Thanh Hoa sees surge in new businesses and investment in first half of 2025

In the first six months of 2025, central Thanh Hoa province recorded 1,725 newly registered enterprises, fulfilling 57.5% of the annual target and marking a 12.3% year-on-year increase.

This achievement places the locality eighth nationwide and first among North Central Coast provinces in terms of new business registrations.

In terms of capital scale, 1,623 enterprises (94.1%) registered capital of under VND10 billion ($382,000), 76 enterprises (4.4%) registered capital between VND10 and 50 billion ($1.9 million), and 26 enterprises (1.5%) registered over VND50 billion (over $1.9 million).

The new businesses are expected to create approximately 11,953 jobs, a 3.9% increase over the same period last year—an encouraging sign in a labor market that increasingly demands stable, long-term employment opportunities.

New enterprises were launched across all 17 industry sectors, with the most active fields including wholesale and retail trade; repair of automobiles and motorcycles; education and training; manufacturing and processing; and construction.

Alongside robust domestic business growth, Thanh Hoa has continued to promote investment outreach, with provincial leaders engaging directly with key domestic and international investors. High-level working sessions were held with organizations such as the Embassy of the Russian Federation, the World Bank, and major corporations including WHA Group (Thailand), Hoa Loi Group, SunGroup, Idemitsu Group, Pacific Construction Group, SK Group (South Korea), Sumitomo Corporation (Japan), and CT Strategies Vietnam.

As a result, from early 2025 to date, the province has attracted 61 direct investment projects, including five FDI projects totaling $198.6 million in registered capital—a 15.6% increase compared to the same period last year, despite the number of projects remaining constant. Additionally, five existing FDI projects expanded their capital base, adding $71.3 million in investment.