Enterprises take the initiative in raw materials for production and export at the end of the year

VCN - After being strongly affected by the pandemic, many enterprises are making great efforts and looking for ways to promote production and export activities in the last months of the year, especially ahead of the Lunar New Year.
Ministry of Finance ready to listen to suggestions of enterprises about tax and customs policy Ministry of Finance ready to listen to suggestions of enterprises about tax and customs policy
Quang Ninh Customs: Sharing information about import-export enterprises to prevent violations Quang Ninh Customs: Sharing information about import-export enterprises to prevent violations
HCM City Tax Department collects billions of dong in tax arrears HCM City Tax Department collects billions of dong in tax arrears
3328-5211-12-1857-img-1701
Production activities at Saigon Food Joint Stock Company

Enterprises develop new products

In 2020, the market facedmany adverse impacts. Although the pandemichas been controlled, the storms and floodscausing heavy damage in the central provinces will greatly affect the purchasing power at the end of the year.

This year's Tet market is forecast to be less active than in previous years.

Therefore, to stimulate consumption, enterprises must prepare raw materials, plan production early to actively hold prices, push products to online shopping channels and spend more on promotional discounts.

According to experts, the application of science and technology in production brings significant competitive advantages to enterprises such as increasing output, quality and increasing synchronization to catch the advantages that the technology revolution as well as commercial agreements bring.

In order to meet the needs of consumers in the upcoming Tet season, Saigon Food Joint Stock Company is preparing goods with an increased output of 35-40% compared to normal months. In particular, focusing on traditional items and cultural features of Saigon Food such as: New Year hot pot, Seafood, gift box of Banh Chung.

In addition, to anticipate the increasing demand at the end of the year, Saigon Food also launched new products to the market such as: Saigon Food Fresh Meals, fresh and nutritious porridge, concentrated broth with two new flavors, increased weight combined with an improved recipe.

The end of the year is the peak month for pork consumption, so Vietnam Livestock Industry Joint Stock Company (VISSAN) is preparing a plentifuland stable supply of pork to serve consumers. In the month before the New Year 2021,according to the plan, the unit will supply to the market twice the number of pigs per day compared to normal days of 650-700 pigs per day.

In addition to taking theinitiative in raw materials for production to meet the increasing demand for goods during the Tet holiday, the company willalso focus on developing new products to attract customers' attention. A representative of a seafood production company in Ho Chi Minh City said thatthe company had to constantly send staff to the fishing ports in the Central region and the North to gather goods for many months, even some fish materials only bought domesticallybefore, but now they also have to import because some distributors have plans to increase orders for Tet and process additional private label products.Besides, the company also actively researches and brings new products to the domestic market.

As noted, Vinamit Joint Stock Company, in addition to actively developing online sales collaborators, is also preparing for the launch of a number of nutritional beverage products from vegetables and fruits. This is a 100% new product line, customers just need to open the lid to drink and do not need to mix some types such as coffee, sugarcane juice and vegetable juice, or dried fruit as before.

Export acceleration

Along with the production of goods for the domestic market, enterprises are trying hard to find ways to boost export activities after the pandemicis controlled. From mid-September, nearly all enterprises in the textile, footwear, and ceramics industries began to receive new orders from European, American, and Japanese partners.

According to the enterprisesthe order situation has recovered by about 60-70%. Mr. Ly Ngoc Bach, Chairman of Binh Duong Ceramics Association, did not hide his joy when saying the year-end situation of the ceramics industry was very positive with many orders.All enterprises organize production and overtime to meet the requirements of partners.

Mr. Dien Quang Hiep, Chairman of the Binh Duong Wood Processing Association (BIFA), said that in parallel with online sales, some manufacturing enterprises try to change the structure of products. The breakdown of supply chains, including the supply chains that import wood products from abroad, especially from China, has created a gap for these products in the domestic market. To restore production, enterprises restructure their product lines according to the needs of both international and domestic markets. For example, kitchen, bathroom and vanity furniture group currently account for about 60% of the total demand of all types of furniture worldwide. This is a strategic product line that can be exploited in the future.

As for the food processing sector, the situation is much brighter after the pandemic. Mr. Nguyen Lam Vien, Chairman of Vinamit's Board of Directors, said that the export orders to traditional markets of Vinamitwere still planned forthe six last months. SinceJune, Vinamit had exported a number of organic fruit shipments including grapefruit and jackfruit to Europe by air. Besides, in the future, Vinamitwould launch new products, focus on developing European markets, as well as expanding raw material growing areas towards organic products, ensuring sustainable Vietnamese agricultural exports.

By Thu Diu/ Binh Minh

Related News

Quang Tri Customs makes great effort to foster imports and exports across area

Quang Tri Customs makes great effort to foster imports and exports across area

VCN – Quang Tri Customs Department determines that accompanying businesses is a requirement and responsibility to support businesses in overcoming difficulties, contributing to the socio-economic development in the area.
Removing difficulties in tax exemption and refund policies for export processing enterprises

Removing difficulties in tax exemption and refund policies for export processing enterprises

VCN - The Customs agency has received many proposals from businesses about answering and guiding policies on tax exemption, import tax and VAT refund for export processing enterprises. The General Department of Customs has responded and provided instructions for each specific case.

Latest News

ASEAN, RoK agree on transposition of AKFTA product specific rules

ASEAN, RoK agree on transposition of AKFTA product specific rules

ASEAN member states and the Republic of Korea (RoK) have reached a consensus on the transposition of ASEAN-RoK Free Trade Agreement (AKFTA) Product Specific Rules from the Harmonised System Codes HS 2017 to HS 2022.
Opportunities for digital technology businesses to go global

Opportunities for digital technology businesses to go global

Finding solutions and directions to promote and develop Vietnamese digital technology enterprises is an important task, which will promote the stability and sustainability of the country's economy, heard a recent conference.
Vietnam, China eye stronger border trade

Vietnam, China eye stronger border trade

Border provinces of Vietnam and China should continue close coordination and enhance trade promotion between the two sides, stressed the recent talks between the management boards of the economic zone of the northern province of Ha Giang and the Malypo border economic cooperation zone of China’s Yunnan province.
Improve competitiveness and sustainable development of the seafood industry

Improve competitiveness and sustainable development of the seafood industry

VCN - In early 2024, seafood exports have prospered. This is the driving force that helps seafood businesses hope for a stronger recovery this year. Ms. Nguyen Thi Thu Sac, Chairwoman of the Vietnam Association of Seafood Exporters and Producers (VASEP) shared with Customs Magazine.

More News

Business environment reform needs further promotion: expert

Business environment reform needs further promotion: expert

Resolution 02 issued by the Government creates pressure for the ministries, sectors and localities to make changes for the business community as well as the socio-economic development.
Singapore is the largest foreign investor in VN in Q1

Singapore is the largest foreign investor in VN in Q1

The disbursed FDI rose by 7.1 per cent in the first quarter to reach $4.63 billion, a signal that the disbursement will continue the positive trend, the agency said.
Thai Binh boosts investment, trade cooperation with Germany

Thai Binh boosts investment, trade cooperation with Germany

A delegation from the northern province of Thai Binh, led by Deputy Secretary of the provincial Party Committee Nguyen Khac Than, visited several localities and business organisations in Germany from March 25 to 27, in a bid to enhance trade cooperation with and attract direct investment from the European nation.
Lifting obstacles to develop industrial parks

Lifting obstacles to develop industrial parks

VCN - Attracting investment and developing industrial zones (IZs) and economic zones (EZs) is one of the important contents to implement the policy of developing a multi-component, open, attract investment and resources from all economic sectors to develop the country. In addition to the results achieved, there still limitations that need to be removed to draw investments to develop industrial parks and economic zones, including financial problems for industrial parks.
Unlock capital flows and create favorable conditions for investors

Unlock capital flows and create favorable conditions for investors

VCN - Talking with the press, Dr. Ngo Cong Thanh (Photo), Provisional Executive Committee member of the Vietnam Industrial Park Finance Association (VIPFA), said that it is necessary to open up capital flows and create conditions for investors to access key factors. Facilitate production and business factors and innovate investment promotion activities to more effectively develop industrial parks.
More than 300 businesses, manufacturers to attend VGMF 2024

More than 300 businesses, manufacturers to attend VGMF 2024

More than 300 domestic and foreign businesses and manufacturers will attend the Vietnam Global Manufacturing Forum 2024 (VGMF2024) to explore investment and business cooperation opportunities.
Connecting with FDI firms helps boost wood exports: insiders

Connecting with FDI firms helps boost wood exports: insiders

Strengthening linkages and cooperation between foreign-invested and domestic enterprises will contribute to promoting the sustainable development of the Vietnamese wood industry, according to insiders.
Doosan Vina exports nearly 2,000 tonnes of modules to US

Doosan Vina exports nearly 2,000 tonnes of modules to US

The Doosan Enerbility Vietnam (Doosan Vina) specialising in heavy industries announced on March 26 that it has just exported a batch of nine modules weighing nearly 2,000 tonnes to the Golden Triangle Polymers company in Texas, the US.
Wood processing enterprises strive to increase the proportion of individually designed goods

Wood processing enterprises strive to increase the proportion of individually designed goods

VCN - Many wood and furniture processing enterprises are promoting investment in design activities, helping to increase the proportion of individually designed products (ODM) in exports, thereby affirming the industry's capacity Vietnamese wood in segments with higher added value.
Read More

Your care

Latest Most read
ASEAN, RoK agree on transposition of AKFTA product specific rules

ASEAN, RoK agree on transposition of AKFTA product specific rules

ASEAN member states and the Republic of Korea (RoK) have reached a consensus on the transposition of ASEAN-RoK Free Trade Agreement (AKFTA) Product Specific Rules from the Harmonised System Codes HS 2017 to HS 2022.
Opportunities for digital technology businesses to go global

Opportunities for digital technology businesses to go global

Finding solutions and directions to promote and develop Vietnamese digital technology enterprises is an important task, which will promote the stability and sustainability of the country's economy, heard a recent conference.
Vietnam, China eye stronger border trade

Vietnam, China eye stronger border trade

Border provinces of Vietnam and China should continue close coordination and enhance trade promotion between the two sides, stressed the recent talks between the management boards of the economic zone of the northern province of Ha Giang and the Malypo border economic cooperation zone of China’s Yunnan province.
Improve competitiveness and sustainable development of the seafood industry

Improve competitiveness and sustainable development of the seafood industry

In early 2024, seafood exports have prospered. This is the driving force that helps seafood businesses hope for a stronger recovery this year.
Business environment reform needs further promotion: expert

Business environment reform needs further promotion: expert

Resolution 02 issued by the Government creates pressure for the ministries, sectors and localities to make changes for the business community as well as the socio-economic development.
Mobile Version