Egg packaging line at Ba Huan Joint Stock Company. (Photo: SGGP)

Government needs to be more drastic to save businesses

Nearly 93,500 enterprises have had to leave the market since the beginning of this year, an increase of 15.6 percent over the same period last year. The Covid-19 pandemic has developed complicatedly and has been negatively affecting the production of domestic enterprises.
Vietnamese products are more diverse and eye-catching. (Photo: SGGP)

Enterprises create resilience for Vietnamese goods

The production situation of the food, foodstuff, and beverage processing industry is estimated to have decreased by 2.2 percent since the beginning of the year. Facing that fact, many domestic enterprises have increased their market share in the domestic market to limit the losing momentum.
Processing shrimps for export. (Photo: SGGP)

Vietnam’s exports not entirely rely on aquatic exports

The Office of the Ministry of Industry and Trade (MoIT), on October 24, informed the press that the balance of trade of Vietnamese goods between domestic and foreign-invested (FDI) enterprises was veering strongly, at the same time affirmed that Vietnam's current export turnover does not entirely depend on shrimps and fish.
More domestic manufacturers participate in global supply chains

More domestic manufacturers participate in global supply chains

In the past three years, Ho Chi Minh City has made great efforts to revive and develop the supporting industry. Besides the capital support policy, in the past three consecutive years, the city’s Department of Industry and Trade has coordinated with foreign direct investment (FDI) enterprises to implement a program to improve production efficiency for enterprises operating in the supporting industry. Thanks to that, many Vietnamese enterprises have gradually increased their competitiveness. 
Manufacturing products for domestic consumption and export at Agimexpharm. (Photo: SGGP)

Export markets expected to boom

Up to 45.6 percent out of 6,500 enterprises participated in a survey said that the trend of production and business in the fourth quarter would be better. The export market will see booming purchasing power, which has been held back for a long time.
Mr. Nguyen Thanh Phong, Chairman of the Ho Chi Minh City People's Committee, exchanges with domestic enterprises about the capability of supplying supporting industry products for FDI enterprises. (Photo: SGGP)

Foreign direct investment capital into Vietnam increases thanks to FTAs

Generally, in the first nine months of this year, the total foreign investment capital into Vietnam reached US$21.2 billion. Of which, there were 1,947 newly-licensed projects. Many economic experts affirmed that the free trade agreements (FTAs) that Vietnam has already signed and will sign this year are accelerating the flow of foreign investment to Vietnam.
Customers go shopping at Co.opmart. (Photo: SGGP)

Vietnam’s retail market before EVFTA takes effect

Over the past years, with the advantage of a potential distribution market thanks to a large population size of 96 million people, and young population structure with 60 percent of the population at the age from 18 to 50, along with other favorable factors, the wave of domestic and foreign direct investment capital has continued to pour into the retail industry of Vietnam.
Quality management systems and tools are helping enterprises to improve their manufacturing lines while minimizing mistakes and risks or waste.

National Quality Awards fosters quality improvement among domestic enterprises

The application of a quality and performance monitoring system among businesses in Ho Chi Minh City (HCMC) is showing positive signs since many have already increased their revenues by 3 to 7 times. The National Quality Awards, therefore, plays a critical role in encouraging enterprises to redefine their direction and improve their performance.