VOV.VN - Although top 500 largest Vietnamese private enterprises (VPE500) represent a small part of the number of local enterprises, they has greatly contributed to the operations of the private economic sector and the national economy, according to insiders.

The numbers of enterprises and employees working in the non-state and FDI sectors increased rapidly, but reduced markedly in the state-owned sector during 2016-2020, according to the General Statistics Office of Vietnam (GSO)’s freshly released 2021 economic census.

Although the 2020-2022 period was a tough time for both State-owned and private enterprises due to macro-economic fluctuations after the COVID-19 pandemic, it provided a good chance for businesses that managed to exist and make breakthrough growth, according to a report by Vietnam Report JSC.

Deputy Prime Minister Le Minh Khai has signed a decision approving a programme to support private enterprises in sustainable business development in the 2022-2025 period.

Private enterprises do not need money but institutional support to enjoy a stable and safe business environment, bringing them equality and respect.

The number of bankrupt state-owned enterprises (SOE) in reality is low, and is not commensurate with the number of private enterprises in bankruptcy.