Processing, manufacturing firms expect better business in 2018 Q1
Up to 48.2% of the processing and manufacturing enterprises joining in a survey of the General Statistics Office (GSO) said business activities in the first quarter of 2018 will be better.
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| Automobike frame manufacturing in THACO factory in Chu Lai industrial park, Nui Thanh district, Quang Nam |
Together with nearly VND1.87 quadrillion (US$82.46 billion) of additional capital of 35,000 operating enterprises, total capital pumped to the economy in 2017 was VND3.16 quadrillion (US$139.3 billion).
At the same time, 26,448 enterprises resumed their operation, down 0.9% year on year, raising total operating firms to 153,300.
The retail and wholesale sector drew the largest number of new businesses with 45,400 firms, followed by the processing and manufacturing sector with 16,000 enterprises and construction with 16,000 firms. Science, technology, consultation services, design, advertisement and other sectors also saw 9,400 new enterprises.
Increase in the number of newly-established businesses was recorded in all regions, leading by the southeast region with 53,700 firms, up 14%.
However, in 2017, 60,553 businesses halted their operation, a fall of 0.2% year on year. 12,113 others were dissolved during the year.
