The Vietnam Chamber of Commerce and Industry (VCCI) on April 18 launchedthe Vietnam Annual Business Report 2012, which presents an overview onthe domestic business environment.
The reportreviews developments in the economic growth, export-import balance,foreign investment attraction and changes of the world market.
Speaking at the announcement ceremony, VCCI President Vu Tien Loc saidthe report has provided a panoramic picture of Vietnamese businesses’development during the 2002-2011 period, focusing on their transition,capacity improvement, especially in market access.
Inthe report, VCCI has made recommendations to policy makers on how toimprove the business environment and suggestions for enterprises toraise their competitive edge.
The report alsoreflects the business community’s wish that the Government will speed upadministrative reform and build a transparent investment and businessenvironment.
At the same time, local authoritiesshould focus on improving management capacity and assisting businessesin the localities.
The World Bank chief economist forVietnam, Deepak Mishra stressed that the WB and the VCCI share thevision on as well as the common goal to spur the business environment inVietnam in both depth and width.
According to thereport, by April 1, 2012, the country had over 312,000 businesses, ofwhich more than 80 percent are operating in the form of limitedliability or joint stock companies. Local businesses showed adown-sizing trend in workforce, from an average 74 employees in 2002 to34 in 2011, but their capital increased, from 23 billion VND to 47billion VND during the same period.
Last year, nearly70,000 businesses registered for establishment, representing a decreaseof 9.9 percent against the previous year.
Meanwhile, more than 54,200 others dissolved or halted operation, a year-on-year rise of 6.29 percent, respectively.-VNA
The reportreviews developments in the economic growth, export-import balance,foreign investment attraction and changes of the world market.
Speaking at the announcement ceremony, VCCI President Vu Tien Loc saidthe report has provided a panoramic picture of Vietnamese businesses’development during the 2002-2011 period, focusing on their transition,capacity improvement, especially in market access.
Inthe report, VCCI has made recommendations to policy makers on how toimprove the business environment and suggestions for enterprises toraise their competitive edge.
The report alsoreflects the business community’s wish that the Government will speed upadministrative reform and build a transparent investment and businessenvironment.
At the same time, local authoritiesshould focus on improving management capacity and assisting businessesin the localities.
The World Bank chief economist forVietnam, Deepak Mishra stressed that the WB and the VCCI share thevision on as well as the common goal to spur the business environment inVietnam in both depth and width.
According to thereport, by April 1, 2012, the country had over 312,000 businesses, ofwhich more than 80 percent are operating in the form of limitedliability or joint stock companies. Local businesses showed adown-sizing trend in workforce, from an average 74 employees in 2002 to34 in 2011, but their capital increased, from 23 billion VND to 47billion VND during the same period.
Last year, nearly70,000 businesses registered for establishment, representing a decreaseof 9.9 percent against the previous year.
Meanwhile, more than 54,200 others dissolved or halted operation, a year-on-year rise of 6.29 percent, respectively.-VNA
