Today: 28/10/2020 10:12:48 (GMT+7)

Vietnam has highest rate of SMEs in Southeast Asia with expansion plans

Fifty two percent of small and medium-sized enterprises in Vietnam have investment plans this year regardless of Covid-19, the highest ratio in Southeast Asia, a survey has found.

The regional average is only 36 percent, according to the survey by Singapore’s United Overseas Bank, Irish professional services company Accenture and American market data and analytics firm Dun&Bradstreet.

Vietnam, highest rate, SMEs, Southeast Asia, expansion plans, small and medium-sized enterprises, investment plans

Workers manufacture masks at a factory in Hanoi.

In Vietnam, 63 percent of SMEs plan to invest in technology, 37 percent in machinery and plants and 49 percent in developing employees’ skills.

Forty six percent in Vietnam postponed growth plans due to the pandemic while 2 percent have no plans, the survey of 1,000 SMEs in five countries, Indonesia, Malaysia, Singapore, Thailand, and Vietnam, released late last week found.

Ninety percent of Vietnamese SMEs expect a fall in revenues this year due to the severe impact of the Covid-19 outbreak compared to 88 percent overall.

Vietnam had the highest satisfaction (68 percent) with the government’s measures to resolve the crisis, followed by Thailand (47 percent) and Indonesia (45 percent).

Fifty two percent of Vietnamese SMEs showed optimism about post Covid-19 economic recovery while 22 percent were pessimistic and the rest said they were not sure.

E-government must better serve people and businesses
A Prime Minister’s Working Group led by Minister - Chairman of the Government Office Mai Tien Dung worked with 10 ministries on the implementation of assigned tasks related to e-Government development and administrative procedure reform on August 10.
Bac Giang encourages business registration via online public service
(BGO) – According to the Department of Planning and Investment (DoPI) in the northern province of Bac Giang, the DoPI is communicating and encouraging the organization, citizens, investors and enterprises to conduct the business registration procedure via online network at the National Portal about Business at the website  https://dangkyquamang. 
Completing infrastructure, "paving the way" to welcome businesses
(BGĐT) – Tan Yen district of Bac Giang province is not a locality with strength in industry and not located near arterial roads but thanks to appropriate mechanisms and policies, the district’s industrial production has seen great developments, making significant contributions to the local socio-economic achievements.
Various activities to be held for ASEAN businesses this year
The Vietnam Business Summit 2020, themed “Digitalised Vietnam: Adaptability Towards Sustainable Development”, is to take place on November 12, a press conference in Hanoi on July 22 heard.
New businesses down in July but capital up sharply
The number of new enterprises in July fell by 3.8% from the previous month but registered capital soared by 72% in a sign that business support policies and post-coronavirus recovery plans have begun to take effect.

Source: VnExpress

Vietnam, highest rate, SMEs, Southeast Asia, expansion plans, small and medium-sized enterprises, investment plans
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