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10,000 businesses resume operation
The number of newly-established companies in January-July period increased by 8.4 percent, while many enterprises which temporarily ceased operation resumed their activities, according to the Ministry of Planning and Investment.
Reporting on the development of enterprises in the Government regular meeting in July, the Minister of Planning and Investment Bui Quang Vinh said, the number of shut-up businesses still rose, but the momentum was decreasing. About 10,000 firms were revived in the past seven months.
According to Vinh, the solutions to help businesses overcome difficulties gradually took effect and helped strengthen the confidence of investors. However, the registered capital of newly established enterprises tended to decrease due to the difficulties of the economy and the ability to mobilize capital of investors.
The consumer price index (CPI) rose by 0.27 percent in July and 2.68 percent compared to last December – the lowest rate over the same period of 2004-2011. In July, transportation group increased at the highest level, followed by housing and construction materials. Food is the only group decreased in the basket of goods, fell by 0.3 percent while the food group – after 4 months of continuous decline – rebounded by 0.18 percent.
According to the ministry, over the same period last year, CPI in 2013 was still high, CPI in July 2013 increased by 7.29 percent, and 6.81 percent on average for the past seven months.
Meanwhile, the Financial Supervisory Commission said that the growth rate of the CPI in July compared to June (0.27 percent) was still lower than the permitted level (average of 0.76 percent). “With that CPI trend, combining the world price factor which is expected to not strongly fluctuate, inflation control plan for 2013 has certain advantages,” the commission commented.
Earlier, the World Bank predicted that inflation of Vietnam in 2013 may be higher than expected, about 8.2 percent.