Chủ đề: enterprises

Group’s Vietnam Enterprise Investments Limited (VEIL) recently held a presentation on Vietnam’s economy.

Many businesses are willing to pay high salaries, of up to VND70 million ($3,080) per month plus attractive packages, for managerial positions and above, but still find it difficult to recruit due to a scarcity of candidates and quality staff tending to rarely change jobs.

Of the 41 refineries in Vietnam’s sugar industry, only 24 are currently operating, with the remaining 17 having ceased production or gone bankrupt. Members of the Vietnam Sugarcane and Sugar Association (VSSA) have agreed to focus on implementing key tasks in the next crop year and subsequent years.

Adding to disrupted supply chains, consumption chains, and production chains, businesses are also facing disruptions to cash flow. Many businesses severely affected by Covid-19 are at risk of bankruptcy. Support packages and recovery programs need to be rolled out quickly to help businesses in the “new normal”.

Despite facing serious difficulties, many enterprises in Vietnam have taken appropriate measures to adapt to the pandemic and maintain production.

Covid-19 has left a mark on business but also bolstered some industries such as logistics, food, and healthcare. In this context, many businesses have changed their business model, in particular selling essential foods.

As of mid-August, only 1,077 out of 3,600 enterprises and production facilities at industrial clusters in Hanoi were still operating. The capital is identifying solutions to help businesses and at the same time reach the goal of focusing on the development of clean, high-tech, and environmentally-friendly industrial production.

The Covid-19 pandemic is affecting all of society and bringing down thousands of businesses around the country. Rather than simply trying to withstand the impact, businesses should improvise to adapt and survive.

According to the United Nations’ Food and Agriculture Organization (FAO), post-harvest losses in agriculture in developing countries are up to 20-30 per cent due to improper packaging and storage. To improve the competitiveness of Vietnamese agricultural products, businesses have therefore paid special attention to applying advanced technology in packaging and preservation.

At a meeting with the Ho Chi Minh City People’s Committee, Deputy Prime Minister Vu Duc Dam emphasized that the city should apply flexible methods to create favorable operating conditions for food processing, food, and e-commerce businesses in the city.

The Ministry of Planning and Investment (MPI) and LinkSME (Linkages for Small and Medium Enterprises - a project sponsored by the US Agency for International Development) announced on July 22 a support package for building a digital transformation roadmap for enterprises. A hundred enterprises will be chosen to receive support and become success stories for others to follow.