The survey results were announced on September 19 and show that the number of large businesses only accounts for a modest 1.9% of total enterprises while the rest are medium, small and ultra-small enterprises.
More than four in ten enterprises are based in the southeastern region, with Ho Chi Minh City housing the largest number.
According to the GSO, the state-owned enterprises account for just 0.5% but their capital makes up 28.4% of total capital. The average capital for an enterprise in 2016 was VND51.6 billion (US$2.2 million) up VND5.8 billion compared with 2011.
Net revenues of enterprises in 2016 reached over VND17,858 trillion (US$767.9 billion), up 71.6% from five years earlier.
Foreign-invested enterprises posted the strongest net revenue growth at 134.5% over the 2011-2016 period.
This sector also recorded the largest return on assets (ROA) at 6.9%, compared with 2.6% and 1.4% seen in state-owned enterprises and domestic private enterprises respectively.
The ROAs for industrial production, agriculture and services were 4.8%, 2.0% and 1.6% respectively.