Bringing along an eager mind to enter the new Lunar year, the community of businesses in HCMC hope that the global economy will gradually recover, and that they will receive more orders in the future to overcome current financial difficulties.
Understanding the challenges that laborers are facing, the local authorities at many provinces are working with labor unions and enterprises to launch various programs to aid workers during the year end and upcoming Tet holiday.
While many businesses have a high demand for capital at the end of the year for business loans, workers’ salary payments, and bonuses, banks are not allowed to extend more credit to their customers; therefore, businesses have to struggle to find capital.
On the occasion of Vietnam Entrepreneurs Day on 13 October, Dr. Nguyen Dinh Cung, former director of the Central Institute for Economic Management, said in his talk with Saigon Investment, that it is necessary to remove institutional bottlenecks that are holding back private enterprises from growing despite their many efforts.
The project ‘Developing the Application of Data on Population, Identification, Electronic Authentication Data for National Digital Transformation in the 2022-2025 Period, with a vision toward 2030’ (Project 06) is in progress. All related ministries, state agencies, local authorities are determinedly accelerating the project, requiring smoother and more synchronous cooperation.
A dialogue between the city’s government and businesses was held by the People’s Council of HCMC on August 31 to look for problem-solving measures to improve the investment environment and help enterprises speed up their business growth.
The delegation of HCMC high-ranking officials led by Chairman of the HCMC People’s Committee Phan Van Mai had a meeting with Vietnamese young intellectuals and businesses on July 23 (local time), continuing the delegation’s visit to the US.
On April 18, Ho Chi Minh City Food Safety Management Board launched Action Month for Food Safety in 2022 with the theme ‘Continuing to improve the roles and responsibilities of producers, traders, and consumers in consuming agricultural products’.
Enterprises have continued to propose a reduction of seaport infrastructure fees that have been collected starting on April 1 to relieve the burden on companies affected by the Covid-19 pandemic at a conference on seeking measures to reduce import and export costs for businesses.
Many enterprises now believe that F0s and F1s can go to work to help employees feel comfortable and help enterprises have enough workers to maintain production and business activities. The fact that F0s and F1s keep working is also appropriate in the context of fully reopening from March 15 and heading to consider Covid-19 as an endemic disease.
During the fourth Covid-19 outbreak in Ho Chi Minh City, as the supply chain was severely interrupted, everything seemed like a nightmare to most companies there. However, thanks to innovative ideas and timely implementation of technologies, many have upgraded themselves to effectively cope with the situation and even develop remarkably.
As a driving force of economic growth, enterprises should be more proactive in building production and business plans in the new situation given complicated developments of the Covid-19 pandemic, Minister of Industry and Trade Nguyen Hong Dien has said.