To hold on to a belief

Over the first 7 months of 2021, Binh Duong had 3,624 newly established enterprises with a registered capital of 26,283 billion VND, an increase of 7.9% in the number of enterprises and an increase of 28.8% in the registered capital compared to the same period in 2020. According to Business Registration Office of provincial Department of Planning and Investment, over the first 7 months of 2021, the number of newly established enterprises and the amount of registered capital still increased, showing the desire to start a business despite the heavy influence of the Covid-19. Notably, provincial localities hardest hit by the 4th outbreak of Covid-19 still had an increase in the number of businesses entering the market compared to the same period last year, such as Thuan An City had the highest number of newly established enterprises with 768 enterprises and registered capital of 5,872 billion VND. Next is Thu Dau Mot City with 760 enterprises and registered capital of VND 6,953 billion; Tan Uyen town had 688 enterprises and capital of 3,198 billion VND and Di An city with 608 enterprises and capital of 3,774 billion VND…

Although the pandemic has been growing, with the vaccination target and growth potential of the market, the results of business trends investigation in the third quarter of 2021 were evaluated positively, when there were 88.96% of enterprises affirmed that their production and business activities in the third quarter of 2021 were better and more stable than the second quarter of 2021. In which, 39.51% of enterprises assessed that the trend would be better; 49.45% of enterprises supposed that the situation of production and business would be stable and 11.04% of enterprises predicted that there would be more difficulties. It can be affirmed that this is a good sign that expresses the belief of local business community in the implementation of "dual goal"; at the same time, it is a positive sign about the development prospects of enterprises in the coming time.

In order to support businesses to overcome difficulties in the coming time, businesses proposed that the Government continue to lower lending rates and relax loan conditions so that businesses could have easier access to capital sources from commercial banks. Banks extend debts and continue lending to businesses to maintain business operations and be able to repay; adjust and manage the price of input products (gasoline, electricity, gas, coal...) to minimize fluctuations in input costs of enterprises; to step up trade promotion activities in line with the complicated situation of the epidemic.

The number of companies entering or leaving the market is a measure of the "health" of the economy. While enterprises are facing many difficulties and challenges, with the drastic direction of all government levels, branches and localities to create favorable conditions to develop safe production, circulation and distribution of goods. With the determination of the whole province, the "dual goal" is persistently implemented, this is the way to turn difficulties and challenges into opportunities for more sustainable development.

Reported by Triet Nhan - Translated by Ngoc Huynh

• Vietnam treasures role of UNESCO: Foreign Minister (26/04)
• Enterprises want clearer regulations on seafood production (26/04)
• Socio-economic indicators increased over the same period (26/04)
• Connected traffic and upgraded urban areas (26/04)
• Impressions on the development journey (25/04)
• Ben Cat Town awards certificates of 12 typical rural industrial products in 2024 (25/04)
• Binh Duong Customs Department holds dialogue meeting with Korean businesses (25/04)
• Businesses concerned about rising exchange rate pressure (24/04)