Vietnamese enterprises grasp opportunities amid COVID-19

The COVID-19 pandemic has caused enormous impacts on Ho Chi Minh City in particular and Vietnam in general. 

However, many enterprises have grasped this opportunity and shifted their production to making products of high demand, ensuring jobs for workers while contributing to the economic recovery after the pandemic.

This is a SARS-CoV2 virus test kit that uses a molecular biology technique recognized by the Emergency Use Listing procedure of the World Health Organisation. The product was developed by a Ho Chi Minh City enterprise which has 12 years of experience in molecular biology.

With a maximum capacity of 3 million test kits a month, the enterprise is seeking more export markets.

Many other businesses in Ho Chi Minh City have also actively turned risks into opportunities such as switching to making face masks when export markets froze or developing new health-related products, helping to ensure jobs for workers and anticipating market demand in the future.

 

In addition, the pandemic has caused many global value chains to collapse, indicating a high risk of countries being dependent on a single market. Besides changing product structure, production and business models, enterprises are advised to use domestic raw materials and build substantial domestic production chains.

In the current context, the domestic market is a huge driving force for enterprises, accounting for 70% of the country's gross domestic product.

Efficient exploitation of domestic consumer demand with appropriate products is the path enterprises should take to restore and develop production in parallel with exports.

Not all enterprises have managed to shift production effectively, but many successful business models have shown the creativity and initiative of Vietnamese enterprises. It’s also an inspiration, contributing to bolstering economic development after the pandemic./.VNA

 
 

Other News

.
President Ho Chi Minh’s footprints kept alive in Thailand
President Ho Chi Minh’s footprints kept alive in Thailand
VIDEOicon  19/05/2020 

After his 17-year journey for national salvation, President Ho Chi Minh arrived in Bangkok in July 1928 and began efforts to promote patriotism among the Vietnamese community.

Fishermen defend national seas
Fishermen defend national seas
VIDEOicon  18/05/2020 

Favourable weather, low oil prices and bumper catch on the horizon have fishermen eager to sail out to their traditional fishing grounds off the Hoang Sa (Paracel) and Truong Sa (Spratly) archipelagoes.

Vietnam seeks to boost tourism following COVID-19
Vietnam seeks to boost tourism following COVID-19
VIDEOicon  18/05/2020 

The Prime Minister has recently assigned the Ministry of Culture, Sports and Tourism to devise measures to develop tourism following COVID-19 pandemic.

Da Nang citizens able to access e-government more easily
Da Nang citizens able to access e-government more easily
VIDEOicon  18/05/2020 

E-government has become more accessible for people in Da Nang over recent years, with a range of effective and innovative models being introduced at various levels.

Vietnam hopeful about post-COVID-19 investment wave
Vietnam hopeful about post-COVID-19 investment wave
VIDEOicon  15/05/2020 

Vietnam is expecting to welcome a new wave of high quality foreign direct investment in the near future according to some economists thanks to the country’s internationally acclaimed efforts to fight COVID-19, a new factor to assess business risks.

Fishermen stay within Vietnam’s territorial waters
Fishermen stay within Vietnam’s territorial waters
MARITIME SOVEREIGNTYicon  15/05/2020 

Despite China’s unilateral and unreasonable fishing ban in the East Sea, fishermen in central Vietnam are fishing within the country’s territorial waters in areas where sovereignty has been proven for generations.

Noi Bai Int’l Airport among the world’s top 100 for five years running
Noi Bai Int’l Airport among the world’s top 100 for five years running
TRAVELicon  13/05/2020 

Noi Bai International Airport in Ha Noi has made it into the world’s top 100 airport listing for the fifth consecutive year in 2020, the Airports Corporation of Viet Nam (ACV) said on Tuesday.

Family drama wins big at Golden Kite Awards
Family drama wins big at Golden Kite Awards
ENTERTAINMENT & SPORTSicon  13/05/2020 

Về Nhà Đi Con (Come Home, My Dear) directed by Meritorious Artist Nguyen Danh Dung has won the Golden Kite Award at the category of Best TV Series.

Vietnam embracing fourth industrial revolution innovation
Vietnam embracing fourth industrial revolution innovation
VIDEOicon  14/05/2020 

The COVID-19 epidemic has led to a greater degree of innovation in many different fields and changed how people interact with each other. 

Young photographer tells touching stories about disadvantaged kids
Young photographer tells touching stories about disadvantaged kids
VIDEOicon  14/05/2020 

Each person has their own dream. While many devote their time to advancing their career, Dinh Chi Trung has spent two years travelling around Vietnam to share stories about Vietnamese children.

Quang Ngai fishermen protecting national sovereignty
Quang Ngai fishermen protecting national sovereignty
MARITIME SOVEREIGNTYicon  13/05/2020 

Despite unruly actions by China in the East Sea, many Quang Ngai fishing vessels still head out to the Hoang Sa (Paracel) and Truong Sa (Spratly) Archipelagos to fish on traditional fishing grounds, asserting their sovereignty over the seas.

Vietnamese food: Tofu pudding
Vietnamese food: Tofu pudding
VIDEOicon  12/05/2020 

Feeling the heat? This traditional treat is a sure fire way to cool down! Those of you with a sweet tooth won’t want to miss out on a bit of tofu pudding.

Vietnamese midfielder in Fox Sports poll for Asian Front Three
Vietnamese midfielder in Fox Sports poll for Asian Front Three
ENTERTAINMENT & SPORTSicon  11/05/2020 

Vietnamese football star Nguyen Quang Hai has been listed as one of nine nominees for Asian Front Three by the prestigious sport website Fox Sports Asia.

Tuyen Quang tightens protection of wildlife
Tuyen Quang tightens protection of wildlife
VIDEOicon  11/05/2020 

The northern mountainous province of Tuyen Quang boasts more than 233,000 hectares of forests and a host of wildlife, 18 of which are in the Vietnam Red Book of endangered species and 15 in the World Red Book.

PM Phuc tells Vietnam to restart the economy
PM Phuc tells Vietnam to restart the economy
POLITICSicon  10/05/2020 

An online dialogue between Prime Minister Nguyen Xuan Phuc and the business community took place on May 9, aiming to address businesses’ concerns, boost production and restart the economy in response to the COVID-19 pandemic.

Muong Phang relic site in Dien Bien at a glance
Muong Phang relic site in Dien Bien at a glance
VIDEOicon  10/05/2020 

Muong Phang relic site in Muong Phang commune in the northern city of Dien Bien was the command post for the Dien Bien Phu Campaign, where General Vo Nguyen Giap commanded a victory that “resounded throughout five continents”.

Airlines allowed to operate at full capacity from May 7
Airlines allowed to operate at full capacity from May 7
VIDEOicon  08/05/2020 

The Civil Aviation Administration of Vietnam (CAAV) has notified Vietnamese airlines that seat distancing and restrictions on passenger numbers are to be abolished from 00:00 on May 7.

Dien Bien Phu - resplendent victory of Vietnam
Dien Bien Phu - resplendent victory of Vietnam
YOUR VIETNAMicon  08/05/2020 

66 years ago, Vietnam became famous throughout the world for the Dien Bien Phu Victory which “resounded throughout the five continents and was world-shaking”. 

Vietnam intensifies economic recovery efforts post COVID-19
Vietnam intensifies economic recovery efforts post COVID-19
VIDEOicon  07/05/2020 

Despite the impacts of Covid-19, Vietnam recorded growth of 3.82 percent in the first three months of 2020. Economic recovery plans are also being developed for after the pandemic.

Vietnam economy hit hard by COVID-19 pandemic: WB
Vietnam economy hit hard by COVID-19 pandemic: WB
VIDEOicon  07/05/2020 

Vietnam has been hit hard by the current novel coronavirus pandemic (COVID-19), but it will show signs of recovery in the post-coronavirus period, the World Bank said in its Vietnam Macro Monitoring report for May.

 
 
 
Leave your comment on an article

OR QUICK LOGIN