nsec symposium (presentation iv 07 vie nsec private sector dev)
TRANSCRIPT
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Status of Private SectorDevelopment in NSEC
Dr. Luong Minh Huan
Enterprise Development Institute (EDF)Vietnam Chamber of Commerce and Industry (VCCI)
NSEC SYMPOSIUM
Yunnan, 19-20/05/2011
Number of private enterprises
5324
2899
2283
43481
66819
0
10000
20000
30000
40000
50000
60000
70000
0
1000
2000
3000
4000
5000
6000
7000
2005 2006 2007 2008 2009
Hi Phng H i D ng Bc Ninh B c Giang Qu ng NinhPh Th V nh Phc Hng Yn Lo Cai Yn BiLng S n H N i NSEC
Unit: Enterprise
2
The views expressed in this paper/presentation are the views of the author and do not necessarily reflect the views or policies of the Asian Development Bank (ADB), or its Board of Governors, or the governments they represent. ADB doesnot guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequence of their use. Terminology used may not necessarily be consistent with ADB official terms.
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Role of private sector in NSEC
93.3 94.2 94.6 95.8 95.9
39.345.4
54.4 56.1 54.0
12.7 16.1
30.3 29.325.1
30.0
33.0
43.649.2 38.8
0
10
20
30
40
50
60
70
80
90100
2005 2006 2007 2008 2009
Ttr ng vdoanh nghi p Ttr ng vlao ngTtr ng vti sn Ttr ng vdoanh thu
3
Role of private sector in NSEC in 2009
0
10
20
30
40
50
60
70
80
90
100 96 95 95 92 9496 95 96 95 95 94 94 96
54
74 76 74
31
67
53 52
68
4855
70
54
T tr ng vdoanh nghi p T tr ng lao ng4
%
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Role of private sector in NSEC in 2009
0
10
20
30
40
50
60
70
80
90
22
5750
63
37
64
50
41
64
3642
75
25
34
62
71
84
28
69
58
22
64
5158
74
39
T tr ng vti sn T tr ng vdoanh thu 5
%
Average labor size in the private sector in NSEC
6
Labour
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Average labor size by province by ownership in2009
SOEs Private Sector FDI
H Ni 794 19 152
Lo Cai 268 30 53
Yn Bi 185 25 25
Lng S n 126 23 55Qung Ninh 1248 29 293
Bc Giang 191 20 330
Ph Th 315 28 626
V nh Phc 222 22 523Bc Ninh 462 25 208
Hi D ng 428 26 529Hi Phng 535 31 321
Hng Yn 174 43 300
NSEC 688 22 243
Unit: Labourer
7
Distribution of private enterprises by labor size
in 2009
Labour Size
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Average capital of private enterprises in NSEC
VND Bil.
9
Average capital of enterprises by ownership
in 2009
SOEs Private Sector FDI
H Ni 3239 16 188
Lo Cai 140 8 37
Yn Bi 103 5 21
Lng S n 50 6 24Qung Ninh 366 11 148
Bc Giang 106 4 45
Ph Th 193 7 95
V nh Phc92 8 313
Bc Ninh 141 11 123
Hi D ng 554 8 154Hi Phng 409 11 149
Hng Yn 145 18 87
NSEC 2048 14 165
Unit: VND Bil
10
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Distribution of private enterprises by capitalin 2009
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Labor income in private enterprises in NSEC
13
Unit: VND Mil.Labourers Average Income
Capacity of labor use in private enterprises in
NSEC
14
Average return on labor
Unit: VND Mil.
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Capacity of labor use in private enterprises inNSEC
15
Ln
Financial capacity of private enterprises in NSEC
16
Ln
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Financial capacity of private enterprises in NSEC
17
Ln
Capacity of capital use by private enterprises
in NSEC
18
Ln
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Profitability of private enterprises in NSEC
Percentage of Loss Making Enterprise
19
%
Profitability of private enterprises in NSEC
20
%
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Profitability of private enterprises in NSEC
21
%
Conclusions
Rapid growth (in number and proportion) of the private sector in NSEC:
30,682 enterprises (93,3%) in 200566,819 enterprises (95,9%) in 2009
Private enterprises in NSEC absorb about 54% of totalemployment by the corporate sector.
Small labor and asset size of private sector in NSEC, withgradual increase in capital size.
Compared with SOEs and FDI companies: weaker labor productivity and profitability, but better use of capital.
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Recommendations
For central governments of respective countries along NSEC:countries need to closely collaborate to create an enabling businessenvironment
Introduce suitable policies and regulations on : Streamlining of customs procedures: single-window clearance
mechanism Person and goods transport in NSEC: GMS Visa Taxes and user charges for goods and cross border vehicles: one-price
mechanism for all countries in NSEC. Control and prevention of trade frauds: fake goods, smuggled, forbidden
goods
Develop infrastructure : transportation, utilities, etc.
Policies and regulations have to be clear and consistent among NSEC countries,develop equal cooperation mechanism with the win-win solution in NSECdevelopment. 23
Recommendations
For organizations supporting NSEC development: continue tosupport governments, enterprise associations/organizations in:
Facilitating the development of private economic sector: enterpriseincubator and enterprise starting programs
Organize training courses to enhance capacity for privateenterprises: management capacity, negotiation skills, business
planning, market researching, etc.
Establish funds to support and encourage enterprises to innovate and
apply advanced technologies to enhance productivity.Encourage the establishment of financial support models for privateenterprises such as: Venture Investment Fund, Pioneeering Fund(Challenge Fund), SME Development Fund.
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Thank you for your attention!
ENTERPRISE DEVELOPMENT INSTITUTEVIETNAM CHAMBER OF COMMERCE AND INDUSTRY
No.9, Dao Duy Anh str., Hanoi.
Tel: 84-4-35771076. Fax: 84-4-35744031Website: www.vcci.com.vn