return icon

Ministry listens to firms' difficulties, pledges to raise support

The Ministry of Planning and Investment will propose policies to remove obstacles for enterprises and enable them to seize opportunities to accelerate production and business, Minister Nguyen Chi Dung said.
Ha Nam Textile Company in Phu Ly, Ha Nam. Enterprises are encountering a number of difficulties after the COVID-19 pandemic and needed support to promote business and production recovery. — VNA/VNS Photo Tran Viet

Dung promised at a meeting on Monday to listen to the difficulties of enterprises and raise solutions for the second half of this year, saying it was important to identify advantages and opportunities, as well as challenges, to raise policies to support enterprises and enable them to participate and not miss any chances.

Enterprises are encountering a number of difficulties after the COVID-19 pandemic which has heavily socio-economic activities hard during the past two years.

Labour shortages are one of the most common challenges facing industries.

According to Nguyen Quoc Hiep, Chairman of the Vietnam Association of Construction Contractors, the construction sector uses a lot of seasonal workers. However, after a long time of being affected by the pandemic, the sector faces a serious shortage of workers. Although payment for workers increased by around 20-30 per cent, many enterprises failed to find enough workers.

In the aviation industry, one of the hardest hit, some highly qualified technicians and managers have left the industry, causing a labour shortage while the aviation market was recovering. Facing the same situation, the workforce in the tourism industry declined by 55-60 per cent as the industry was hit by the virus.

Chairman of the Vietnam Tourism Association Vu The Binh said that enterprises needed support in human resource training so that enterprises could seize opportunities as the tourism market becomes more robust after the pandemic.

Pham Thi Tinh from the Vietnam Alliance for Industrial Support said that in industries which need high-quality workers, such as electronics, processing and manufacturing, after a long time off work to fight against the virus spread, the skills of workers were reduced and it would take time and money to retrain.

Associations at the meeting said that it was necessary to develop training programmes to provide skilled workers that meet enterprises’ demands.

Another problem was the pressure from skyrocketing prices of raw materials and logistics services, and international disputes that have caused fuel prices to rise dramatically.

Bui Van Ne proposed the environmental protection fee on jet fuel to be reduced to zero and support policies on fees and charges for air transport companies to be extended until the international flight market recovers. 

Rising prices are also a burden for garment and textile, logistics and construction industries.

According to Truong Van Can, Deputy Chairman of the Vietnam Textile and Apparel Association, the prices of cotton, petrol and oil have all increased. While the yuan, won and yen fell by more than 15 per cent, Vietnamese dong decreased by just 1.8 per cent, which is detrimental to exporters.

Can said that it was necessary for monetary policies to continue stabilising prices so that enterprises do not lose their advantage.

Container transportation rates remain much higher than the pre-pandemic level, which also created significant pressure on enterprises, Nguyen Hoai Nam, Deputy General Secretary of the Vietnam Seafood Exporters and Producers said.

General Secretary of the Vietnam Logistics Association Nguyen Duy Minh said that attention must be paid to improving the logistics planning together with strengthening the digital transformation of the logistics industry to reduce costs.

As logistics fees were closely related to the competitiveness of export products and investment attraction, Minh said that relevant ministries should work with shipping lines to lower freight rates.

Source: Vietnam News


Son Tung MTP's younger sibling sparked controversy following his debut

Nguyen Viet Hoang, younger brother of Vietnamese pop sensation Son Tung MTP, made his debut as a singer under the moniker 'MONO', sparking widespread criticism for his lackluster vocals and questionable fashion sense.

First district to prohibit single-use plastic next month

Co To island district in the northern province of Quang Ninh will officially ban visitors from bringing plastic bottles and bags to the island from September 1 in a bid to spur sustainable tourism.


First district to prohibit single-use plastic next month

India becomes Vietnam’s biggest meat seller in H1

Vietnam imported over 79,700 tons of meat and meat products worth US$250.9 million from India in the first half of 2022, making the latter the former’s largest meat supplier, according to the Import-Export Department.


Remittances to HCMC declines by 13% in H1

Defense Ministry approves of long-planned cargo airline

The Ministry of National Defense has thrown its support behind a plan to issue an air transport license to IPP Air Cargo JSC, whose chairman is billionaire Johnathan Hanh Nguyen, according to a dispatch recently sent to the Government Office.

Income per capita in 2030 expected to be equal to Malaysia in 2007

Vietnam’s GDP per capita, calculated in accordance with current prices, has increased year after year. However, the figure is lower than other regional countries.

Ministry warns of increasing serious COVID-19 cases

The Ministry of Health has warned of an increase in the number of new COVID-19 infections as well as critical cases.

New sub-variants of Omicron strain detected in Vietnam

The number of COVID-19 cases is currently increasing both globally and in the country due to the recent rapid spread of the Omicron variant, according to information given by the General Department of Preventive Medicine.

Vietnam able to become new tiger in Asia: economist

Vietnam has the potential to become a new tiger in Asia, economist Brian Lee Shun Rong at Maybank - Malaysia's largest financial services group and the leading banking group in South East Asia – has reportedly said.

Vietnamese exporters urged to expand in the EU through retail distribution system

Approaching the retail distribution system is an important way to expand exports to the European Union market, where Vietnamese goods still have significant room for growth provided by the EU – Vietnam Free Trade Agreement (EVFTA).

Regulations on auto localization ratio to be rescinded

The regulations on the automobile localization ratio will be abolished on October 10, after they have been in force for almost 20 years.

Hot TikTokers bridge ethnic cultures

Several Tiktokers from the mountainous areas of Vietnam have attracted an increasing number of followers with short videos featuring their daily lives and unique ethnic cultures.

Land irregularities bring down multiple officials

Many high-ranking officials have been disciplined, dismissed and even prosecuted for land irregularities.

Why is air quality in Vietnam getting worse?

Dr Hoang Duong Tung, Chairman of the Vietnam Clean Air Partnership and former vice-general director of the Vietnam Environmental Administration, has said that improving air quality must not be delayed.