Young Age) newspaper.

Prime Minister Pham Minh Chinh highlighted the need for unwavering determination and drastic actions in the face of current difficulties, during the Government’s monthly meeting in Hanoi on May 4.