Data · Firms & business environment

New business density (new registrations per 1,000 people ages 15-64): Vietnam, 2011–2024

Latest (2024)
2.00 firms per 1,000 people
Source
World Bank
Code
IC.BUS.NDNS.ZS
Frequency
Yearly
Download CSV Open at the source

Definition

The number of newly registered firms with limited liability per 1,000 working-age people (ages 15-64) per calendar year.

What the series shows

The series runs from 2011 to 2024 (14 years of data). It moved from 0.89 to 2.00 firms per 1,000 people, a change of 125.2%. The highest value was 2.02 in 2023 and the lowest 0.82 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 per 1,000 people)
20242.00
20232.02
20221.81
20211.40
20201.67
20191.68
20181.62
20171.56
20161.34
20151.14
20140.89
20130.89
20120.82
20110.89

Comparison with other countries

CountryLatest yearValue
Vietnam20242.00
Thailand20241.75
Indonesia20240.94
Malaysia20242.38
Philippines20240.51
Singapore202411.59
Cambodia20240.45
Laos20241.57
Myanmar20180.39
China202415.59

How to cite (APA 7)

World Bank. (2026). New business density (new registrations per 1,000 people ages 15-64), Vietnam [Data set]. World Development Indicators. https://data.worldbank.org/indicator/IC.BUS.NDNS.ZS?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_ndns_zs, ready for Stata, R or SPSS.

All indicators · Financial ratio calculator