The most difficult time

Mr. Le Tien Truong, Deputy General Director of Vietnam Textile and Garment Group (Vinatex), the information at this time every year, textile and apparel enterprises generally assured of orders in 2011 but the situation is different. In the U.S. market, averaging 15-17 people per year shirt shop, this year I only bought about 12. The amount of production in September fell compared to August, the negotiations also took place orders with a slower rate and this difficulty will affect your I/2012. The risk of bankruptcy due to lack of orders is available to small businesses.

According to Vinatex, 9 months, Vinatex has acquired two businesses in Hai Duong and Quang Ngai. Both the two firms have invested directly abroad, had time to make food. In particular, enterprises in Hai Duong scale 2,000 workers, was sold for $ 1 million to draw investors to the country. In May Dai Cat Tuong Company (Quang Ngai) is unable to repay bank assets were frozen Vinatex should be acquired through the Bank for Investment and Development of Vietnam for nearly 40 billion.

He said Le Tien Truong: The textile industry was a series of other bankrupt companies but not sold due to no longer operate. Many power companies in the maritime sector as President of the Vietnam Maritime Corporation (Vinalines), Shipping Corporation of Vietnam (Vosco) ... they are selling ships. Cargo yield falling in the higher costs incurred as the main reason that many shipping lines fall into a loss ...

Mr. Cao Sy Kiem, Chairman of Association of small and medium enterprises in Vietnam, said the company had never reflected difficult trading year.

48,700 businesses shut down

According to updated figures from early May through 9-2011 of the Ministry of Planning - Investment, there were 48,700 firms dissolved, stops working (including dissolution DN 5803, DN 11,421 31,477 decommissioned companies have stopped paying taxes but have not yet registered bankrupt), compared to the year 2010 has increased 21.8%. Meanwhile, the number of newly registered businesses fell 7.8% in volume and 4% of registered capital over the same period last year. According to the Ministry of Planning - Investment, cause bankruptcy or cease operations of the company is due to the high interest rates that businesses face many difficulties in maintaining production capital ...

Another difficulty is the expert noted that the inventory of businesses increased by reducing consumption. Vu Vinh Phu, Chairman of the Ha Noi Supermarket, according to the information agency, power consumption has dropped 30% over the same period last year. Inventory of the DN is also the largest number for many years, common at 20% - 60%, mainly plastics, wood, steel, cement ... Retail sales in 9 months to remove the price factor only increased 3.9% compared with 11% of the average of recent years.

In addition, the deployment of synchronous policies of the management body is also a blow to companies while exhausted. The most obvious is the increase in land rent when implementing Decree 121/2010/ND-CP of the Government (previously done under Decree 142/2005/ND-CP), where the land rent has increased several dozen times higher than operating profit due to the local tax department is not uniform pricing for different types of land. The company also leased land for factories such as a business subject to price commercial services, real estate business.

The biggest obstacle of the company mainly to difficulties in funding and product sales.  Many businesses must shift their production and trade in essential commodities than for ease of sales revenue to maintain operations. Mr. Cao Sy Kiem (Chairman of Association of Small and Medium Enterprises of Vietnam)

Phuong Anh