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HAIPHONG: OPTIMISTIC BUNISESS OUTLOOK
03/01/2020 - 08:44

HAIPHONG: OPTIMISTIC BUNISESS OUTLOOK

In 2018, Haiphong has nearly 2,900 enterprises registering for new establishment with the total registered capital of VND 21,811 billion. The average registered capital for a single enterprise reached VND 7.54 billion. The number of newly founded branches and representative offices, business kiosks in 2019 is 1,500.

Surveys taken on 177 enterprises in the city area in the locations of processing and manufacturing industries showed that 75.7% of businesses see better production and business status in the fourth quarter of 2019 over the third quarter and remained stable, 24.3% enterprises stated to find bigger obstacles. Among the factors most impacting the production and business activities in the fourth quarter of 2019, 43.5% enterprises asserted the high competitiveness of locally-made products are the most affecting element; 39.55% enterprises could not recruit enough laborers as for their requirements; more than 36% indicated the low demand of domestic market; nearly 21.5% enterprises blamed on the financial difficulties./.

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