According to a report by the Ministry of Finance, of nearly 29,000 FDI enterprises counted by the end of 2023, the number of units reporting losses accounted for more than 56%.
The Ministry of Finance's report to the Government on the results of synthesizing and analyzing the 2023 financial statements of 28,918 foreign-invested enterprises (FDI) said that the number of enterprises reporting losses, accumulated losses or loss of equity increased significantly.
Specifically, 16,292 FDI enterprises reported losses in 2023, accounting for more than 56% of the total number of FDI enterprises. The number of declining business units increased by more than 21% compared to the same period last year. Along with that, over 18,140 enterprises had accumulated losses. The number of units losing equity was 5,091 units, an increase of about 15% compared to the same period last year.
In terms of value, FDI enterprises lost about VND217,464 billion in 2023, up 32%. This group of enterprises had an accumulated loss of VND908,211 billion, up 20%, and negative equity of VND241,560 billion, up 29%.
As of December 31, 2023, the total assets of FDI enterprises are nearly 10 million billion VND, an increase of 6.8% compared to 2022. Of which, the sector with the largest asset value is the processing and manufacturing industry with nearly 6.5 million billion VND, accounting for 65% of the total assets of the whole sector. This is also the group with the largest growth scale.
At the same time, the total equity of the whole group reached more than 4 million billion VND, up 5.5%. Similarly, enterprises operating in the processing and manufacturing industry also accounted for the largest proportion, at 69.3% with nearly 3 million billion VND and recorded the strongest growth value.
Regarding loans, the total liabilities of the units as of December 31, 2023 recorded nearly 5.8 million billion VND, an increase of 7.9% over the same period last year. The processing and manufacturing industry continued to lead with the value of liabilities reaching more than 3.5 million billion VND.
In the report, the Ministry of Finance also recommended that the Prime Minister direct a review of investment policies to create a new mechanism to attract foreign capital more effectively. The agency believes that Vietnam needs to increase information comparison to combat transfer pricing, tax evasion, and effectively manage revenue sources arising from production and business of FDI enterprises.
The Ministry of Finance also proposed to inspect and examine operating investment projects, increase management measures for FDI enterprises that operate inefficiently or show signs of violations, causing damage to budget revenue and negative impacts on the environment and socio-economy.
On the contrary, the operator also needs to complete the urban transport infrastructure in a synchronous manner, increase connectivity, and improve the investment and business environment to encourage and attract strategic investors and multinational corporations.
According to PV/VTV
Source: https://doanhnghiepvn.vn/doanh-nhan/hon-mot-nua-doanh-nghiep-fdi-bao-lo/20250219073454205
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