HCM City: Individually owned business more than double

Ho Chi Minh City has received more than 80 percent of questionnaires from enterprises, the highest rate in recent years, after four months of gathering data for the first phase of the 2017 economic census.
HCM City: Individually owned business more than double ảnh 1Illustrative image. Source: VNA
HCM City (VNA) - Ho Chi Minh City has received morethan 80 percent of questionnaires from enterprises, the highest rate in recentyears, after four months of gathering data for the first phase of the 2017economic census.

The first phase, conducted from March 1 to May 30, surveyedproduction and business establishments, administrative offices, branches andrepresentative offices of foreign enterprises, and foreign non-governmentalorganisations.

Collected data showed a significant increase in the number ofindividually-owned and household businesses, with a combined total of more than448,000, compared to 200,000 listed in a report from the city’s TaxationDepartment and Department of Planning and Investment.

The increase in number was attributed to room rental servicesoffered by individual households.

Le Thanh Liem, Vice Chairman of the municipal People’s Committee,said taxation and statistics agencies would be asked to review these figures asindividual and household businesses play a significant role in economicdevelopment and must be better managed by local authorities.

As of the end of 2016, the city had 196,500 businesses. Of thenumber, 160,560 were still operating and 20,400 had closed, the census found.

Nearly 14,050 businesses were waiting to be dissolved and 1,620could not be located, city officials said at a meeting last week to review thefirst phase of the census.

A representative from the city’s Statistics Office saidinformation would be collected about production and trading activities in 2016as part of an investigation of active businesses. The department also plannedto investigate businesses that had halted operations.

Though 115,000 businesses registered to open in early 2017,taxation and statistics agencies have not been able to locate them.

The city’s Steering Committee for the Economic Census 2017 hasasked the city to verify the existence of these businesses.

As of July 24, the city’s People’s Committee had sentquestionnaires to 173,590 enterprises and collected 141,480, accounting for81.5 percent, higher than the average of 72-75 percent in previous years.

Though the rate of return of the questionnaires was higher thisyear, some districts said that many enterprises were uncooperative.

The statistics office in district 9, for example, said that only4,000 of more than 5,000 invited enterprises had taken part in training for thecensus.

The head of the statistics office said the number of returnedquestionnaires was small, even though local authorities had sent people tocollect the documents at enterprises’ premises.

“Many enterprises did not return the questionnaires despite beingreminded several times,” the head of the statistics office said. “In somecases, directors of the enterprises signed the questionnaires without fillingin any information.”

Representatives from district 2 and Tan Binh and Binh Thanhdistricts also complained, saying that the attitude of enterprises had hindereddata collection.

District 1, which has the highest number of enterprises in thecity, reported only 77 percent of returned questionnaires.

It found that 3,100 enterprises were located at differentaddresses from the ones initially registered with the city.

“There are more than 2,550 enterprises we cannot locate. This is abig problem. We weren’t aware of this until we began the census,” arepresentative from District 1 said.

Liem said that it was necessary to have better and more completeanswers on the questionnaires, and if standards were not met, the enterprisesmust redo them.

“Only by doing this can data be correct and reflect the realsituation of the city’s economy,” he added.

The economic census, which is carried out in two phases, helpsofficials assess socio-economic development and assists the Party and State increating development policies.

The census includes information about economic establishments,labourers’ incomes, production and business activities, and enterprises’technological applications and their access to loans.

During the second phase, from July 1-30, information was collectedfrom religious and belief establishments, and individual non-agricultural,fishery and forestry business and production establishments.

Preliminary data will be released in December 2017, while theofficial results will be announced in the third quarter of 2018.-VNA
VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.