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Government acts, always in companion with enterprises!

The COVID-19 pandemic appeared and became increasingly complicated, heavily affecting all countries worldwide, including Vietnam. Although the Government has taken measures to prevent and control in time the spread of the pandemic, and the current Vietnamese economy is quite stable with positive growth in 2020. However, the risk of instability is still lurking because the pandemic is always potentially a recurrence.

IMPLICATIONS

Enterprises are heavily affected by the COVID-19, especially in the fields of industry - construction; agriculture, forestry, seafood; air; accommodation and catering services; activities of travel agents, education-training, textile; leather, leather products, electronic products, car manufacturing...

Many businesses were not able to withstand, suspended operations or went bankrupt, dissolved, or narrowed the scale of production and business. Only in the first 10 months of 2020, there were 41.8K enterprises temporarily suspending their business, up 58.7% over the same period in 2019; 13.5K enterprises completed dissolution procedures, up 0.1%. Enterprises with large capital resources still struggle, but for those small and micro enterprises, small business households, with limited capital, this is a big challenge.

COVID-19 pandemic affects material input and consumption markets of products and services. According to research by economic experts, many manufacturing sectors of Vietnam depend heavily on imported raw materials and fuel, mainly from

China, Korea, Japan, U.S., EU... When COVID-19 appeared, the restriction on traveling and trade affected the raw materials and material input of enterprises, including enterprises producing agricultural chemicals such as fertilizers, plant protection drugs; enterprises of textile, garment, footwear, paper production, wood products, steel production and trading; construction and mining enterprises... The shortage of input materials has affected production and business activities, the completeness of pre-orders, thereby affecting the revenue and reputation of enterprises.

The COVID-19 also affects the purchasing power of the global economy, limits trading activities, leading to the extension, cancellation, and postponement of orders, a decrease in export turnover, production and sales revenue of enterprises. This affects many enterprises in many different industries and fields. The percentage of enterprises facing difficulties due to narrowing export markets is quite high. The larger the scale of exporters, the higher the proportion of firms facing difficulties due to narrowed export markets. The decrease of export orders and the difficulty in goods circulation are the biggest challenge of the majority of enterprises; increased transportation and storage costs are also of concern.

“FIRE TESTS GOLD, CHALLENGE TESTS ENDURANCE”

As there are many obstacles, difficulties and challenges ahead for the development of enterprises. we believe that, the business community has seen the effort and determination in building an acting Government, always accompanying businesses, creating the most favorable conditions for businesses to improve their competitiveness and develop equality and sustainability. And in turn, the business community and businessmen will also do their best, “try triple” to overcome all difficulties and challenges.

Prime Minister Nguyen Xuan Phuc

According to economic experts, in order to help businesses overcome difficult times, the Government needs drastic solutions such as supporting businesses to clear the source of imported raw materials; solve logistics problems, minimize border congestion caused by epidemic prevention; encourage the development of supporting industries to serve key export areas; support domestic material supplying enterprises to ensure domestic sources of raw material.

In particular, it is necessary to restructure enterprises in private sector to limit the negative impact of the COVID-19 epidemic, focusing on industries and fields heavily affected by the epidemic; supporting enterprises to access information channels on import and export in search of new markets for importing raw materials, input materials and product consumption markets; support businesses to promote digital e-commerce, digital economy.

As soon as the first case was detected (January 23, 2020) and experienced three outbreaks, the Party and the Government promptly directed the implementation of measures to isolate, trace, monitor and limit people coming from epidemic areas ... thus achieving important results in epidemic prevention. In addition, the Government also promptly introduced support packages, monetary policy, fiscal policy, social security to support businesses and people such as the monetary and credit policy package to restructure and expand - deferred debt and considered to reduce interest on the total outstanding debt; New loan package with a total committed limit of about 300,000 billion VND with preferential interest rates from 1% - 2.5%/year; Fiscal package (deferred taxes and land rent, reduced some taxes and fees) with a total value of 180,000 billion VND; Social security package of 62,000 billion VND for more than 20 million workers and disadvantaged people.

In particular, the Government has issued Resolution No. 68/NQ-CP on the Program to reduce and simplify regulations related to business activities in the period of 2020 - 2025 with the aim of reducing and simplifying at least 20% of regulations and at least 20% reduction in business compliance expenses. This is considered the reform program with the widest coverage ever, demonstrating the strong determination of the Government to promote regulatory reform and the implementation of regulations related to economic activities, creating a driving force for socio-economic development of the country.

Vung Tau: A beautiful and safe sea city

Time 17/11/2020 at 09:15

Not romantic as Da Lat, or not luxury like Da Nang, visitors often talk about Vung Tau under the name “a beautiful sea city”. What a gorgeous seaside of Vung Tau! The beauty originates from the deep blue seawater, the tender waves crashing on the shores and the bright sunlight covering the whole view with the special golden colour. Vung Tau is so beautiful, as a mellow poem that lingers in the hearts of visitors after each arrival”.

Doosan Vina manufactures and exports 2,195 tons of fired heater to Thailand

Time 11/01/2021 at 16:09

On the morning of January 11, 2021, at Dung Quat Economic Zone, Quang Ngai province, Doosan Vina opened the New Year 2021 with the shipment of 2,195 tons of raw fuel heating support equipment under the TOP Fired Heater project for South Korea JNK Heaters customer after more than a year of production.

Recruitment: Assistant Sea & Air export operation - GFM

Time 17/03/2021 at 11:22

The operation team make sure the shipment visibility is monitored and updated on CW as well as visibility milestones. Any delays are updated timely. Operation will be responsible to complete full pre-manifest submission to authorities in/outside Vietnam countries area.

“Branding goes together with social responsibilities”

Time 14/09/2021 at 14:00

Bee Logistics has had a number of particular success on its 17-year progress of development and a number of remarkable milestones… When the whole country is fighting against the pandemic, Bee Logistics has had important contribution in the task of epidemic prevention, carried out social responsibilities with practical activities. Dinh Huu Thanh - President/General Director of Bee Logistics- shared his thoughts.

A sophisticated scam using an ordinary logistics trick

Time 14/09/2021 at 08:00

The incident below shows the seller has cheated his buyer sophisticatedly and perfectly using a popular and simple logistics trick: Switch B/L.

Farmers selling products on digital environment

Time 13/09/2021 at 14:15

Digital transformation in agriculture is a phrase that has been mentioned a lot recently when agriculture is one of eight fields of priority that the program of national digital transformation issued by the prime minister is implemented. Giving more support and helping aricultural production households to participate in e-commerce platforms to consume agricultural products, especially in the context of the pandemic of COVID-19 is one of the directions that gives back positive signals in the process of national digital transformation.