Vietnam unlikely to reach target of 1 million firms by 2020
Hanoi (VNA), Oct. 20 -- Vietnam is unlikely to reach its target of 1 million enterprises with efficient operation by 2020, according to a draft report recently issued by the Ministry of Planning and Investment (MPI).
The draft report, reviewing the implementation of the Government's Resolution 35/NQ-CP on supporting and developing enterprises in 2016-20, shows that in the five-year period, the Vietnamese private sector cannot achieve goals set for contribution to gross domestic product (GDP) and total social investment .
Five years ago, the ministry expected the private sector would contribute 48-49 percent to GDP by 2020, however, the rate is now about 43 percent.
In the period, the GDP growth rate of the private sector was not the hi...
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