Prime Minister Nguyen Xuan Phuc praised the important role of the Vietnamese business community in national development at a ceremony in Hanoi on October 13 to mark the 15th anniversary of Vietnam Entrepreneurs’ Day.
The northern province of Vinh Phuc has become popular among both domestic and foreign investors as a friendly and promising destination for successful projects.
Nearly 102,300 new enterprises were established in nine months of this year, a new record so far, with a total registered capital of over 1.29 trillion VND (56.08 million USD), reported the General Statistics Office.
Close to 102,300 new enterprises were established in the first nine months of this year with a combined registered capital exceeding 1.29 quadrillion VND (55.47 billion USD), up 5.9 percent and 34 percent, respectively, from a year ago.
The number of newly-established firms in the northern province of Vinh Phuc in the first nine months of this year is estimated at 835, an increase of 8 percent from the same period last year.
As many as 90,500 new businesses were established in the first eight months of the year, with a combined registered capital of 1.1 quadrillion VND (47.3 billion USD), a year-on-year increase of 3.5 percent in the number of enterprises and 31 percent in capital, according to the General Statistics Office (GSO).
The southern industrial hub of Binh Duong has not only been among leading localities in foreign direct investment (FDI) attraction but also an attractive destination for domestic investors.
The southern province of Binh Duong on August 7 held a meeting with trade associations, local businesses and domestic investors to listen to their voice and remove obstacles facing them.
The central province of Thua Thien-Hue will continue accelerating administrative reform to facilitate investment, while strengthening support to investors, especially in human resources training.
The World Trade Organisation (WTO) Trade Facilitation Agreement (TFA) will help micro, small- and medium-sized enterprises (MSMEs) further diversify exports and expand markets, as well as improve GDP growth in Vietnam, experts said at a seminar held in Ho Chi Minh City on June 13.
Ho Chi Minh City attracted 2.77 billion USD in foreign investment in the first five months of this year, with 46.7 percent of the capital poured into real estate.
Close to 54,000 enterprises have registered to begin operations in the first five months of 2019, up 3.2 percent on-year, also the highest number recorded in the period in the past five years.
It is critical to improve the resilience of the Vietnamese economy to withstand and recover from external shocks, experts told a conference in Hanoi on May 15.
Chairman of Ho Chi Minh City People’s Committee Nguyen Thanh Phong has instructed departments, wards and districts in the city to work harder towards making strong changes in administrative reforms.
Whole sale, retail, and vehicle repair service saw the joining of 16,100 new businesses, the highest number in the first four months of this year, up 14 percent year on year and accounting for 37.2 percent of the newly-established firms of the country, according to the General Statistics Office (GSO).
As many as 43,305 new enterprises with total registered capital of 542.4 trillion VND (32.32 billion USD) were established in the first four months of 2019, up 4.9 percent in the number of firms and 31.7 percent in capital, according to the General Statistics Offices (GSO).
The future of the Vietnamese economy in 2019may become more unstable due to impacts from shocks in the international market, according to the Vietnam Institute for Economic and Policy Research (VEPR).
The number of newly-established businesses in the first quarter of this year reached 28,451 with the total registered capital of 375.5 trillion VND (16.14 billion USD), up 6.2 percent and 34.8 percent year-on-year, respectively.
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