VNHNO - There were nearly 517,900 enterprises in Vietnam in 2017, up 51.6% from 2012, with 505,000 already in operation, generating revenues and paying taxes, according to a survey conducted by the General Statistics Office (GSO).
The survey results were announced on September 19 and show that the number of large businesses only accounts for a modest 1.9% of total enterprises while the rest are medium, small and ultra-small enterprises.
More than four in ten enterprises are based in the southeastern region, with Ho Chi Minh City housing the largest number.
Net revenues of enterprises in 2016 rose by 71.6% from five years earlier
According to the GSO, the state-owned enterprises account for just 0.5% but their capital makes up 28.4% of total capital. The average capital for an enterprise in 2016 was VND51.6 billion (US$2.2 million) up VND5.8 billion compared with 2011.
Net revenues of enterprises in 2016 reached over VND17,858 trillion (US$767.9 billion), up 71.6% from five years earlier.
Foreign-invested enterprises posted the strongest net revenue growth at 134.5% over the 2011-2016 period.
This sector also recorded the largest return on assets (ROA) at 6.9%, compared with 2.6% and 1.4% seen in state-owned enterprises and domestic private enterprises respectively.
The ROAs for industrial production, agriculture and services were 4.8%, 2.0% and 1.6% respectively./.
