On reopening, Hanoi businesses are excited to catch up with production

VCN - Hanoi has reopened and life continues to go back to normal. Therefore, businesses in Ha Noi quickly embarked on promoting production and business activities, creating motivation to recover the stagnant economy.
Businesses in Hanoi are urging production to resume to keep up with the schedule. In the photo: production activities at Garment 10 Corporation. Photo: H.Duu
Businesses in Hanoi are urging production to resume to keep up with the schedule. In the photo: production activities at Garment 10 Corporation. Photo: H.Duu

Accelerating production on schedule

As one of the big enterprises in Hanoi, over the past two years, Garment 10 Corporation has continuously "opened and closed" production and business activities, so the business strategy has been more proactive and flexible, especially for export orders.

Than Duc Viet, General Director of May 10, said Hanoi loosening anti-pandemic measures is a very good thing for businesses, helping businesses to be more proactive in production and circulation of goods. Fashionable garments are seasonal products. In the past, May 10 usually planned to receive goods and produce orders from 3-6 months, but since the pandemic, it has actively implemented it by weeks, even days.

With the above measures, May 10's order volume remains stable. Therefore, as soon as it was announced that Hanoi was loosening social distancing measures, Mr. Viet said that the company mobilized employees to work overtime to make up for the shortage of goods and promptly deliver goods to partners on schedule.

Similarly, a representative of Thinh Long International Trading Joint Stock Company said that the enterprise has made all plans, including the worst-case scenario during the time of social distancing in Hanoi, such as importing 100% of domestic raw materials to spare input goods in the face of concerns about supply chain disruption.

But with the reopening for more than a dozen days, businesses have urged production to return goods to partners on time and on schedule. Previously, to take advantage of opportunities in the difficult time, the company invested in machinery and equipment, switched to the segment of sewing high-end N95 medical masks with a capacity of about 15 million pieces/month, enough to meet the needs of customers for domestic and export markets.

The results of the survey on business trends of processing and manufacturing enterprises in Hanoi in the third quarter by the Hanoi Statistics Office showed that only 5% of enterprises assessed their production and business situation in 3rd quarter as better than the 2nd quarter; nearly 77% of enterprises suffered difficulties. If the Covid-19 pandemic is controlled in the following months, more than 37% of businesses expect the fourth quarter to get better, but also over 36% of businesses forecast more difficulties. Therefore, the reopening of Hanoi for business activities is expected to create vitality to restore production and business.

Open but still ready

Meanwhile, many businesses have changed their operating model from offline to online. So the past social distancing period is an opportunity to test customers and business strategies.

Therefore, even when Hanoi has reopened, a representative of a food supply chain in Hanoi said that the online business channel is still having a strong advantage to continue exploiting, so it will account for 70% of main operations.

Moreover, defining "living with the pandemic" and stabilizing production, businesses in Hanoi have identified the mentality as "ready to fight", always focusing on pandemic prevention and control at work. In particular, businesses have been contacting the city to vaccinate workers. General Director of May 10 said that the company always upholds the spirit of each employee as a soldier, the enterprise is a fortress, not only helping businesses maintain production but also contribute to Hanoi's strategy for disease prevention and economic recovery.

Also talking about this issue, a representative of Hanoi Thong Nhat Joint Stock Company said that the enterprise has strictly complied with the regulations on human resources in the departments that indirectly go to work at 50%; the retail block reopens for business and closes at 9pm every day, customers entering the store must declare their health by QRcode.

Thus, before or after Hanoi reopens, businesses still maintain and achieve positive business results.

Although there have been more advantages thanks to Directive 22/CT-UBND on adjusting measures to prevent and control the Covid-19 pandemic in the city in the new situation of the Hanoi People's Committee, businesses still want to create more favorable conditions, because the last three months of the year is the peak period of production and business.

Businesses must accelerate to keep up with the schedule with signed orders, as a basis for cooperation in 2022. In addition, businesses also expect that the policies on business support of the Government and Hanoi will be put into practice more effectively.

By Minh Chi/Bui Diep

Related News

Hanoi: Maximum support for affiliating production and sustainable consumption of agricultural products

Hanoi: Maximum support for affiliating production and sustainable consumption of agricultural products

VCN - Hanoi City aims to have clean agriculture by 2030, from land, water to air, and clean the environment, especially rivers. Hanoi must create a difference for agricultural product brands, products must be certified and must build the brand "made in Hanoi".
E-commerce tax collection in Hanoi increased by 265%

E-commerce tax collection in Hanoi increased by 265%

VCN - As of August 2024, the Hanoi Tax Department has built a tax management directory for e-commerce business activities including more than 75,000 organizations and individuals. In particular, there are more than 37,000 business households and more than 9,000 individuals.
With the recovery momentum returning, businesses need to speed up credit

With the recovery momentum returning, businesses need to speed up credit

VCN - In recent instructions, the monetary policy regulator continues to urge banks to implement practical and effective solutions to strive for system-wide credit growth, which will be 5-6% by the end of the second quarter of 2024.
Five key northern local customs departments signed an emulation agreement

Five key northern local customs departments signed an emulation agreement

VCN - Five local customs departments belonging to Emulation Cluster No. 3 of the General Department of Vietnam Customs (including Hai Phong Customs Department, Hanoi Customs Department, Quang Ninh Customs Department, Bac Ninh Customs Department and Ha Nam Ninh Customs Department) signed an emulation agreement, striving to complete assigned tasks.

Latest News

Việt Nam becomes second biggest garment exporter globally

Việt Nam becomes second biggest garment exporter globally

Việt Nam’s garment and textiles export is projected to hit nearly US$44 billion this year, positioning the country as the world’s second biggest exporter, only behind India, said General Director of the Vietnam National Textile and Garment Group (Vinatex) Cao Hữu Hiếu.
Vietnam may surpass Bangladesh in garment export: report

Vietnam may surpass Bangladesh in garment export: report

Vietnam’s apparel and textile sector is set to earn an export revenue of $44 billion this year, up 11 percent year-on-year, and will likely surpass Bangladesh to become the world’s second-biggest exporter in the sector.
Export tax to increase for 13 construction materials

Export tax to increase for 13 construction materials

The rate was specified in Chapter 68 of the Government’s Decree 26, issued on May 1, 2023.
Building a brand to elevate Vietnamese rice

Building a brand to elevate Vietnamese rice

VCN - The implementation of the Sustainable development plan for 1 million hectares of high-quality, low-emission rice specialized cultivation, aligned with green growth, will contribute to building the brand of Vietnamese rice. This effort meets current market trends and consumer preferences, thereby enhancing the value of Vietnamese rice.

More News

FTA Index helps measure the effectiveness of FTA implementation

FTA Index helps measure the effectiveness of FTA implementation

VCN - Participation in many new-generation free trade agreements (FTAs) has opened up many opportunities for Vietnam to grow and diversify import-export markets, attracting investment. However, there are also many difficulties and challenges that require a set of indicators to evaluate the implementation results of FTAs ​​(FTA Index) to measure the implementation results.
Nghệ An Province anticipates record FDI amidst economic upswing

Nghệ An Province anticipates record FDI amidst economic upswing

This places the province among the top 10 nationwide in FDI attraction, showcasing its increasing appeal to international investors.
Green farming development needs supportive policies to attract investors

Green farming development needs supportive policies to attract investors

The numbers investing in this sector remains modest, because the supportive mechanisms and policies for the investors are not attractive enough, according to experts.
Vietnamese enterprises adapt to green logistics trend

Vietnamese enterprises adapt to green logistics trend

Principal of the School of Business at the National Economics University, Associate Professor Dr Tạ Văn Lợi, talked to Vietnam News Agency about solutions for domestic enterprises to become more green in terms of logistics.
Paving the way for Vietnamese agricultural products in China

Paving the way for Vietnamese agricultural products in China

VCN - The signing of protocols between the Ministry of Agriculture and Rural Development of Vietnam and the General Administration of Customs of China has created momentum for many domestic agricultural products. In 2025 and the coming years, participating in cross-border e-commerce channels is considered a potential direction for domestic enterprises to directly approach Chinese consumers.
VN seafood export surpass 2024 goal of $10 billion

VN seafood export surpass 2024 goal of $10 billion

Việt Nam’s seafood export in 2024 has surpassed its target of US$10 billion despite many challenges related to the market, logistics and materials, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP).
Exporters urged to actively prepare for trade defence investigation risks when exporting to the UK

Exporters urged to actively prepare for trade defence investigation risks when exporting to the UK

The UKVFTA and the UK’s official participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) from December 15 are creating significant opportunities for Việt Nam to expand exports to the UK. However, the risk of trade defence investigations is always present.
Electronic imports exceed $100 billion

Electronic imports exceed $100 billion

Computers, electronic products and components are the first import group to exceed the US$100 billion mark this year.
Forestry exports set a record of $17.3 billion

Forestry exports set a record of $17.3 billion

Việt Nam’s forestry export turnover is estimated to reach a record of US$17.3 billion in 2024.
Read More

Your care

Latest Most read
Việt Nam becomes second biggest garment exporter globally

Việt Nam becomes second biggest garment exporter globally

Việt Nam’s garment and textiles export is projected to hit nearly US$44 billion this year, positioning the country as the world’s second biggest exporter, only behind India, said General Director of the Vietnam National Textile and Garment Group (Vinatex) Cao Hữu Hiếu.
Vietnam may surpass Bangladesh in garment export: report

Vietnam may surpass Bangladesh in garment export: report

Vietnam’s apparel and textile sector is set to earn an export revenue of $44 billion this year, up 11 percent year-on-year, and will likely surpass Bangladesh to become the world’s second-biggest exporter in the sector.
Export tax to increase for 13 construction materials

Export tax to increase for 13 construction materials

The rate was specified in Chapter 68 of the Government’s Decree 26, issued on May 1, 2023.
Building a brand to elevate Vietnamese rice

Building a brand to elevate Vietnamese rice

The implementation of the Sustainable development plan for 1 million hectares of high-quality, low-emission rice specialized cultivation, aligned with green growth, will contribute to building the brand of Vietnamese rice.
FTA Index helps measure the effectiveness of FTA implementation

FTA Index helps measure the effectiveness of FTA implementation

VCN - In 2022, the Ministry of Industry and Trade has developed a Project on the set of indicators to assess the implementation results of FTAs ​​(FTA Index). Currently, the FTA Index is in the process of being finalized and will be announced as soon as p
Mobile Version