The Vietnam Chamber of Commerce and Industry (VCCI) on April 18 launched
the Vietnam Annual Business Report 2012, which presents an overview on
the domestic business environment.
The report
reviews 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 said
the 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.
In
the report, VCCI has made recommendations to policy makers on how to
improve the business environment and suggestions for enterprises to
raise their competitive edge.
The report also
reflects the business community’s wish that the Government will speed up
administrative reform and build a transparent investment and business
environment.
At the same time, local authorities
should focus on improving management capacity and assisting businesses
in the localities.
The World Bank chief economist for
Vietnam, Deepak Mishra stressed that the WB and the VCCI share the
vision on as well as the common goal to spur the business environment in
Vietnam in both depth and width.
According to the
report, by April 1, 2012, the country had over 312,000 businesses, of
which more than 80 percent are operating in the form of limited
liability or joint stock companies. Local businesses showed a
down-sizing trend in workforce, from an average 74 employees in 2002 to
34 in 2011, but their capital increased, from 23 billion VND to 47
billion VND during the same period.
Last year, nearly
70,000 businesses registered for establishment, representing a decrease
of 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