return icon Vietnamnet.vn

Businesses discuss ways to overcome challenges in 2023

Warned that uncertainties will still exist in 2023, businesses need to prepare well to weather the storm.
FPT President Truong Gia Binh

Truong Gia Binh, president of FPT, the Vietnamese largest IT firm, said that after the pandemic resilience is needed to overcome all difficulties and challenges.

“We cannot be sure where strong winds will come from and if floods will rush down. We can only prepare to face all difficulties,” Binh said.

Binh said FPT has overcome challenges caused by the pandemic and obtained contracts worth tens of millions of dollars, has ensured the smooth operation of thousands of projects, and maintained sustainable growth. 

Binh said resilience, creativity and devotion were all needed.

The injection of huge amounts of money by powerful countries into their economies during the pandemic has created countless challenges in the post-Covid period. 

“Enterprises have to face ‘storms’, and in storms, no one can say for sure about anything. Enterprises need to have long-term goals and visions. However, at this time, they need to answer how much revenue enterprises have and how much revenue they expect in the next four weeks,” he said.

Cao Thi Ngoc Dung, chair of PNJ Group, said that enterprises need to consolidate their strength, especially their business culture.

The president of the jewelry company said that culture must be created by the enterprises’ leaders. If an enterprise is likened to a tree, ‘culture’ is its roots, while the trunk and branches are the vision, orientation and strategies developed from the culture.

Business culture is shown most clearly in decisions vital to the existence of a country, enterprise and organization, which acts as an 'accelerator pedal' to help them overcome 'high passes' and a 'brake' to prevent enterprises from falling into an abyss. 

Businessmen agreed that what businesses need most is keeping a steadfast spirit. Only firm stuff can help enterprises and the country overcome difficulties. Digital technology and the applications of the 4.0 industry can help improve resilience.

Truong Gia Binh said enterprises in all fields and at all scales can step aboard the ‘digital transformation ship’ to improve their resilience.

According to Dung, after Covid-19 pandemic, the enterprises like PNJ and FPT have become stronger. This is because they have changed timely and applied new technologies.

Thien Minh Group President Tran Trong Kien said that his firm has recovered well from the pandemic thanks to the improved digital experience.

Duy Anh

MORE NEWS

Vietnam moves up in ranking of internet speed

The quality of internet service has improved following instructions by the Ministry of Information and Communications (MIC). Vietnam now ranks 39th globally in terms of fixed internet and 52nd in mobile internet speed.

Banks hold US$8 billion worth of corporate bonds

The proportion of corporate bonds to total assets of commercial banks is not too large but risks still exist, especially if banks hold bonds of weak real estate firms, according to Le Hong Khang from FiinRatings.

Small ship itineraries in Vietnam amongst best Southeast Asia cruises

Small ship itineraries along Ha Long Bay, the Red (Hong) River and the Lower Mekong River in Viet Nam were named among the top four best Southeast Asia cruises by the U.S. travel guidebook series Frommer’s.

Vietnamese stock market's publicity and transparency improved

It is believed that the enhancement will help shore up investor confidence in the Vietanmese stock market after recent scandals.

Investors voice concerns over unresolved pricing for renewable projects

Investors of numerous renewable energy projects demanded solutions to resolve pricing issues in a meeting with Vietnam Electricity (EVN) on Monday.

Hanoi's decade-long effort to clear pavements with no significant results

Despite efforts for 10 years, Hanoi's pavements are still cluttered and have not been returned to pedestrians.

Military inspectors deployed to support understaffed vehicle registration centres

Understaffed vehicle registration centres in Hanoi and HCM City have received support from the military as they struggle to cope with the surge in demand caused by the closure of several centres for investigation in recent few months.

Vietnam to develop policies to adapt to global minimum tax

Vietnam will adjust investment policies to adapt to the global minimum tax rate and remain an attractive destination for investment.

Hanoi drafts to restore local relics with US$593.6 million

Restoring relics and heritage sites is one of Hanoi's goals and is part of the city's efforts to boost its tourism sector.

University ranking group answers criticisms about its transparency

Nguyen Vinh San from the University of Education, a member school of University of Da Nang, and a member of the Vietnam University Ranking Group, said the group has received opinions about the quality and reliability of the ranking.

Foreign associations want dollar interest rate cap removed

Foreign business associations have proposed the State Bank of Vietnam (SBV) remove the U.S. dollar interest rate cap at 0%, reported the local media.

SBV tightens control on corporate bond acquisitions by banks

The State Bank of Vietnam (SBV), the nation’s central bank, is taking steps to tighten control on commercial banks’ acquisitions of corporate bonds.

Retailers slash prices on low-priced smartphones

The consumption of low- and mid-end smartphones has dropped by 50 percent compared with the same period last year, causing difficulties in cash flow for retailers.

Vietnam ranks 65th in world happiness report

Vietnam ranks 65th out of 137 countries and territories in the 2020-2022 period as per the World Happiness Report 2023, up 12 places from the 2022 Report.

Hanoi’s two famous markets are quiet, with slow sales

The two most famous shopping areas of the capital city, Hom and Hang Da markets, are no longer bustling with visitors as in previous years. Some booths have seen sales fall up to 70%.
back_to_top