Over 90% of businesses resume operation

VCN - According to the Ministry of Industry and Trade, so far, many provinces and cities across the country have recorded from 80% to over 90% of businesses resuming operations and restoring production chains.
Textile, leather and footwear will have a high export turnover in 2021 compared to 2020. Photo: Nguyen Hue
Textile, leather and footwear will have a high export turnover in 2021 compared to 2020. Photo: Nguyen Hue

Specifically, in Long An province, as of November 18, 2021, it is estimated that 91% of enterprises have resumed operation with about 330,000 employees (the province has 13,590 registered enterprises).

In which, about 3,400 manufacturing enterprises with 263,166 employees; about 4,000 businesses dealing in essential goods and services with about 57,800 employees.

Most of the enterprises in the remaining service industries (commercial, restaurant, consulting, other services) have also come into operation, but have not sent the plan to restore production and business to the management agency.

The remaining businesses that have not yet operated include businesses that have not yet received orders, while businesses in the hotel, travel, tourism, children's game services, swimming pools, are still worried about the pandemic.

Similarly, in Ben Tre province, the Ministry of Industry and Trade said, so far, the province has 3,841 operating enterprises with 92,067 employees (accounting for 89% of the total number of operating enterprises); 46,072 business households with 82,902 employees (accounting for 93.1% of the total number of active business households).

Currently, enterprises in the province are gradually returning to production and business activities in the new situation. Specifically, coconut businesses produce about 50-60% of their capacity because the raw materials of coconut fruit are low in output and high in price. The raw material seafood business is stable, but due to a decrease in market demand, it is currently producing 30-40% of its capacity and is expected to reach about 80% of the year’s plan by the end of the year.

Garment enterprises operate stably in the new situation, however, the cost of input materials has increased by 10-30% and is facing a shortage of labor resources, expected to reach about 70% of the year’s plan by the end of the year.

Soc Trang province has 312 enterprises engaged in industrial production with a total of 48,694 employees.

In which, An Nghiep Industrial Park has 47 operating enterprises with 22,000 employees; outside the industrial park, there are 265 operating enterprises with 26,694 employees. So far, enterprises in An Nghiep Industrial Park have restored production by 84% and enterprises outside the industrial zone have reached 54.4% of capacity.

For Dong Thap province, the Ministry of Industry and Trade said the number of operating enterprises approved by the district People's Committee is 264 of 431 enterprises with 46,365 of 54,116 employees. According to the Special Working Group of the Ministry of Industry and Trade, the production recovery of enterprises in the province is accelerating in order to quickly adapt to the new situation.

In Can Tho city, by November 17, 2021, 984 manufacturing enterprises (equivalent to 84.25%) have resumed operations (an increase of 676 enterprises compared to October 18, 2021). The remaining 184 enterprises have not yet developed a plan to resume production operations (equivalent to 15.75%).

According to the assessment of the Department of Industry (Ministry of Industry and Trade) and industry associations, in general, the support policies of the State in recent years have promoted effectiveness in removing difficulties and obstacles for businesses.

The positive impact in October showed signs of recovery when the Index of Industrial Production (IIP) was estimated to increase by 6.9% compared to the previous month.

In particular, key export industries such as textiles, garments, footwear, and electronics are forecasted by associations to have a high export turnover in 2021 compared to 2020 when businesses gradually have access to many large international orders.

However, a representative of the Department of Industry said that the Covid-19 pandemic continued to be unpredictable. The risk of disease outbreaks can happen again anywhere and anytime.

The pandemic has also changed many aspects of socio-economic life and people's consumption habits, causing difficulties and challenges for businesses in forecasting the market to estimate business results.

By Thanh Nguyen/ Kieu Oanh

Related News

In June, import-export turnover through Hai Phong Customs reached more than US$11 billion

In June, import-export turnover through Hai Phong Customs reached more than US$11 billion

VCN - Import-export turnover cleared at Hai Phong Customs Department in June tended to decrease compared to May but remained at a high level.
Ho Chi Minh City: Maintains the top position in exports

Ho Chi Minh City: Maintains the top position in exports

VCN - For the first time, export turnover through Ho Chi Minh City port border gates has reached approximately the same as import turnover, bringing Ho Chi Minh City to the top position in exports. This achievement is not only resulted from the support and facilitation of the authorities but also the great efforts of businesses.
Export turnover increases over 14.9%

Export turnover increases over 14.9%

VCN - By the end of May, export activities maintained a double-digit increase with a turnover of US$156.28 billion.
Many exported seafood products have experienced high growth

Many exported seafood products have experienced high growth

VCN - Except for shrimp products, which decreased slightly, all exported seafood products in May 2024 all grew well, including many products with high double-digit growth spurts.

Latest News

Cambodia is Việt Nam

Cambodia is Việt Nam's largest source of cashew nuts

Việt Nam imported nearly 1.5 million tonnes of cashew nuts in the first six months of this year, worth US$1.8 billion.
US cancels tax evasion probe into wooden cabinets imported from Vietnam

US cancels tax evasion probe into wooden cabinets imported from Vietnam

The US Department of Commerce (DOC) has ended in its entirety the probe into trade remedy tax evasion on wooden cabinets imported from Vietnam, according to the Trade Remedies Authority of Vietnam (TRAV) under the Ministry of Industry and Trade.
Enterprises lose competitive advantage due to regulations on enhancing micronutrients in food

Enterprises lose competitive advantage due to regulations on enhancing micronutrients in food

VCN - Many enterprises are facing the risk of reduced competitiveness of domestic and export goods due to the lower cost of imported goods, which do not incur the expenses associated with enhancing iodine, iron, and zinc, resulting in Vietnamese goods being outcompeted at home.
If it is "permissive", OCOP products will not be effective for export

If it is "permissive", OCOP products will not be effective for export

VCN - According to experts, if it is "permissive" in recognizing OCOP products, only caring about beautiful designs and packaging without paying attention to quality, transparency of environmental and social issues..., it will not be effective in exporting.

More News

88.8% of import turnover are equipment and raw materials for production

88.8% of import turnover are equipment and raw materials for production

VCN - In the first six months of 2024, import turnover of goods is estimated to reach US $178.45 billion, up 17% over the same period last year. The import structure of goods in the first six months of the year shows a positive signal when up to 88.8% of the total import turnover is the group of goods that need to be imported.
Vietnam

Vietnam's textile industry gains edge with high-value production capabilities

Vietnam has scored higher overall than China and Bangladesh in the United States Fashion Industry Association (USFIA)’s recent survey comparing the competitive advantages of textile-exporting countries to the US.
Trade disputes are rarely brought to international courts

Trade disputes are rarely brought to international courts

VCN - Stating that trade disputes have a significant impact on import-export activities of businesses, talking to the press, Mr. Tran Viet Anh, Vice Chairman of the Ho Chi Minh City Business Association, made many recommendations for businesses.
Banks permitted to sell investment-linked insurance products

Banks permitted to sell investment-linked insurance products

Commercial banks can continue to sell investment-linked insurance products through the bancassurance channel.
Agricultural, forestry and fishery product exports reached US $ 29.2 billion in the first half of the year

Agricultural, forestry and fishery product exports reached US $ 29.2 billion in the first half of the year

VCN - In the first six months of the year, total export turnover of agricultural, forestry and fishery products reached US $29.2 billion, up 19% over the same period in 2023.
Quality varieties spur Vietnamese rice industry

Quality varieties spur Vietnamese rice industry's growth: experts

The success of the rice sector is the fruit of a concerted effort spanning research, production and trade, with high-quality seeds delivered to farmers' hands, former Minister of Agriculture and Rural Development Cao Duc Phat has assessed.
Minister asks for FIATA’s support in dealing with increased shipping freights

Minister asks for FIATA’s support in dealing with increased shipping freights

Minister of Industry and Trade Nguyen Hong Dien has suggested the International Federation of Freight Forwarders Associations (FIATA) provide practical measures to assist Vietnamese businesses in overcoming challenges caused by the increased shipping freight rates, port congestion, and shortage of empty containers.
Efforts made to help firms deeply join global semiconductor supply chain

Efforts made to help firms deeply join global semiconductor supply chain

The Ministry of Planning and Investment (MPI) has taken various solutions to support domestic firms to join the global semiconductor supply chain more intensively, heard a meeting held on July 15 by the ministry.
What do businesses do to cope with foreign trade traps?

What do businesses do to cope with foreign trade traps?

VCN - In commercial disputes that are required to be resolved at the Vietnam International Arbitration Center (VIAC), many Vietnamese businesses are suffering disadvantages due to negligence right from the negotiation and contracting.
Read More

Your care

Latest Most read
Cambodia is Việt Nam

Cambodia is Việt Nam's largest source of cashew nuts

Việt Nam imported nearly 1.5 million tonnes of cashew nuts in the first six months of this year, worth US$1.8 billion.
US cancels tax evasion probe into wooden cabinets imported from Vietnam

US cancels tax evasion probe into wooden cabinets imported from Vietnam

The US Department of Commerce (DOC) has ended in its entirety the probe into trade remedy tax evasion on wooden cabinets imported from Vietnam, according to the Trade Remedies Authority of Vietnam (TRAV) under the Ministry of Industry and Trade.
Enterprises lose competitive advantage due to regulations on enhancing micronutrients in food

Enterprises lose competitive advantage due to regulations on enhancing micronutrients in food

VCN - However, the business community and food industry associations were very surprised and disappointed with the draft amendment to Decree 09 by the Ministry of Health. The draft essentially maintains the problematic provisions of Decree 09, Ms. Ly Kim
If it is "permissive", OCOP products will not be effective for export

If it is "permissive", OCOP products will not be effective for export

VCN - After 5 years of implementing the One Commune One Product Program (OCOP Program), as of June 2024, the whole country has 13,368 OCOP products in 7,000 industries, of which more than 70% are rated 3 stars, about 26% are rated 4 stars and the rest are
88.8% of import turnover are equipment and raw materials for production

88.8% of import turnover are equipment and raw materials for production

VCN - Assessing the situation of importing goods, the Ministry of Industry and Trade said that in June 2024, it is estimated to reach US $30.15 billion, down 7.9% compared to the previous month, compared to the same period last year, the import turnover o
Mobile Version