Vietnam Expects Half A MillionNon-state Enterprises by 2010
As many as 500,000 non-state enterprises will have been set up in Vietnam by 2010 with the participation of giant finance, energy and garment & textile groups, according to the Vietnam Chamber Commerce and Industry (VCCI).
The chamber said Vietnam is currently home to some 200,000 non-state businesses which attract up to 90 per cent of the total number of local laborers and account for 27 per cent of the country’s combined social investment capital.
The economic sector has proved its more dynamic development than state-owned companies, which makes up 75 per cent the State’s fixed assets, 75 per cent of capital borrowed from foreign countries but yearly contributes just less than 50 per cent to the State Budget.
The non-state sector also holds 26 per cent of Vietnam's GDP growth and 31 per cent of the country's total industrial production value and 78 per cent of the country's total goods and service retail sales value each year.
Economy & Cooperation
Vietnamese
