return icon Vietnamnet.vn

Pandemic presents opportunity for Vietnamese enterprise restructuring

The fact that nearly 35,000 enterprises have now withdrawn from the market three months after the COVID-19 outbreak first appeared in Vietnam reveals the huge impact it has had on business and production.

Pandemic presents opportunity for enterprise restructuring hinh anh 1

 

 

 

As the difficulties are addressed, however, this is also a good time to restructure enterprises, according to experts, which would help the economy recover and make great strides forward.

Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc said the country is at a critical juncture in curbing the epidemic, and supporting enterprises to stand firm and overcome setbacks is also a pressing matter.

Businesses, he went on, hope that institutional reforms will be promoted in the coming months to help them overcome the COVID-19 crisis and better prepare for recovery and development efforts in the future.

Now is a good time to accelerate the disbursement of public investment and promote public-private partnerships and essential infrastructure projects with State capital contributions, he added, to facilitate business and investment activities in all economic sectors.

Furthermore, he suggested the Government continue to focus on reforming administrative procedures, improving the business environment, and removing difficulties and obstacles facing businesses.

Chairman of the Vietnam Association of Small and Medium Enterprises Nguyen Van Than described COVID-19 as a testing time for businesses to increase their resistance and seek ways to restructure production and improve their management capacity and ability to cope with trying circumstances.

Experts have advised businesses to quickly make use of provisions within the EU-Vietnam Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), to diversify input supply chains.

Online business models and e-commerce should be promoted during the pandemic, experts have said, suggesting businesses pay greater attention to digital transformation and build specific, long-term, and comprehensive strategies and orientations. VNA

Challenges compel restructuring in agriculture

Challenges compel restructuring in agriculture

Trade conflicts, climate change and epidemics may at first glance appear to be a hindrance to Viet Nam’s agricultural sector.  

COVID-19 highlights need for economic restructuring

COVID-19 highlights need for economic restructuring

The respiratory epidemic caused by the novel coronavirus (COVID-19) has highlighted an urgent need for Vietnam to boost its economic restructuring and diversify its markets.  

 

MORE NEWS

Ngoc Linh ginseng helps Central Highlands locals out of poverty

Growers in the Central Highlands provinces dreamed of escaping poverty when they planted Ngoc Linh ginseng which has made an economic contribution to improving local farmers’ living conditions.

Soc Trang’s Khmer pagoda features giant Buddha statue

With the long-standing bonds of the Kinh, Khmer, and Hoa ethnic groups, Soc Trang boasts a special cultural identity that makes it an outstanding spiritual destination for tourists and Buddhist followers from far and wide.

Smart-homes getting cheaper in Vietnam

In Vietnam, a smart-home installation package costs VND14-25 million.

Vietnamese nationals account largest proportion of Japan’s foreign worker population

Vietnamese nationals account for 25.4% of the total 1.82 million foreign workers who were working in Japan as of the end of October last year, according to the Japanese Ministry of Health, Labour and Welfare (MHLW).

Mekong Delta develops more OCOP products

The Cuu Long (Mekong) Delta’s 12 provinces and the city of Can Tho are developing more products under the country’s “One Commune-One Product” programme.

Major Vietnamese paintings worth millions of dollars at global auctions

2022 represented a successful year for the Vietnamese painting market as three more pieces were auctioned at more than US$1 million each, bringing the total number of valuable paintings to 19. Let’s take a closer look at some of them.

Vietnamese American singer brings Tet Holiday joy to disadvantaged children

In hope to bring the children who lost their parents because of Covid-19 a warm spring holiday, Vietnamese American singer Ha Phuong spent a day to enjoy Tet with them.

How will the economy fare in 2023?

Vietnam’s economy had a prosperous year in 2022 with GDP growth rate of 8.02 percent, a one-decade high.

Female Vietnamese badminton star Thuy Linh placed 50th in world rankings

Vietnamese badminton star Nguyen Thuy Linh has risen to 50th position in the world’s latest singles women rankings, according to the Badminton World Federation (BWF).

Phin Ho ‘shan tuyet’ tea –specialty of Ha Giang

Apart from stilt houses and seemingly endless terraced paddy fields, “shan tuyet” tea, a famous specialty of Phin Ho village, is one of the special things visitors cannot forget once setting foot in Tay Con Linh Mountain in Ha Giang.

Discovering art of making vegetarian dishes in Tay Ninh

Religions and beliefs have made considerable contributions to the culinary culture of Tay Ninh.

Hoi An, HCM City among world's top 25 trending destinations in 2023: TripAdvisor

Germany’s famous travel site reisereporter.de has run an article highlighting the world’s top 25 trending destinations for 2023, including Vietnam’s Hoi An ancient city and Ho Chi Minh City, recently voted by readers of TripAdvisor.

Make-in-Vietnam sleeping machine developed by professor

FRENZ Brainband helps users have faster, tighter and deeper sleep. It can also be used for relaxing and enhancing concentration when working.

Paris Agreement: Lessons on independence, self-reliance, int’l solidarity

The signing of the Paris Agreement on ending the war and restoring peace in Vietnam on January 27, 1973, was a resounding victory of Vietnam’s revolutionary diplomacy in the Ho Chi Minh era.

PM: Lunar New Year comes with new energy

Prime Minister Pham Minh Chinh chaired a meeting of permanent Cabinet members in Hanoi on January 27, speaking of new energy of the nation following Tet (Lunar New Year), the biggest festival in Vietnam.
back_to_top