Garment products are made by workers of Apparel Far Eastern Vietnam Co in Binh Duong province. (Photo: VNA) Thelatest GSO report showed that the whole country saw 13,000 new enterprisesestablished in January, with registered capital of over 192.3trillion VND (8.47 billion USD), up 16 percent in the number of enterprises and23 percent in registered capital month-on-month. Compared to the sameperiod last year, these figures are 29 percent and 24 percent higher,respectively.
Thenumber of businesses returning to operation also surged in allareas. This signal shows the efforts of the business communitydespite the pandemic, the GSO said.
Specifically, 19,100companies returned to operation across the whole country in January, up 353 percentcompared to December 2021 and up 194 percent over the sameperiod last year. This brought the number of newly established andre-operating enterprises in the first month of this year total upto 32,100, surging 94 percent year-on-year.
Theaverage registered capital of a newly established enterprise alsoincreased by 5.8 percent year-on-year to reach 14.8 billion VND, the reportsaid.
Ifincluding 343.8 trillion VND of additional capital registered by 5,600operating enterprises, the total amount of additional capital registeredin January was more than 536.1 trillion VND, an increase of 36 percent overthe same period last year, it noted.
GSO GeneralDirector Nguyen Thi Huong said this was a positive result,continuing the momentum from the end of 2021. Last year, the continuous andeffective support of the Government and functional agencies laid the foundationfor the business's recovery.
Inthe latest move, the State recently issued Resolution No02/NQ-CP on major tasks and solutions to improve the businessenvironment and heighten national competitiveness in 2022.
Meanwhile, aresolution on fiscal and monetary policy to support thesocio-economic recovery and development programme with a scale of 350trillion VND was passed at the first extraordinary session of the 15th NationalAssembly in January to meet the urgent requirements of the country,businesses and local people.
DeputyMinister of Planning and Investment Tran Quoc Phuong said thatthe authorities were making all-out efforts to supportbusinesses' recovery since the beginning of this year. Hopefully, theseefforts would create the right conditions for businesses to operate effectivelyin 2022.
Theministry has just issued Decision No 44/QĐ-BKHĐT to rapidlyincrease the number of newly-established enterprises, reduce the rateof enterprises dissolved or having operation haltedwhile cutting off input and informal costs for businesses.
Toppriority will be given to researching and reviewing the list ofinvestment and conditional business lines and then removing barriers toinvestment and business activities due to overlapping and contradictorylegal regulations.
In2022, the Ministry of Finance will enhance administrative reform,especially procedures directly related to people, businessesand State agencies while focusing on simplifying businessconditions.
NguyenMinh Thao, head of the Research Department on Business Environment andCompetitiveness, said there was room for authorities to speed upadministrative reform to better support businesses.
Thaoalso emphasised the importance of promptly detecting andremoving overlaps and contradictions in regulations that might affect theestablishment of enterprises.
Goodsignals for fast recovery
PhamXuan Hong, Chairman of Saigon Garment 3 Joint Stock Company, said althoughlast year there was a time when many garment businesses in the southexperienced production interrupted and they had to shift someorders to factories in the north, they could still fulfil orders.
Thanksto its flexible adaptability, Vietnamese textile and garment companieswere highly appreciated by foreign partners and continued to sign neworders as soon as they resumed their production activities, said Hồng who isalso chairman of the HCM City Textile and Garment-Embroidery Association.
PhamVan Viet, Chairman of Viet Thang Jean Co, said his companyhad orders until the end of the second quarter and was focusingon expanding its production to increase exports. If the currentproductivity was maintained, his company's growth this yearwould be 15 percent higher than in 2021.
Afterthe Lunar New Year (Tet) holiday, most businesses in thesouth have returned to work.
Accordingto the Tra Vinh Economic Zone (EZ) Management Board, by February 8, themajority of enterprises in two zones - Dinh An and Long Duc - restartedtheir production, with a total of 15,600 workers returning to work.
InBinh Duong province, about 81 percent of businesses were operatingby February 8 with the number of employees returned towork reaching 72 percent./.
VNA
