New business density — all countries

New business density — Vietnam

New business density in Vietnam in 2024 — 2 per 1,000. Ranked 81 in the world out of 134. Since 2011, the indicator has risen by 125.2%.

2024 2 per 1,000 −0.94% vs 2023
World rank 81of 134
Period maximum 2.02 per 1,0002023
Period minimum 0.82 per 1,0002012

Trend over time

2011–2024 · per 1,000 people aged 15–64

New business density — Vietnam, 2011–20240.511.522.5201120132015201720192021202320242011: 0.89 per 1,0002012: 0.82 per 1,0002013: 0.89 per 1,0002014: 0.89 per 1,0002015: 1.14 per 1,0002016: 1.34 per 1,0002017: 1.56 per 1,0002018: 1.62 per 1,0002019: 1.68 per 1,0002020: 1.67 per 1,0002021: 1.4 per 1,0002022: 1.81 per 1,0002023: 2.02 per 1,0002024: 2 per 1,000
Change over the period: +1.11 (+125.23%) Average annual rate: 6.44 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Vietnam

Vietnam 2 per 1,000
World 5.15 per 1,000
East Asia & Pacific 10.73 per 1,000
South-Eastern Asia computed 1.31 per 1,000
New business density — Vietnam, by year Vietnam All countries CSV XLSX
Year per 1,000 Change Change, %
2024 2 −0.02 −0.94%
2023 2.02 +0.21 +11.42%
2022 1.81 +0.41 +29.15%
2021 1.4 −0.27 −16.03%
2020 1.67 −0.01 −0.56%
2019 1.68 +0.06 +3.46%
2018 1.62 +0.06 +3.8%
2017 1.56 +0.22 +16.59%
2016 1.34 +0.2 +17.35%
2015 1.14 +0.25 +28.42%
2014 0.89 −0 −0.01%
2013 0.89 +0.07 +8.43%
2012 0.82 −0.07 −7.49%
2011 0.89

About the indicator

The number of newly registered limited liability companies per 1,000 people of working age (15–64) over a year. It is an indicator of entrepreneurial activity and of the ease of entering a market. Only limited liability companies are counted, so in countries where sole proprietorships dominate the figure is understated.

Important: The aggregate is weighted by the population aged 15–64 — the same denominator that stands in the indicator. Only new limited liability companies are counted, so where other legal forms are common the value is understated.

Source: World Development Indicators (World Bank), license CC BY 4.0.