Enterprises with stable labor are ready for production and export in the new year

VCN - After the Lunar New Year holiday in 2023, in some southern provinces such as Ho Chi Minh City, Binh Duong, Dong Nai, and Binh Phuoc, workers have returned to work in factories and enterprises with a rate of over 90%.
What are the conditions to exempt tax for importing goods from bonded warehouse to inland to export? What are the conditions to exempt tax for importing goods from bonded warehouse to inland to export?
Piloting electronic tax payments for import–export goods via payment service suppliers Piloting electronic tax payments for import–export goods via payment service suppliers
In 2023, focus on exploring new and potential markets In 2023, focus on exploring new and potential markets
With many policies to take care of Tet, employees have returned to work relatively stably after Tet. Photo T.L
With many policies to take care of Tet, employees have returned to work relatively stably after Tet. Photo T.L

Excited to get back to work

Starting to return to the rhythm of operations at the beginning of the year, Tan Quang Minh Company quickly stabilized production to keep up with the delivery schedule, with over 90% of employees returning to work after Tet. At the same time, to expand export markets, enterprises retain workers and recruit more than 100 workers to operate at full capacity.

Mr Nguyen Dang Hien, General Director of Tan Quang Minh Company, said that in 2023, the company focused on expanding the export market with its brand, exporting to two fastidious countries, Japan and Singapore. As a result, businesses expect sales to double in comparison to 2022.

Similarly, at Saigon Food Joint Stock Company, employees have returned to start work in the new year, 2023. However, a representative of Saigon Food Joint Stock Company said that to retain employees, this year, the business will continue to maintain the organization of buses to transport workers back home to celebrate Tet and have preferential policies for workers who return to work after Tet with a total support cost of about one billion dongs.

Ms Bui Thi Quyen, a worker at NaverSouth Vietnam Volunteer Company (Binh Tan District, Ho Chi Minh City), said that the company started working on January 27 (to January 6, the Lunar New Year 2023). At factory number 6, she works with twenty workers; eighteen workers are working on the right day.

The report of the Department of Labor, Invalids and Social Affairs of Ho Chi Minh City shows that, on the first working day after Tet, in all fields of occupation, the rate of workers returning to work reached 95% compared to the previous working day before Tet. In Binh Duong province, the Confederation of Labor and the Management Board of Industrial Parks said that some large enterprises had a higher rate of return of workers than last year, reaching over 90%.

Meanwhile, according to the Labor Confederation of Dong Nai province, about 95-96% of employees have returned to work after the Tet holiday, with some enterprises returning to work at 100%. Long An province has 92%, and Binh Phuoc province has 91% of workers returning to work.

Lots of good news

Along with stabilizing human resources, many enterprises soon received a series of export orders at the beginning of the year. For example, Mr Nguyen Trung Dung, Chairman of the Board of Directors of DH Foods Joint Stock Company, shared, on the 6th day of Tet, on the first day back to work, the company was very surprised to receive an order, including an export container of household products go to the Netherlands. This is good news, creating great motivation for businesses right from the beginning of the new year. While other exporters face a shortage of orders, DH Foods regularly receives orders from difficult markets. For example, at the end of December 2022, the company exported two containers of new products to Japan. Furthermore, entering the beginning of January 2023, the company continued to export many shipments to the US. Currently, businesses continue to receive orders from the European market, so they must mobilize all employees to start work to keep up with the schedule immediately.

Sharing the same joy, in the first month of 2023, agricultural exports showed signs of improvement. Vina T&T Group Company said fresh fruit export orders in January 2023 recorded a growth of 30% over the same period last year. On the other hand, traditional products maintain stable orders. Notably, pomelos exported to the US and durians to China contributed to the growth of the business. According to Nguyen Dinh Tung, General Director of Vina T&T Group, purchasing power in Europe and the US is recovering faster than forecast due to market demand. Meanwhile, fresh fruit products sell out quickly, so partners place new orders daily, especially from the Chinese market.

A representative of G.C Food Joint Stock Company said that the business is accelerating, working day and night in the first days of the new year when continuously receiving new export orders from partners. Up to now, the number of orders of the enterprise accounts for about 30% of the output according to the production plan for 2023. These are very good signs to help the business move forward steadily in a year of forecasted difficulties. At the same time, with the trend of consumers in the US and European markets tightening their wallets, businesses are drawing up a strategy to diversify customers and find new markets such as Eastern Europe, Southeast Asia and the Middle East, diversifying products and new formulas to continue bringing Vietnamese agricultural products to the international market in 2023.

U.S. is Vietnam’s largest export market, with an estimated turnover of US$ 7.6 billion in January U.S. is Vietnam’s largest export market, with an estimated turnover of US$ 7.6 billion in January

VCN - In January, the U.S. was Vietnam’s largest export market, with a turnover of US$ 7.6 ...

The textile and garment sector is forecasted to be significantly affected when inflation in some major markets tends to increase. However, some businesses said that even during the Lunar New Year 2023, businesses had received orders from partners.

By ThuDiu/Quynhlan

Related News

Lao Cai Customs processes procedures for over 26,000 declarations

Lao Cai Customs processes procedures for over 26,000 declarations

VCN – In the first half of May, the import and export turnover of goods processed at Lao Cai Customs Department surges year-on-year.
Agricultural and food businesses increased profits thanks to export recovery

Agricultural and food businesses increased profits thanks to export recovery

VCN - Many agricultural and food exporters have recorded positive business results thanks to the momentum from the recovery of major markets and solutions to enhance deep processing, helping to improve product value and business efficiency.

Latest News

Imports and exports achieve more than US$270 billion

Imports and exports achieve more than US$270 billion

VCN - By mid-May, the country's total import-export turnover reached US$270.82 billion, according to the latest statistics from the General Department of Vietnam Customs.
Coffee output in 2023-2024 crop forecast to fall 20 per cent

Coffee output in 2023-2024 crop forecast to fall 20 per cent

Việt Nam’s coffee output in the 2023–2024 crop year is estimated to decrease by 20 per cent compared to the previous crop year, to 1.47 million tonnes, the lowest in four years.
Pharmaceutical industry sees slowing growth momentum

Pharmaceutical industry sees slowing growth momentum

After record profits and strong growth in 2023, the industry’s momentum faced limitations in 2024 due to rising raw material costs and increased market competition.
The auto industry does not shrink from many challenges

The auto industry does not shrink from many challenges

VCN - In the context of the import tax reduction roadmap being implemented when Vietnam participates in commitments in Free Trade Agreements, the pressure of competition on the Vietnamese automobile industry is also increasingly fierce. Therefore, in addition to tax and fee support, many breakthrough solutions and policies are needed to create a boost for the auto industry.

More News

Traceability helps improve product value

Traceability helps improve product value

VCN - Traceability of origin has been and is a mandatory requirement for Vietnamese goods when exporting to several markets. The application of information technology and the use of QR codes is an effective solution in traceability, increasing value and promoting product consumption, especially agricultural products.
Vietnamese pepper prices see strong upward trend

Vietnamese pepper prices see strong upward trend

The Vietnam Pepper and Spice Association has expected pepper prices to continue rising every week.
E-commerce boosts exports of Vietnamese products

E-commerce boosts exports of Vietnamese products

Digital platforms have played a key role in helping Vietnamese firms take their high-quality products to the world, insiders have said.
Increasing the value of rice grains from the project of 1 million hectares of high quality rice

Increasing the value of rice grains from the project of 1 million hectares of high quality rice

VCN - The implementation of the project of 1 million hectares of high-quality rice will contribute to promoting the transition from traditional farming methods to synchronous mechanization, developing large-scale, stable and long-term concentrated raw material areas, ensuring sustainable and effective farming quality and minimizing environmental pollution. Vietnam is also the first country in the world to build a large-scale project on sustainable rice production and reduced emissions.
Hai Phong Port strengthen solutions to improve cargo handling capacity

Hai Phong Port strengthen solutions to improve cargo handling capacity

VCN - The flow of goods passing through Hai Phong port area has tended to improve recently.
Five trends in exporting through e-commerce

Five trends in exporting through e-commerce

VCN - On May 22, 2024, Amazon Global Selling announced the prominent cross-border e-commerce (CBEC) trends shaping Vietnam's online export economy. Concurrently, it launched phase two of the program "CBEC: The breakthrough era" in collaboration with the Vietnam e-Commerce and Digital Economy Agency (iDEA) under the Ministry of Industry and Trade.
Vietnamese firms urged to watch global trade policies

Vietnamese firms urged to watch global trade policies

Experts say Vietnamese firms should keep an eye on global trade moves by major economies to figure out how best to promote the consumption and export of products made in Việt Nam, in the context of a glut of cheap Chinese goods flooding the world market.
Vietnam’s tra fish export tipped to bounce back

Vietnam’s tra fish export tipped to bounce back

Vietnamese tra fish export has roared back to growth after a significant drop recorded earlier this year as countries have scaled up their imports, according to insiders.
FDI attraction in five months tops 11 billion USD

FDI attraction in five months tops 11 billion USD

More than 11.07 billion USD in foreign direct investment (FDI) was funneled into Vietnam during January-May, up 2% against the same time last year, according to the Ministry of Industry and Trade (MoIT)’s Foreign Investment Agency.
Read More

Your care

Latest Most read
Imports and exports achieve more than US$270 billion

Imports and exports achieve more than US$270 billion

By mid-May, the country's total import-export turnover reached US$270.82 billion, according to the latest statistics from the General Department of Vietnam Customs.
Coffee output in 2023-2024 crop forecast to fall 20 per cent

Coffee output in 2023-2024 crop forecast to fall 20 per cent

Việt Nam’s coffee output in the 2023–2024 crop year is estimated to decrease by 20 per cent compared to the previous crop year, to 1.47 million tonnes, the lowest in four years.
Pharmaceutical industry sees slowing growth momentum

Pharmaceutical industry sees slowing growth momentum

After record profits and strong growth in 2023, the industry’s momentum faced limitations in 2024 due to rising raw material costs and increased market competition.
Agricultural and food businesses increased profits thanks to export recovery

Agricultural and food businesses increased profits thanks to export recovery

VCN - According to data from the Ministry of Agriculture and Rural Development, agricultural, forestry and fishery export turnover in April reached 5.14 billion USD, an increase of 19.7% compared to April 2023.
The auto industry does not shrink from many challenges

The auto industry does not shrink from many challenges

VCN - In the context of the import tax reduction roadmap being implemented when Vietnam participates in commitments in Free Trade Agreements, the pressure of competition on the Vietnamese automobile industry is also increasingly fierce. Therefore, in addi
Mobile Version