More businesses resume operation in 2014: GSO
As many as 15,419 enterprises nationwide resumed their operation in 2014, up 7.1% from a year ago, according to Director General of the General Statistics Office (GSO) Nguyen Bich Lam.
During the year, 74,842 new firms were registered with a total capital of VND432.2 trillion (US$20.31 billion), representing a year-on-year drop of 2.7% in the number of firms but an 8.4% rise in capital.
Average registered capital of each new enterprise was VND5.8 billion, 11.5% more than the figure in 2013, said Lam.
The new firms were set to employ 1.09 million labourers, up 2.8% from 2013.
In the year, 67,823 firms were, however, dissolved, mostly small-sized, he noted.
Pham Dinh Thuy from the GSO’s Industry Statistics Department attributed the situation to the firms’ small investment capital, poor governance, and weak competitiveness.
According to the GSO Director General, enterprises should improve their productivity by applying advanced technology to generate high value products winning consumers, especially local ones.
Average registered capital of each new enterprise was VND5.8 billion, 11.5% more than the figure in 2013, said Lam.
The new firms were set to employ 1.09 million labourers, up 2.8% from 2013.
In the year, 67,823 firms were, however, dissolved, mostly small-sized, he noted.
Pham Dinh Thuy from the GSO’s Industry Statistics Department attributed the situation to the firms’ small investment capital, poor governance, and weak competitiveness.
According to the GSO Director General, enterprises should improve their productivity by applying advanced technology to generate high value products winning consumers, especially local ones.