Business sector makes largest contribution to economy

Indicator sets evaluating enterprise development make debut

As of December 31, 2017, the number of enterprises operating in service, industry and construction and agriculture-aquaculture-forestry sectors witnesses respective growths of 10.3%, 12.2% and 22.8% against the same period in 2016.

The information was released in the press conference on October 13 on the debut of the indicator set evaluating the level of development of national and local enterprises in 2017. 

In the 2010-2017 phase, the number of firms launching operation increased 10.5% per year; the number of laborers working at the business sector up 5.9% per year; the production capital up 15.4% per year, revenue up 15.6% per year, profit up 13.7% per year and contributions to the State budget up 12.4% per year. 

The number of newly-established enterprises in 2017 set a new record of 126,859 ones, up 15.2% against the previous year.

As of July 1, 2018, as many as 702,710 enterprises are controlled under the tax management of the General Department of Taxation. 

As of December 31, 2017, the number of State firms decreased 6.6% compared to 2016 while the number of non-State ones and FDI ones sees respective increases of 10.9% and 15.5%.

In 2017, the total number of laborers working at the business sector reached 14.51 million, up 3.6% against 2016. The total capital for production attained VND33,000 trillion, up 17.5%. The total revenue obtained VND20,660 trillion, up 18.5%. 

Total profit before tax of the corporate sector in 2017 reached VND876.7 trillion, up 23.1%. Contribution to the state budget hit VND954.1 trillion, up 10.8%.

By Thuy Dung