126,859 new enterprises established in 2017 - Illustrative image (Source: VNA)Hanoi (VNA) – Vietnam saw 126,859 new enterprises established witha total registered capital of 1,295.9 trillion VND (57 billion USD) in 2017, up15.2 percent in number and 45.5 percent in capital year-on-year.
According to the General Statistics Office (GSO), 26,448enterprises resumed operation this year.
In the year, Vietnam’s export turnover reached 213.77billion USD, up 21.1 percent compared with that of the previous year – the highest-everincrease.
The domestic sector contributed 58.53 billion USD to the turnover, an increase of16.2 percent, while foreign-invested enterprises posted an import-exportturnover of 155.24 billion USD, up 23 percent year-on-year.
The GSO said that as of December 20, foreign investorsregistered nearly 36 billion USD of capital in new and existing projects andshare purchase. Disbursement is estimated at 17.5 billion USD, a year-on-yearrise of 10.8 percent – the highest-ever growth rate.
State budget collection is estimated at 1.14 quadrillion VND(50.16 billion USD), equal to 91.1 percent of yearly estimates, while budgetspending reached 1.21 quadrillion VND (53.24 billion USD).
The gross domestic product (GDP) growth in 2017 is estimatedto expand by 6.81 percent, surpassing the Government’s set target of 6.7percent.
GSO General Director Nguyen Bich Lam said that a big tradedeficit in services is causing a slow-down in GDP growth.
Therefore, he suggested the country focus on developingservices serving import-export activities such as transportation, insurance andfinancial services.
To achieve a GDP growth rate of 6.5-6.7 percent, consumerprice index of 4 percent, and a 7-to-8 percent increase in import-exportturnover in 2018, he said that ministries, sectors and localities shouldcontinue with institutional reform and business environment improvement.
Priority should be given to implementing measures toincrease labour productivity, developing manufacturing and processingindustries and producing more raw materials so as to reduce trade deficit.
Management agencies must strictly supervise the spending ofState budget, Lam stressed.-VNA
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