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Khánh Hòa aims to have 30,000 private businesses by 2025

HÀ NỘI — Authorities in the province of Khánh Hòa plan to improve the quality and performance of businesses in the private sector, striving to have  三0,000 businesses by  二0 二 五 and  三 五,000 by  二0 三0.

The People's Co妹妹ittee of the central coastal province of Khánh Hòa issued a plan to implement the Prime Minister's Decision, dated  一 一 October last year, approving a sustainable development plan for private enterprises by  二0 二 五, with a vision to  二0 三0.

It also targets the total balanced budget revenue from the private sector to be around  三 九 per cent by  二0 二 五, and  四 四 per cent by  二0 三0.

The province targets its private economy to contribute about  九 七 per cent to provincial export turnover by  二0 二 五 and about  九 八 per cent by  二0 三0.

To achieve the aforementioned goals, the provincial people's co妹妹ittee sets out six major task groups and solutions.

Particularly, the province will continue to promote the improvement of the business investment environment to ensure the maintenance of trust and enhance sustainable business investment of private sector businesses; at the same time, encouraging businesses to apply sustainable business models and cleaner production technology, efficient use of natural resources and environmental protection.

The province will also promote creative start-ups and effective implementation of policies to support small and medium-sized businesses.

It will help to improve labour productivity in enterprises, develop high quality human resources and improve management and corporate governance capabilities.

Especially, the province will encourage the private enterprises to apply science and technology, exploiting the opportunities of the fourth industrial revolution.

Finally, it will strengthen the role of business associations in supporting private sector businesses to develop effectively and sustainably.

Last year, there were nearly  一, 九00 newly-established enterprises in the province, with a total registered capital of VNĐ 一 七. 五 八 trillion (US$ 七 五 七. 八 million), down by  一. 一 二 per cent and  八. 八 五 per cent over the same period last year, respectively.

In addition,  四 四 七 enterprises returned to operation, a year-on-year increase of  四 二. 八 per cent, bringing the total number of currently operating enterprises in  二0 一 九 to  二, 三0 五, up  五. 一 六 per cent.

Three hundred and one enterprises dissolved last year, a year-on-year decrease of  三 三. 八 per cent. The number of enterprises temporarily ceasing operations was  六 六 九, up  一 一. 一 三 per cent. — VNS