The number of newly established enterprises in the first ten months this year has reached over 63,900, decreasing 5 percent over the same period in 2010 with registered capital estimated at 397 trillion dong, the Ministry of Planning and Investment (MPI) announced at the government’s regular press conference held in November 4 afternoon.
According to MPI, within 10 months of this year, there were 6,100 enterprises filed documents to be dissolved, equal to 1.1 percent of valid businesses.
Speaking at the press conference, minister of the government Office Vu Duc Dam said, at present enterprises’ accessing capital sources is still very difficult. The difficulty is located in interest rates with current strict regulations.
Commercial banks have limited lending, while lending standards have been increased. Many customers are trying to offer higher quality loans.
According to Dam, the problem is that the number of newly established firms decreased from the previous year, but the inventories remain large, indicating the slowdown in business production.
Next time, the government will continue to remain its efforts to remove difficulties for enterprises, to support them to have easier access to capital sources.
The country’s index of industrial production (IIP) in October was estimated to increase 5.2 percent over the previous month. generally, in the first 10 months of 2011, IIP rose 7 percent over the same period in 2010, in which the processing industry increased 10.2 percent, production and distribution of electricity, gas and water rose 9.4 percent.