At a factory in An Giang (Photo: VNA) Hanoi (VNA) – TheGeneral Statistics Office (GSO) reported a decade-high number of new businessesestablished nationwide in the first quarter, reaching 36,224.
Taking into account enterprises resuming operation, the number reached 59,848.
Also in Q1, nearly 74,000 enterprises ceased operations. The majorityof them (72.1%) were temporary suspensions, with 53,365 expected to resume operation in the future.
A positive sign emerged in March, when the number of newly established businesses and those resuming operation, at 17,136, exceeded that of those temporarily withdrawing from the market (10,531).
The GSO report identified small-scale enterprises, which have capital of below 10 billion VND (416,000 USD) as the most common type of businesses exiting the market (nearly 90%). It is also noteworthy that over 74% of those stopping operation were in the service sector.
To address challenges and stimulate production and business activities, the GSO proposed that theGovernment consistently prioritise growth in tandem with ensuring macro-economicstability, controlling inflation and ensuring the major balances of the economy.
Its other suggestions include promoting new growth driverssuch as fine-tuning mechanisms and laws to pool and effectively use allresources, developing six socio-economic regions and seizing new opportunitiesarising from the global and regional shifts in supply chains, trade andinvestment.
GSOGeneral Director Nguyen Thi Huong highlighted a need for the Government to boost digitaltransformation, green transition, circular economy, and emerging sectors suchas semiconductor chips and artificial intelligence; draw green financialresources to develop renewable energy, new energysources and hydrogen; as well as establish and develop global and regionalfinancial centres in Vietnam./.
