Tin mới
Registered business capital down by 50% (27/03)
06/08/2010 - 23 Lượt xem
The latest report by the Ministry of Planning and Investment showed that the global economic recession has been telling on Vietnamese businesses.
The number of newly registered businesses and newly registered capital volume in the first three months of the year decreased drastically over the same period of the last year. In Q1, the newly registered capital decreased by a half, just equal to 46.2% over the same period of the last year. The number of newly registered businesses also dropped by 3.2%.
As such, it is estimated that in the first three months of the year, Vietnam had 15,600 newly registered businesses which have the registered capital of VD 77.4 trillion.
The sharp decreases of the number of new businesses and registered capital have been attributed to the sharp fall of the production and commodity sales over the last while.
In the domestic market, industrial products like cement and steel are still selling very slowly despite the sharp price falls. A lot of enterprises have been keeping production at moderate level, like the production of paper (down by 39.2%), cotton fabrics (down by 38.2%), fertilizer (down by 22.1%), and refined vegetable oil 14.5%.
As for export, most of key export items have seen clear decreases. The exports of electric wire and cable decreased by 45.3%, woodwork down by 22.9%, porcelain by 19.9%, footwear by 10.8%, and seafood by 10.4%.
In such circumstances, many enterprises have to cut down production and labour force. The industrial production value in the first three months of the year reached VND 152.9 trillion, just higher by 2.1% over the same period of the last year.
A noteworthy thing is that while the state owned sector has minus growth rate (-3.2%), the foreign invested sector increased by only 2.9%, the private sector proves to be the most dynamic sector with the growth rate of 5%.
Source: Vietnamnet
