Engineering equipment is manufactured at Tri Cuong Industrial Company in Hanoi. (Photo: VNA) Hanoi (VNS/VNA)- A set of criteria to evaluate the corporate development of the country and ofeach province and city were released at a press conference on October 13 in thecapital.
The criteria, compiled by the General Statistics Office (GSO) gauge the levelof business development in 2017 and from 2010 to 2017.
The 10 major criteria cover operating businesses, new businesses, businesseswith resumed operations, businesses with suspended operations, dissolvedbusinesses, workers, capital, revenue, pre-tax profits, contributions to Statebudget and workers’ income.
In his speech at the event, Deputy Prime Minister Vuong Dinh Hue said thecriteria provide a good foundation for State agencies, sectors and localitiesto draw up proper policies in order to achieve the goal of one millionenterprises in Vietnam by 2020.
The Deputy PM also requested localities to utilise the criteria to assess howlocal businesses have been operating, so as to take appropriate measures inimplementing the Government resolutions and continuing to improve localcompetitiveness.
From 2019, the GSO will release the business development criteria and the whitebook on the Vietnamese business situation annually on Vietnam Entrepreneurs’Day which falls on October 13.
As of December 31, 2017, the country was home to approximately 560,400operating firms, up 11 per cent year-on-year, head of the GSO Nguyen Bich Lamsaid.
The service sector lured the highest quantity of new companies at over 390,000,a yearly hike of 10.3 percent. The industry and construction sector came nextwith 164,000, up 12.2 percent while the agro-forestry-fisheries sector rankedthird with 5,400, up 23 percent.
According to the GSO report, 40 out of 63 localities achieved stronger growthin number of new companies than the nation’s average level, such as Bac Giangat 34 percent, Hanoi at 32 percent and Bac Ninh at 29 percent.
Notably, 2017 saw the highest number of newly-established firms with about127,000, up 15.2 percent compared to 2016. Among localities recording thestrongest yearly growth in number of new enterprises were Ben Tre (up 273 percent),Ha Giang (55 percent), Tuyen Quang (53 percent), Bac Giang (49 percent) and VinhPhuc (46 percent).
As per the data, the total registered capital of newly-formed firms in 2017stood at 1.2 quatrillion VND (52.6 billion USD), surging 45 percent over theprevious year. Average registered capital was 10.2 billion VND, up 26 percentyear-on-year.-VNS/VNA
VNA
