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Private enterprises in Vietnam regain momentum


Private enterprises in Vietnam regain momentum

Hanoi, Feb 17 (Prensa Latina) Private enterprises in Vietnam recovered again in January due to the creation of 13,000 new private companies during the country's flexible adaptation to the Covid-19 pandemic, the General Statistics Office reported today.
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This figure was 16 percent higher than in December of the previous year and 29 percent higher than in the same month of 2021, according to the entity.

The capital of the new companies totaled US$8.47 billion, almost a quarter more than profits of the previous year, it informed.

The relaxation of the confinement measures since the end of October 2021 has favoured the return of companies to economic and social life. More than 19,000 companies did so in January.

In the last decade, Vietnamese private firms have grown from 325,000 to almost 700,000 and their operations have more than tripled, while their contribution to the economy has grown to 40 percent of the Gross Domestic Product.

Vietnam aims to have 1.5 million private enterprises by 2030, fully sustainable and capable of employing 10 percent of workers.


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