Enterprises contributed a total of VND746.4 trillion (US$32.84 billion) to the State budget in 2015 with an average of VND1.7 billion (US$74.800) per enterprise, which was a very small number, showing low efficiency and profits of enterprises, said Pham Dinh Thuy, head of the General Statistics Office (GSO)'s Industrial Statistics Department.
He made the remarks at a meeting in Hanoi, on April 11, which was jointly held by the National Steering Committee for Enterprise Reform and Development in co-ordination with the General Statistics Office and the Vietnam Chamber of Commerce and Industry.
The meeting was organised to announce some key indicators reflecting the development of enterprises in centrally-run provinces and cities in 2016.
According to the report, there were 477,808 enterprises operating in the whole country in 2016, an increase of 8% compared to 2015 (excluding registered enterprises, not yet in operation, and enterprises that stopped working).
Ho Chi Minh City and Hanoi posted the highest number of enterprises, accounting for over 50% of the total number of enterprises nationwide. Of which, Ho Chi Minh City accounted for 33.6% and Hanoi accounted for 23.1%.
The year 2016 also reported a record high in the number of newly-established enterprises at 110,000 enterprises, up 16.2% over the previous year.
The modest figure in the average annual contribution to the State budget was also one of the reasons explaining why the GDP growth in the first quarter of 2017 remained low at 5.1%, despite a record high in the number of newly-established enterprises in 2016.
At the announcement of the consumer price index (CPI) in the first quarter of 2017, in late March, Pham Dinh Thuy also affirmed that although the number of newly established enterprises increased, they were mainly small and micro enterprises.
GSO General Director Nguyen Bich Lam also pointed out that out of the 110,000 newly-established enterprises in 2016, 98,757 enterprises began operation, accounting for 89.7%.
Of which, 35.4% of enterprises are operating in the wholesale and retail trade and automobiles and motorcycle repair; and only 13.72% of enterprises are operating in the manufacturing and processing sector, resulting in modest contributions to the economic growth.
Source: Nhan Dan
Key words: Enterprises, contribute, an average, VND1.7 billion per year, to budget
