Detailed data shows new enterprises stood at 76,233, up 13.6%, while the number of companies resuming operation rose 55.6% to 40,667. Although the number of companies suspending or ending their operations is still rising, the net number of enterprises entering the market is still reaching 5,600 on average each month, which is also the highest rate in history.

An agricultural firm in Lam Dong Province.

It is worth mentioning that the reopening of tourism has helped the number of new enterprises in the sector increase by a double-digit figure, creating many new jobs after a long period of job cuts.

Such impressive figures reflect the restored confidence of the business community after two years of being severely hit by Covid-19, but major difficulties remain, namely rising fuel costs and a limited supply of input materials, which are causing disruptions to production.

The circulation of goods in some markets has yet to return to normal, resulting in shortages of food, medicine, fertilisers, medical equipment and so on in the global supply chain, which in turn raises the manufacturing costs in many sectors.

Many sectors are still struggling to attract investment while the progress of some public-funded projects remains slow. Worker training and recruitment are also facing difficulties, especially the shortage of highly skilled workers.

While the Government’s economic recovery and development programme has produced a positive effect, the loan package for enterprises, household businesses and cooperatives is being implemented at a slow pace.

That the Vietnamese economy rose by a higher-than-expected rate of 7.7% in the second quarter and 6.42% in the first six months of 2022 was partly thanks to the contribution of the business community. When enterprises recover their business, it means higher government revenue, more jobs and improved incomes.

Vietnamese enterprises were resilient during the pandemic and are now regaining energy for growth again. At this pivotal moment, timely measures to remove difficulties in their operations and enhance their access to capital and market will accelerate their recovery. It is also the fulcrum for the Vietnamese economy to recover.

Vietnam’s job market maintains recovery momentum

The number of Vietnamese people aged 15 and above with employment was estimated at 50.3 million in the first six months of 2022, up 417,000 over the same period last year.

Vietnam up 48 places in Covid-19 recovery index

Vietnam jumped 48 spots to claim the 14th place in the Covid-19 Recovery Index by Nikkei Asia in May 2022. Vietnam is the first country in Southeast Asia to exempt foreign tourists from all testing, vaccination and quarantine requirements.

Routes Asia 2022 helps Da Nang promote tourism development, economic recovery

The 16th Asian route development forum (Routes Asia 2022) was a success, providing a great database for its host - the central city of Da Nang, to promote its tourism to countries around the world, stated Vice Chairman of the city People’s Committee Tran Phuoc Son at a meeting to review the event on June 16.

Vietnam’s economic recovery remains strong despite global uncertainties: WB

The World Bank (WB) released the June edition of its monthly Vietnam Macro Monitoring on June 13, highlighting that the economic recovery remained strong despite heightened global uncertainties.

Building stable labour supply chain a key solution to post-pandemic recovery

Building stable labour supply chains with labourers put at the centre of all policies and emphasis laid on ensuring income and social security is one of the solutions to post-pandemic economic recovery, heard a seminar in the framework of the 4th Vietnam Economic Forum held in Ho Chi Minh City on June 5.

Source: NDO