Number of new firms increases by 16%

Customers study a new property project in HCM City (Photo: tphcm.chinhphu.vn) HCM City (VNS/VNA) - An additional 22,972 new enterprises were established in HCM City in the first seven months of the year with a combined registered capital of 297 trillion VND (13 billion USD). Although the number of newly established enterprises only increased 12.2 percent over the same period last year, the registered capital increased 69.1 percent, according to the HCM City’s Department of Planning and Investment. In addition, 33,521 businesses registered to change the nature of their business in the period with a total additional capital of 160.4 trillion VND (7 billion USD), a rise of 10.6 percent in the number of businesses and a surge of 40.5 percent in additional capital compared to the same period last year. In total, newly registered and supplemented capital of the enterprises in the city in the past seven months reached 458 trillion VND (20 billion USD), up 57.8 percent over the same period last year. Of the number of newly established enterprises, one-member limited companies have the highest proportion (58.4 percent) with 13,406 enterprises, followed by two-member limited companies (28.4 percent) with 6,527 enterprises, joint-stock companies (11.8 percent) with 2,710 enterprises, private enterprises (1.4 percent) with 326 enterprises and three joint-venture companies (0.01percent). By sector, real estate has the most newly established businesses (39 percent) with total registered capital of 116 trillion VND (5.1 billion USD). In addition, the retail, automobile repair and motorbike…... [read more]

Number of new firms increases by 16%

Customers study a new property project in HCM City. Real estate is the industry with the most newly established businesses in HCM City in the first seven months. — Photo tphcm.chinhphu.vn An additional 22,972 new enterprises were established in HCM City in the first seven months of the year with a combined registered capital of VND297 trillion (US$13 billion). Although the number of newly established enterprises only increased 12.2 per cent over the same period last year, the registered capital increased 69.1 per cent, according to the HCM City’s Department of Planning and Investment. In addition, 33,521 businesses registered to change the nature of their business in the period with a total additional capital of VND160.4 trillion ($7 billion), a rise of 10.6 per cent in the number of businesses and a surge of 40.5 per cent in additional capital compared to the same period last year. In total, newly registered and supplemented capital of the enterprises in the city in the past seven months reached VND458 trillion ($20 billion), up 57.8 per cent over the same period last year. Of the number of newly established enterprises, one-member limited companies have the highest proportion (58.4 per cent) with 13,406 enterprises, followed by two-member limited companies (28.4 per cent) with 6,527 enterprises, joint-stock companies (11.8 per cent) with 2,710 enterprises, private enterprises (1.4 per cent) with 326 enterprises and three joint-venture companies (0.01per cent). By sector, real estate has the most newly…... [read more]

Although the number of newly established enterprises only increased 12.2 percent over the same period last year, the registered capital increased 69.1 percent, according to the Ho Chi Minh City’s Department of Planning and Investment. In addition, 33,521 businesses registered to change the nature of their business in the period with a total additional capital of VND 160.4 trillion (USD 7 billion), a rise of 10.6 percent in the number of businesses and a surge of 40.5 percent in additional capital compared to the same period last year. Customers study a new property project in Ho Chi Minh City. Photo tphcm.chinhphu.vn In total, newly registered and supplemented capital of the enterprises in the city in the past seven months reached VND 458 trillion (USD 20 billion), up 57.8 percent over the same period last year. Of the number of newly established enterprises, one-member limited companies have the highest proportion (58.4 percent) with 13,406 enterprises, followed by two-member limited companies (28.4 percent) with 6,527 enterprises, joint-stock companies (11.8 percent) with 2,710 enterprises, private enterprises (1.4 percent) with 326 enterprises and three joint-venture companies (0.01 percent). By sector, real estate has the most newly established businesses (39 percent) with total registered capital of VND 116 trillion (USD 5.1 billion). In addition, the retail, automobile repair and motorbike industries also accounted for a high proportion (17.7 percent) with total registered capital of VND 52 trillion (USD 2.3 billion). According to the Department of Planning and Investment, Ho Chi Minh City is continuing…... [read more]

Viet Nam News HÀ NỘI - The Central Highlands provinces this year need to continue adjusting their growth models towards enhancing quality, efficiency and competitiveness, a senior official says. Tô Lâm, Head of the Steering Committee for the Central Highlands Region, said in meeting with local authorities last week that the provinces should improve the way the have been tapping their potentials for socio-economic development, and focus in particular on improving the lot of ethnic minority groups. Climate change adaptation will have to remain a major focus of this year's activities, he added. Provinces in the region should also accelerate restructuring in several areas and sectors including public investment, State-owned enterprises and agriculture while building new-style rural areas, he said. Lâm advised the provinces to improve investment promotion for hi-tech agriculture, clean energy, processing industry, livestock breeding and tourism. They should also intensify their focus on facilitating start-ups, developing local businesses and mobilising social resources for development, he said. Despite significant socio-economic achievements last year, numerous shortcomings remained in land-use management, traffic infrastructure and land use-related issues, among others. The region as a whole needs to strengthen land and forests management this year, allocate residential and cultivation land to needy households, increase reforestation and abide by the Prime Minister's directions on forest management and protection, Lâm said. The steering committee will work with ministries and sectors to propose to the Government mechanisms and incentives to ensure socio-economic development, regional and national security, he said. It will also study and implement…... [read more]

Hanoi (VNA) – In 2017, Central Highlands provinces need to continue fully exploiting their potential to promote economic development and social security, particularly among ethnic minority groups, said Senior Lieutenant General To Lam, Head of the Steering Committee for the Central Highlands Region. Lam, who is also Minister of Public Security, urged the localities to review socio-economic and sectoral planning, particularly in climate change adaptation; accelerate restructuring in tandem with growth models adjusted towards enhancing quality, efficiency, and competitiveness. They were asked to quickly restructure public investment, State-owned enterprises and agriculture along with new-style rural building while improving investment promotion to draw investment in high-tech agriculture, clean energy, processing industry, cattle breeding and tourism. Facilitating start-ups, developing local businesses and mobilising social resources for development are also priorities. In 2017, the region needs to strengthen land and forests management, allocate residential and cultivation land for needy households, push forward forest planting and abide by the Prime Minister’s directions on forest management and protection. The committee is to work with ministries and sectors to propose to the Government mechanisms and incentives to ensure socio-economic development, national defence and security of the region. It will also study regional connectivity and implement a regional connectivity mechanism in several sectors and types of local goods while developing a special credit system for sustainable poverty reduction. Lam also said ministries, sectors and localities should help all people enjoy the traditional Lunar New Year (Tet) holidays by ensuring supply and quality of goods as well as…... [read more]

Dak Lak (VNA) – Head of the Steering Committee for the Central Highlands To Lam asked the region to improve investment promotion methods to draw investors to high-tech agriculture, clean energy, processing industry, cattle breeding and tourism during a meeting in Dak Lak province on January 10. Lam, who is also Minister of Public Security, urged the committee, regional authorities, Party units, ministries and agencies to fully grasp the resolution adopted by the 12th National Party Congress and others set at the fourth plenum of the 12th Party Central Committee, in order to direct socio-economic development and ensure national defence-security. On the economic front, localities were asked to review socio-economic and sectoral planning, speed up the restructuring of public investment, State-owned enterprises and agriculture in tandem with new rural development while facilitating start-ups. On land issues, the region needs to push forward forest planting and seriously abide by the Prime Minister’s directions on forest management and protection, shutdown of natural forests and sustainable forest recovery, he said, adding that localities should consider devising special mechanisms to rally resources for regional transport connectivity and improve ethnic groups’ well-being. Regional localities were also required to consolidate grassroots political systems, with a focus on improving the quality of Party units and members in key areas. Despite prolonged drought last year, the regional gross domestic product surpassed 151 trillion VND (6.56 billion USD), up 7.47 percent annually while the gross regional domestic product per capita hit 39.56 million VND (1,720 USD), up 8.57 percent.…... [read more]

The following are Vietnam’s top ten economic events in 2016. The Resolution adopted at the 12th National Party Congress has defined tasks of stepping up renovation in a comprehensive and synchronous fashion; accelerating the economy fast and sustainably; and developing Vietnam into a modern, industrial country. The five-year average economic growth is expected to reach 6.5-7 percent per year. By 2020, an average gross domestic product (GDP) per capita will stand at about 3,200-3,500 USD, whilst the proportion of industry and services will make up some 85 percent of the GDP. Total average social investment in the next five years will account for 32-34 percent of the GDP, and State budget overspending will comprise of only 4 percent of the GDP. 2. National Assembly approves master plans for finance and investment The second session of the 14th National Assembly has approved a national financial blueprint in the 2016-2020 period, along with a middle-term public investment plan. Accordingly, the proportion of State budget overspending between 2016 and 2020 will not exceed 3.9 percent of the GDP. The annual public debt index, the Government debt, and the foreign debt are set within the limit of no more than 65 percent, 54 percent, and 50 percent, respectively, of the GDP. 3. Economy grows despite difficulties The drastic direction and administration of the Government, the high determination of the whole political system, and the active involvement of the business community, have backed the national economy to continue recording a positive growth in 2016. The…... [read more]

Hanoi (VNA) - The following are Vietnam’s top ten economic events in 2016.1. The 12th National Party Congress set a goal of rapid, sustainable economic development The Resolution adopted at the 12th National Party Congress has defined tasks of stepping up renovation in a comprehensive and synchronous fashion; accelerating the economy fast and sustainably; and developing Vietnam into a modern, industrial country. The five-year average economic growth is expected to reach 6.5-7 percent per year. By 2020, an average gross domestic product (GDP) per capita will stand at about 3,200-3,500 USD, whilst the proportion of industry and services will make up some 85 percent of the GDP. Total average social investment in the next five years will account for 32-34 percent of the GDP, and State budget overspending will comprise of only 4 percent of the GDP.2. National Assembly approves master plans for finance and investment The second session of the 14th National Assembly has approved a national financial blueprint in the 2016-2020 period, along with a middle-term public investment plan. Accordingly, the proportion of State budget overspending between 2016 and 2020 will not exceed 3.9 percent of the GDP. The annual public debt index, the Government debt, and the foreign debt are set within the limit of no more than 65 percent, 54 percent, and 50 percent, respectively, of the GDP. 3. Economy grows despite difficulties The drastic direction and administration of the Government, the high determination of the whole political system, and the active involvement of the business…... [read more]

HÀ NỘI - Prime Minister Nguyễn Xuân Phúc yesterday urged the Việt Nam Academy of Social Sciences (VASS) to become a trustworthy organisation in addressing and resolving social concerns. Speaking at a conference held in Hà Nội yesterday to set the academy's tasks for 2017, he said the Party and State had always prioritised resources for VASS's research activities for the past 63 years. He praised the academy for conducting a number of important studies and making policy recommendations to the Party and Government, especially in socio-economic, cultural and political areas, as also national defence and security. As an autonomous social science consultant to the Party and government, the VASS is tasked with promoting the development of Việt Nam's social sciences sector and bringing Việt Nam's capabilities up to par with other foreign countries, he said. The PM asked the academy to release highly reliable estimates and use scientific research results in addressing the wealth gap, family issues and ethics in a market economy, among others. The academy should also streamline its apparatus, adopt advanced governance mechanisms to attract talent and expand international co-operation, he said. Consideration should be given to the economic and geographical characteristics of each locality to build proper policies, thus contributing more effectively to poverty reduction and national development, he said, adding that amidst the ongoing globalisation process, it was necessary to collect highly persuasive scientific evidence that would ensure legal foundations for safeguarding national sovereignty. As 2016 is the first year that Việt Nam has…... [read more]

Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc urged the Vietnam Academy of Social Sciences (VASS) to become a trustworthy address to solve social concerns during a conference in Hanoi on December 27 to launch its 2017 tasks. Speaking at the event, Phuc said the Party and State have continually prioritised resources for VASS’s research activities over the past 63 years, both in infrastructure and personnel. He lauded the VASS for conducting a number of important studies to offer policy recommendations to the Party and government, especially those regarding the fields of socio-economy, culture, politics, national defence-security. As an independent social science consultant to the Party and government, the VASS is tasked with promoting the development of Vietnam’s social sciences, making due contributions to the human intellectual treasure and bring Vietnam’s science on par with other foreign countries’, he said. On development orientations, the PM required the VASS to release highly reliable estimates and use scientific research results to solve wealth gap, family issues and ethics in market economy, among others. The academy was also requested to streamline apparatus, adopt advanced governance mechanism to attract talents and expand international cooperation. Consideration should be taken into economic and geographical characteristics of each locality to build proper policies, contributing to poverty reduction and economic development, he said, adding that amid the globalisation, it is necessary to collect highly persuasive scientific evidence which lay legal foundation for the safeguard of national sovereignty. As 2016 is the first year that Vietnam has recorded more…... [read more]



Link http://news.c10mt.com/search/label/vietnambreakingnews and http://news.c10mt.com