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First White Book on Vietnamese businesses set for release

Released at: 17:07, 11/07/2019

First White Book on Vietnamese businesses set for release

Photo: VGP

White Book to be published on MPI and GSO websites on July 22 with a paper copy to follow on August 1.

by Nghi Do

The first White Book on Vietnamese businesses will be published soon by the Ministry of Planning and Investment.

Speaking at a ceremony on July 10 in Hanoi, Deputy Prime Minister Vuong Dinh Hue said agencies previously only announced the number of businesses around the country in general, not detailed to each locality, each field, and different data. Three important indicators are included in the White Paper: the number, speed of development, and the quality of enterprises in each locality.

He believes the government possesses an honest, comprehensive, complete, and orthodox picture of enterprise development for policy makers, managers, and domestic and foreign researchers to refer.

The edition contains four sections: the context of business development in 2018; an overview of Vietnamese businesses’ development in 2018 and the 2016-2018 period; solutions for business development; and a set of standards for evaluating business development in 2018 and the 2016-2018 period.

The book is scheduled to be published on the websites of the Ministry and the General Statistics Office on July 22 while a print version will be released on August 1.

As at December 31, 2018, there were 714,000 businesses operating in Vietnam. In the ranking of enterprises’ development level, the top ranks were held by Ho Chi Minh City, with 228,267 enterprises, and Hanoi with 143,119 enterprises, followed by Binh Duong, Dong Nai, Da Nang, Nghe An, Thanh Hoa, and Bac Ninh.

In the last group, most enterprises are in northern mountainous provinces and some cities and provinces in the central highlands and the Mekong Delta, but few are operating (from 600 to 2,000 businesses in each province).

Given the problem that cities and provinces with few businesses cannot compare with Hanoi or Ho Chi Minh City, Deputy Prime Minister Hue said that the growth rate of business numbers would better reflect the level of interest by the local government. Provinces such as Soc Trang ranked 47th in the number of businesses in 2018 but second in growth of numbers compared to 2017. Bac Lieu’s number of enterprises ranked 53rd but it was seventh in growth. Ho Chi Minh City, meanwhile, ranked 18th in growth and Hanoi 41st.

The Deputy Prime Minister asked ministries and central branches to use the White Paper every year as the main source of information to serve strategic planning research in their field, appreciate enterprise development properly and strongly, and propose development policies with the goal of having 1 million enterprises operating effectively in 2020.

For localities, in addition to providing information to relevant agencies, they must also respond to making the book more complete. Localities with low rankings must seriously consider and identify causes and propose support solutions to resolve difficulties facing business development, contributing to growth in the locality and the country as a whole.

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