Vietnam health-check small enterprises for support policies

The General Statistics Office is inspecting the effects of the Covid-19 pandemic on the operation of some five million small-scale enterprises nationwide in order to draft suitable support policies.

The General Statistics Office is inspecting the effects of the Covid-19 pandemic on the operation of some five million small-scale enterprises nationwide in order to draft suitable support policies.

  

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Nguyen Trung Tien, deputy head of the General Statistics Office, said, "We'll collect information from firms and co-operatives, associations, household businesses, about their business situation, digital economy, and specific products of industries and localities. Based on these results, we'll assess the economy and develop suitable development plans and support policies."

The economic census has been started at the start of July and will last the whole month.

In the first half of this year, over 70,200 enterprises had to suspend businesses or went bankrupt due to the Covid-19 pandemic. It's estimated that over 11,700 firms closed or suspended business every month. The fourth Covid-19 wave in Vietnam dealt a heavy blow to enterprises. After one and a half years of the pandemic, many firms were unable to maintain business.

This is the second phase of the census. The first phase was carried out in March.

Ha Minh Hai, head of the Census Steering Committee in Hanoi, said this year, technology has been applied widely to collect information. The initial results will be announced in December and detailed reports will be announced in February 2022.