The fate of hundreds of thousands of businesses unknown
The fate of hundreds of thousands of businesses unknown
One third of the picture of Vietnamese businesses is now in the dark because there is no information, false information or information has not been updated.
At a workshop on amendments to the Enterprise Law 2005 held on Tuesday, Mr. Pham Quang Huy - Deputy Chief of the Information Database Office of the Business Registration Administration, said the authorities are lacking information about businesses, provided by the parties involved such as creditors, customers, partners, competitors, associations and the public.
National data shows that in early 2012 there were more than 545,000 corporates being established (excluding the dissolved ones). Of these, more than 360,000 businesses were certified of operating at the time of 1/1/2012 and about 185,000 businesses (34 percent) were in the gap or lacking accurate information.
"Thus, a third of the picture of businesses nationwide is still in the dark since the authorities lack accurate information about each business for management and supervision," said Huy.
On the database system for business registration, there are nearly 310,000 cases that lack of information, with false information or non-updated information. In particular, there are 79,000 businesses with wrong information about their operation status, 82,000 lack of information and 149,000 others with non-updated information.
Mr. Le Quang Manh, Director of the Business Registration Administration said: "Last year when the Government requested us to provide statistics of gold trading businesses, we did not have data so we hard to search the business names with the word “gold” on the Internet." Statistics in last two years shows that only 17 percent of businesses have a phone number.
Therefore, Huy proposed that the Enterprise Law should have regulations encouraging businesses, creditors, customers, competitors, associations and the public to involve in monitoring activities of businesses to ensure businesses’ compliance of the Enterprise Law.
At the same time, the head of the Business Registration Administration suggested to have broader access to information of State-owned enterprises and foreign enterprises because at present only joint stock companies submit financial statements for the business registration agency.
vietnamnet
