Second half business performance survey

The Ministry of Planning and Investment reported that the economy continued to recover in the first few months of this year, with monthly prosperity better than the previous month. The growth rate in the first quarter reached nearly 5.7%, the highest in ASEAN. my country’s trade surplus exceeded US$8 billion in the first five months, with exports to major markets such as the United States, the European Union, and China all growing rapidly. Production and business activities continued to improve, and agricultural product exports maintained a strong growth momentum.

Since the beginning of this year, thanks to the efforts of the government, the production and operation activities and exports of enterprises have generally recovered well. However, according to the assessment of the Ministry of Planning and Investment, enterprises are still facing difficulties. In the first five months of this year, a total of 97,300 enterprises withdrew from the market, an increase of 10.5% year-on-year. In other words, an average of 19,500 enterprises closed down every month. This figure is only slightly lower than the 19,800 new registrations and resumptions of work per month since the beginning of the year.

Many enterprises and business operators in large cities have to transfer or return the rented sites in commercial centers and central streets. The competitive pressure on Vietnamese goods in domestic and international markets is increasing day by day.

Minister of Planning and Investment Nguyen Chi Dung recently said that domestic companies currently do not have enough strength to grow and develop and are unable to participate in the global supply chain together with FDI companies.

Nguyen Quoc Viet, deputy director of the Institute of Economics and Policy at Hanoi National University, pointed out that the business recovery was better in May and June, but the registered capital for setting up new enterprises is getting smaller and smaller. This shows that private investment is still limited and the growth recovery is unsustainable.

Experts believe that the government needs to have new solutions such as tax exemption, deferral and deferred collection of fees for enterprises. He also suggested expanding the beneficiaries of the export support credit program to encourage Vietnamese enterprises to participate in the global supply chain.

In order to help the government clearly understand the current situation and expectations of businesses and thus formulate effective economic support policies, the Private Economic Development Research Committee and VnExpress will continue to conduct surveys from now until July 7. Your business’s opinions will be summarized in the report and recommendations submitted to the Prime Minister.