Deputy Prime Minister Vuong Dinh Hue chaired a meeting of the Steering Committee for Business Renovation and Development in Hanoi on July 8 to review equitisation, divestment and restructuring of State-owned enterprises (SOEs) and corporate development in the first half and tasks for the remaining months of this year.
Vietnam’s CMC Corporation, one of the leading information and communications technology (ICT) groups in Vietnam, opened its subsidiary in Yokohama city of Kanagawa prefecture on November 7.
Vietnam totalled over 105,000 nationwide newly established companies in the first ten months of the year, a year-on-year increase of 14.6 percent, according to the Enterprise Development Agency under the Ministry of Planning and Investment.
As many as 93,967 new enterprises were set up in the first nine months of this year with total capital of over 902.6 trillion VND (39.7 billion USD), a year-on-year rise of 15.4 percent and 43.5 percent, respectively.
A total of 8,600 new enterprises with total registered capital of nearly 80.5 trillion VND (3.54 billion USD) were set up in September, according to the Ministry of Planning and Investment.
The Bank for Investment and Development of Vietnam (BIDV) has launched preferential credit programmes worth a total three trillion VND (132.1 million USD) to support start-ups and micro enterprises.
The province of Bac Giang will continue its efforts to improve the local investment and business environment with the goal of attracting investors and facilitating the operation of local businesses.
Despite the negative impacts of prolonged drought, the Central Highlands region still saw positive socio-economic development in 2015, with its GDP valued at nearly 140 trillion VND, up 7.06 percent.
Vietnam expects to grow at 6.5-7 percent for the next five years, according to a Government report tabled recently at the National Assembly on socio-economic development.
The scale of Vietnamese businesses has decreased with the average registered capital of a newly-established firm till July this year being 6.2 billion VND (284,400 USD).
A string of recent moves to reform mechanisms and tax and customs
policies have resulted in encouraging outcomes, evidenced by a number of
improved business indexes.
Vietnam's index of industrial production (IIP) grew by 12 percent in the
first two months of this year over the same period last year, according
to the General Statistics Office (GSO).
Nearly 11,000 businesses were dissolved or suspended their operations in
January, reflecting a 23 percent increase from a year ago, according to
the General Statistics Office.
In the first quarter, nearly 5,000 businesses based in Ho Chi Minh City
suspended operations, or equal to 63.8 percent of the number of newly
registered businesses for the same period.
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