Enterprises, workers in non-State, FDI sectors rise rapidly

The number of enterprises and employees working in the non-State and FDI sectors increased rapidly, whereas that of the State sector fell markedly.
Enterprises, workers in non-State, FDI sectors rise rapidly ảnh 1Workers manufacture mechanical gear at Japanese-invested RK Engineering Co in Dinh Vu Industrial Zone in the northern port city of Hai Phong (Photo: VNA)
Hanoi (VNS/VNA) - The number of enterprises andemployees working in the non-State and FDI sectors increased rapidly, whereasthat of the State sector fell markedly.

This is one of the contents of a survey conducted by the General StatisticsOffice, which has just been announced in the Publication of the 2021 EconomicCensus.

Accordingly, by type of enterprise, the non-State enterprise sectorconcentrated the most enterprises and employees as of December 31, 2020, with660,100 enterprises, accounting for 96.4% of the total number of enterprisesnationwide.

The sector attracted 8.6 million employees, accounting for 58.6% of the totalnumber of employees.

The FDI enterprise sector has the fastest growth rate in the number ofenterprises among the three industries. It accounts for an increasingly largeshare of the total number of jobs created in the enterprise sector.

The number of FDI enterprises is 22,200 enterprises, accounting for 3.3% of thetotal number of enterprises. It attracted 5.1 million employees, accounting for34.6%.

Due to the State's policy of equitisation and rearrangement, the State-ownedenterprise sector continuously decreased during this period, the total numberof State-owned enterprises was only 1,963 enterprises as of December 31, 2020,accounting for 0.3% of the total number of enterprises, a decrease of 26.3%compared to 2016.

The enterprises attracted 1 million employees, accounting for 6.8% of thelabour of the entire enterprise sector.

The General Statistics Office pointed out that non-State enterprises have thesame average labour size as small enterprises in terms of employees. Incontrast, State enterprises and FDI enterprises have the same average laboursize as large businesses.

In terms of the economic region, the number of businesses and workers isincreasing in the Red River Delta and the Southeast region, where the twolargest economic centres in the country are located, HCM City and Hanoi.

The Southeast region and the Red River Delta region clearly show their role asthe two largest economic centres in the country, always leading in the numberof enterprises and employees.

Accordingly, the Southeast region is the economic locomotive. This region hasthe most significant number of enterprises in the country, with 281,100enterprises as of December 31, 2020, accounting for 41.1% of the total numberof enterprises in the country.

The region attracts 5.4 million employees, accounting for 36.6% of the totalnumber of employees working in the enterprise.

The Red River Delta region is the second largest economic centre in the countrywith 216,800 enterprises, accounting for 31.7% of the total number ofenterprises in the country, attracting 4.9 million employees, accounting for33.2%.

Along with that, domestic and foreign investment capital into enterprisesmaintained a fast growth rate over the years, and the scale of enterprises wasexpanded mainly based on the development of capital factors instead of labourfactors.

The source of capital attracted to enterprises has grown rapidly over theyears, with the total capital used for production and business of the entireenterprise as of December 31, 2020, reaching VNĐ48.7 quadrillion (US$2trillion), a year-on-year growth of 12.3%.

In the 2016-20 period, the attracted capital reached an average of 38.4quadrillion VND per year on average, with the average growth rate reaching 14.8%per year, an increase of 104.1% compared to the 2011-2015 period.

The growth rate of capital is always higher than the growth rate of the numberof employees, showing that the average labour size of enterprises tends toshrink, but the average size of the capital of enterprises tends to expand.

"This reflects businesses that expand their scale mainly based on capitalgrowth instead of labour growth; at the same time, it shows that Vietnam is apotential market to attract investment capital, which is a premise to promoteresources for in-depth economic growth", said General Director of GeneralStatistics Office Nguyen Thi Huong.

In addition, the capital structure among different types of enterprises changesin the direction of gradually increasing the proportion of capital sources ofnon-State enterprises and FDI enterprises and progressively reducing theproportion of capital sources of State enterprises. Non-State enterprisesattract the most capital sources.

The leader of the General Statistics Office said that the Prime Ministercarried out the economic census according to Decision No 307/QĐ-TTg datedFebruary 27, 2020.

This is one of three censuses conducted by the statistics authorities to helpthe Party and State get an overall economic picture of the country; serving thestrategic consulting work of ministries, branches and localities; and graspingthe current situation of the economy, and of each industry and locality inparticular./.
VNA

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