Vietnam saw 126,859 new enterprises established with a total registered capital of 1,295.9 trillion VND (57 billion USD) in 2017, up 15.2 percent in number and 45.5 percent in capital year-on-year.
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
Vietnam’s stock market and fund certificate value reached 3.36 quadrillion VND (148.17 billion USD) in 2017, equivalent to 74.6 percent of the country’s GDP.
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Vietnam Airlines is pursuing an Environmental, Social, and Governance (ESG) roadmap to reduce emissions, improve fuel efficiency, and adopt sustainable aviation fuels. It is also investing in workforce development, corporate culture, and international management practices.
Thailand's largest retailer, Central Retail Corporation (CRC), will invest over 45 billion THB (1.38 billion USD) through 2027 to expand mainstream markets and accelerate growth across Southeast Asia, including Thailand and Vietnam.
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The arrival of this first wind power equipment shipment signalled the Trung Nam Ca Na seaport’s infrastructure readiness and its entry into a new phase of development, aligned with Vietnam’s adjusted National Power Development Plan VIII.
PM Pham Minh Chinh has called on global tech giants to bolster cooperation with Vietnam to assist with the country's efforts to drive a startup and innovation ecosystem.
Prime Minister Pham Minh Chinh had meetings with leaders from multinational corporations on June 25, advancing Vietnam’s infrastructure development as well as food processing sector, on the sideslines of the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in Tianjin city.
According to UOB, following the US’s announcement of reciprocal tariffs of 46% on Vietnamese goods on April 2, around 80% of Vietnamese businesses have proactively taken measures to respond to potential impacts.
As one of the most prestigious annual international events in the industry, the expo serves as a prime platform for enterprises to connect, exchange valuable experience, and explore reliable collaboration opportunities with both domestic and international companies.
Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.
The pangasius industry is one of the country’s key foreign currency earners, with an annual export value of around 2 billion USD, accounting for 20% of Vietnam’s total seafood exports. The US remains one of the largest and most strategic markets for Vietnamese pangasius.
A Government Office notice on the Deputy PM’s conclusions at a recent meeting to review construction progress of the plants stressed that accelerating the development of power sources is essential and urgent to ensure energy security and meet the demands of two-digit socio-economic growth in the coming period.
It featured four discussions on key issues such as the Vietnam- Switzerland comprehensive partnership, Vietnam’s international financial centre, digital transformation and innovation, and global human resources and expansion of markets.
126,859 new enterprises established in 2017 - Illustrative image (Source: VNA) 
