48% of enterprises in Vietnam reporting losses: White paper
The private sector made up 97% of total enterprises nationwide reporting business results as of end-2018, with 43.7% of the sector generating profits and 48.6% suffering losses.
The private sector made up 97% of total enterprises nationwide reporting business results as of end-2018, with 43.7% of the sector generating profits and 48.6% suffering losses.
Despite growing difficulties from the Covid-19 pandemic, there remain opportunities for enterprises to thrive.
The FDI sector posted exports of US$26.2 billion in the January – February period, up 5% year-on-year and accounting for 67% of Vietnam’s exports.
Statistical data remain objective, accurate and in compliance with laws, said Prime Minister Nguyen Xuan Phuc.
In 2019, the country’s trade turnover is estimated at US$516.96 billion, and the trade surplus would reach an all-time high of US$9.9 billion.
After revision, Vietnam’s GDP grew an average of 25.4% annually in the 2010 – 2017 period, in which 2011 recorded the highest growth rate of 27.3%.
In the fourth quarter of 2019, demand for pork in Vietnam is estimated at 600,000 tons, while supply is over 400,000, indicating a shortage of 200,000 tons.