Hanoi (VNA) – The development of the Vietnamese “eagles” is a key task in winning the market share amid new-generation free trade agreements , heard a forum held by the Ministry of Industry and Trade (MoIT) in Hanoi on October 29.
Experts and business leaders met to discuss measures to enhance the competitiveness of Vietnamese products during the global COVID-19 pandemic.
Vietnamese products are becoming more attractive on the market and winning increasing trust from consumers, while the coverage of “Made in Vietnam” products is becoming broader, affirming the position of the products on the domestic market.
However, amid the current intensive and extensive integration and impacts of the COVID-19 pandemic , changes have been seen in supply chains and the competitiveness of businesses, especially small- and medium-sized enterprises (SMEs).
Facing risks of direct competition
The results of a survey conducted by the Institute for Public Opinion Studies under the Party Central Committee’s Commission for Information and Education in 2019 showed that 88 percent of consumers said that they were interested in the movement of Vietnamese people prioritising the use of Vietnamese products, while 67 percent told themselves to prioritise Vietnamese goods while shopping, and 52 percent said that they advised their relatives and friends to use Vietnamese products.
Meanwhile, the ratio of Vietnamese products sold in distribution channels has been high at 90-93 percent in Co.opmart, 90-95 percent in Satra, 96 percent in Vinmart, 95 percent in Vissan and 95 percent in Hapro. In foreign-owned distribution channels, the ratio has also kept at 65-96 percent.
Deputy Minister of Industry and Trade Do Thang Hai said that the signing of free trade agreements (FTA) has helped expand and diversify the import-export markets for Vietnam.
The financial service market has been developed with the involvement of many foreign investors, while the mechanisms and policies in the field have been completed to meet the demand of integration and commitments the country has made in FTAs, he said.
Hai noted that, together with the joining of the WTO in 2007, the involvement in FTAs has contributed to increasing Vietnam’s GDP by 300 percent and raising import-export revenue by 350 percent.
According to Le Viet Nga, deputy head of the Domestic Market Department under the MoIT, the national culture and regional specialties have been optimised to approach domestic and foreign consumers through trade fairs, supply-demand connection events and the “One Commune-One Product” (OCOP) Programme.
Currently, 2,049 OCOP products from 45 cities and provinces have been rated with three stars and above, including 43 products having high potential of receiving five stars. At the end of 2020, more than 3,800 OCOP products are expected to be standardised, she said.
However, Nga pointed out that the engagement in FTAs, especially new-generation deals such as the EU-Vietnam FTA and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has brought about shopping chances for consumers, but also put challenges on Vietnamese products.
The shortcomings in production scale and market experience are one of the weaknesses of Vietnamese firms, she said.
Statistics from the Ministry of Planning and Investment showed that Vietnam has nearly 800,000 operating businesses, the majority of which are small and medium in size.
Tran Duy Dong, Deputy Minister of Planning and Investment, said that the ratio of medium and big firms is too low at about 3 percent, leaving a big hole in the business structure.
Due to their modest size, Vietnamese firms face difficulties in attracting investment, reforming technology, expanding scale and improving their management capacity, Dong said.
Creating new competition motivation
The existing shortcomings have led to a few numbers of domestically-funded businesses engaging in the value chains of leading domestic businesses and foreign-invested companies.
Citing the statistics of the LinkSME project, MoIT leaders said that businesses from Japan – one of the biggest investors of Vietnam – buy about 32.4 percent of input products and services from local suppliers. The figure is much lower than that by Japanese-funded firms in China (67.8 percent), Thailand (57.1 percent) and Indonesia (40.5 percent).
Moreover, the World Bank report also clarified that the connections between domestic and foreign private companies or between small and big enterprises are limited.
For example, for 20 major automobile assembly companies in Vietnam, there are only 81 suppliers at level one and 145 at levels two and three. But Thailand has only 16 big automobile assembling firms but the country has 690 suppliers at level 1 and 1,700 at levels two and three.
Associate Prof. Dr. Tran Dinh Thien, a member of the Government Advisory Board, held that it is necessary to roll out urgent solutions to help businesses to adapt to the “new normal” situation by building the foundations for the market economy, which are input markets.
Mentioning the establishment of a new mindset and approach to the “invitation of eagles” and “building nest for eagles to lay eggs”, Thien said that it is necessary to develop the force of Vietnamese businesses into a national action programme and strategy which is placed in the top priority, in which, the growing of “Vietnamese national eagles” is the key factor.
Thien said that the national startup should be re-designed to match the requirements of the era, thus rapidly changing blood for the economy. He also stressed the need to build an institution system matching the digital, high technology and knowledge-based economy.
In order to create new motivation for the stronger engagement of small and medium enterprises in value chains and linkages, Deputy Minister of Planning and Investment Tran Duy Dong said that over the years, the Ministry of Planning and Investment has coordinated with ministries, sectors and localities to promote programmes to support firms in market, production and business connectivity, trademark development and finance. Besides, the ministry has implemented a USAID-funded Linkages for Small and Medium Enterprises (LinkSME) Project with an aim to help businesses enhance their competitiveness and involve deeper in the global production and value chains.
One of the major objectives of the project is to enhance relations between Vietnamese SMEs and businesses at the top of the supply chain and improve the capacity for the firm to join regional and global supply chains. In 2023, the project is expected to support the formation of 52 linkages./.
Five domestically-transmitted cases of COVID-19 reported on April 29
Vietnam recorded 45 cases of COVID-19 in the past 12 hours to 6pm April 29, with 39 detected among people being quarantined after arrival, one case who had completed quarantine after arrival and five connected cases, according to the Health Ministry.
Patient 2899 returned from Japan on April 7 and was released from a concentrated quarantine site in Da Nang on April 22 after completing two weeks in quarantine and testing negative for the coronavirus three times. After returning to his home in the northern province of Ha Nam, he showed symptoms of coughing, fever and sore throat, and turned out to be positive on April 24. Four others in his family also contracted the virus.
Another case detected in Ho Chi Minh City was also connected to Patient 2899.
The total number of COVID-19 cases in the country rose to 2,910, with 2,516 having recovered. The death toll remains at 35.
Among patients still under treatment, 13 have tested negative for SARS-CoV-2 once, 15 twice and 20 thrice.
Meanwhile, 38,513 people are being quarantined nationwide.
Ha Nam authorities have taken urgent measures to track people who had made contact with Patient 2899. The village where he lives has been put under lockdown./.
Vietnam stands side by side with India in COVID-19 fight: leaders
Vietnam always stands side by side with India in the fight against COVID-19, the Vietnamese leaders affirmed on April 28.
In their messages of sympathy sent to their Indian counterparts Ram Nath Kovind and Narendra Modi, State President Nguyen Xuan Phuc and Prime Minister Pham Minh Chinh said they share difficulties faced by the Indian people in the fierce battle against COVID-19 in the context that the pandemic is developing complicatedly around the world.
They expressed his belief that India will uphold its great internal strength to soon bring the country out of this difficulty, for the peaceful, happy and prosperous life of the residents.
On the same day, Foreign Minister Bui Thanh Son cabled his sympathy to his Indian counterpart Subrahmanyam Jaishankar.
Culture ministry calls for COVID-19 vigilance during national holiday
The Ministry of Culture, Sports and Tourism (MoCST) has asked provincial and local authorities in the field of culture, sports and tourism to enforce preventive measures against the COVID-19 pandemic, especially during the upcoming four-day national holiday.
In an official circular issued by the ministry and sent to the People’s Committees of provinces and cities on Monday, the ministry said the COVID-19 pandemic continues to develop in the world with the number of new cases and deaths still increasing in many countries.
Notably, the pandemic is booming on a large scale in a number of countries that share a border with Việt Nam, it said.
“Although it has been well controlled domestically, the risk of returning outbreaks is always permanent, especially from sources of official entries and illegal immigration,” the ministry said in its circular.
The ministry warned that some people have been negligent in pandemic prevention.
To maintain control of the pandemic, the ministry urged People’s Committees of provinces and cities to strictly follow the directions of Prime Minister Pham Minh Chinh on strengthening COVID-19 pandemic prevention and control, with continued vigilance against the risk of a new outbreak.
It is necessary to ensure absolute safety for residents and tourists, according to the ministry.
The ministry also asked provinces and cities to limit the organising of unnecessary events and activities that gather crowds of people and direct local tourist service units and agencies to register and self-assess their COVID-19 safety measures.
Provincial and city authorities should inspect pandemic prevention and control measures to promptly detect violations and issue strict punishments if necessary.
The ministry has requested provinces and cities to report on the results of the implementation of the COVID-19 prevention and control programme not later than May 10.
Highland market to be recreated in Hanoi
People of Hanoi capital and tourists will have a chance to watch unique cultural performances and sample specialties of ethnic people in the highland region when a highland market is recreated in the capital city.
Such a market is scheduled to be held at the Vietnam National Village for Ethnic Culture and Tourism in Son Tay town on the outskirts of Hanoi between April 29 and May 3 as part of activities to celebrate National Reunification Day (April 30) and May Day (May 1).
The highlight of the event is set to be an array of booths which will display a range of agricultural and forestry products, along with handicraft items and traditional food native to Hoang Su Phi district in Ha Giang province.
A photo and book exhibition is due to be held in order to introduce the culture and tourism products of the northwestern region to visitors.
Brocades of ethnic groups such as the Mong, the Thai, and the Dao will be put on sale, while their folk games are anticipated to attract plenty of participants.
Most notably, “Keo Vo”, wife snatching, a ritual of the Mong ethnic group, will be recreated daily between 10:00 a.m. and 10:30 a.m., along with 3 p.m. and 4 p.m., from April 30 to May 3.
Plenty of art performances will also be held at fixed times such as from 9:30 a.m. to 10:30 a.m., and 3 p.m. to 4 p.m., each day from April 29 to May 3.
HCM City prepares to host Vietnam Junior Fashion Week 2021
The 14th version of Vietnam Junior Fashion Week is set to get underway in Ho Chi Minh City from May 1 to May 2, with the occasion due to feature the participation of many famous local fashion designers.
For the first time ever, child patients of Ho Chi Minh City Oncology Hospital will perform alongside other professional child models, with the aim to encourage them to overcome their difficulties and help make their dreams come true.
During the course of the two-day event, a total of 14 fashion designers and brands, including Domark Kid, An ST, Vicky Princess, Lala Babe, and Cindy For Kids, will introduce their latest collections to excited viewers.
Vietnam Junior Fashion Week was first held in 2016 and has been held annually since in both Hanoi and Ho Chi Minh City. Famous Vietnamese model Xuan Lan is the founder of the event.
No new COVID-19 cases logged over 12 hours, vaccination effort ramping up
Vietnam reported no new COVID-19 cases during the past 12 hours to 6:00am on April 29, keeping the national count at 2,865, according to the Ministry of Health.
As many as 38,513 people having close contact with COVID-19 patients or entering Vietnam from pandemic-hit regions are currently quarantined across the country.
The ministry’s Medical Service Administration reported that a total of 2,516 patients have been given the all-clear from COVID-19 so far, while the death toll related to the disease remains at 35.
Among active patients undergoing treatment, 13 tested negative to the coronavirus once, 15 twice and 20 thrice.
Vietnam’s COVID-19 vaccination effort is ramping up with 92,445 people vaccinated on April 28, the highest number of doses administered daily to date. A total of 425,638 people have been vaccinated against the virus in Vietnam so far, most of who are frontline medical workers and members of community-based anti-COVID-19 groups and steering committees for COVID-19 prevention and control in localities.
The Health Ministry continuously warns about the high risk of the pandemic to spread to Vietnam, and urges people to remain proactive in pandemic prevention and control by continuing to wear face masks when going out, disinfecting frequently, maintaining a safe distance, refraining from mass gatherings, and making medical declarations./.
Vietnam, Russia promote AI cooperation
The Committee for External Relations of St. Petersburg on April 28 organised a teleconference on cooperation between Vietnam and Russia in artificial intelligence (AI).
This is the first online conference between the two countries in the field which is developing rapidly and holding both development potential and challenges.
It received the support from the Vietnam Software & IT services (VINASA), Russoft – an association of software developing companies in Russia, the Technological Sovereignty Exports Association, and the Overseas Vietnamese Association in Russia.
Deputy Chairman of the Committee for External Relations of St. Petersburg Vyacheslav Kalganov said that the theme of this teleconference is a topical issue because the current technology development makes the demand for control and automation systems increase.
Experts and speakers exchanged views on the high technology situations in the two countries as well as potential cooperative fields.
They highlighted priorities for cooperation between the two countries in information technology and digital transformation and made interactive proposals in the AI field./.
State leader chairs meeting on building key legal training institutions
State President Nguyen Xuan Phuc, who is head of the Central Steering Committee for Judicial Reform, chaired a meeting discussing the building of several key legal training institutions on April 28.
The meeting assessed the results of implementing the Prime Minister’s Decisions on a project to build the Hanoi Law University and Ho Chi Minh City Law University into key educational institutions for training legal officers and a project to turn the Academy of Justice into a major training centre for judicial positions.
Addressing the event, President Phuc stressed that public units, including schools and hospitals, play an extremely important role in national developments.
He spoke highly of efforts made by the universities and academy to carry out the two projects, reflected through the improvement in their training scale and quality.
Phuc emphasised the need to continue increasing the training quality to meet higher requirements, especially in the context of international integration and the occurrence of international lawsuits and conflicts.
He affirmed that the State always pays attention to supporting the units, and require localities to help them in issues related to the ground and resources.
In order to become the country’s key units in training legal officers and judicial positions, the institutions must exert more efforts with a greater determination and the spirit of daring to think and daring to do and proactively proposing necessary mechanisms, policies and measures, he added./.
Saudi Arabia lends helping hand to disadvantaged Vietnamese
The Central Committee of the Vietnam Red Cross Society (VRSC) on April 28 received aid worth over 166,000 USD from Saudi Arabia’s King Salman Humanitarian Aid and Relief Center (Ksrelief) in support of poor Vietnamese households.
Saudi Arabian Ambassador to Vietnam Saud F.M. Alsuwelim handed over the aid to Vice Chairman of the VRSC Central Committee Tran Quoc Hung.
The ambassador affirmed that the Government of Saudi Arabia wants to develop ties with Vietnam in all areas. In the near future, it will deliver a batch of medical supplies worth 500,000 USD.
Hung, for his part, said the aid will be used to assist 6,890 families hard hit by disasters and the pandemic in An Giang, Binh Thuan, and Ninh Thuan provinces via the humanitarian market model, which offers food, necessities, and other goods of clear origin and good quality.
Each beneficiary household will receive a voucher worth 500,000 VND (21.7 USD) for shopping at the market, he said.
He also expressed his hope that ties between the two will become increasingly close.
In December 2009, the Saudi Arabian Ambassador to Vietnam handed over 200 tonnes of goods valued at 100,000 USD to the VRSC in support of people hit by typhoons./.
Vietnam, RoK beef up diplomatic collaboration
Foreign Minister Bui Thanh Son and his Republic of Korea counterpart Chung Eui-yong held their first phone talks on April 28, during which they agreed to maintain all-level exchanges, especially high-level ones, through flexible forms.
FM Chung congratulated Son on his election as Vietnamese FM, affirming to coordinate closely with him to lift the strategic cooperative partnership between the Republic of Korea (RoK) and Vietnam to a new height.
He appreciated Vietnam’s efforts to well control the COVID-19 pandemic. Affirming Vietnam is a key partner in the RoK’s New Southern Policy, he showed his belief that Vietnam will achieve its targets set out in its 2021-2030 socio-economic development strategy.
Son, for his part, expressed his delight at the rapid development of bilateral ties in all fields, affirming that Vietnam always considers the RoK one of its leading partners and wishes to further boost its relations with the country.
Both sides reached a consensus on stepping up close cooperation between the two foreign ministries, including in implementing activities in celebration of the 30th anniversary of bilateral diplomatic ties in 2022, working to achieve a goal of 100 billion USD in two-way trade, promoting the relationship between the two countries’ localities and businesses, as well as in citizen protection.
They agreed to support and coordinate closely with each other within the regional and international cooperation frameworks such as the United Nations and ASEAN-RoK.
They also exchanged views on regional and international issues of mutual concern, including the East Sea and Korean Peninsula issues. Regarding the Myanmar situation, the two ministers agreed to work closely at regional and international forums to call for relevant parties to exercise restraint, avoid the use of violence and conduct peaceful dialogue.
They took the occasion to invite each other to visit their respective country at an appropriate time./.
Top legislator holds working session with NA Committee for Science, Technology and Environment
National Assembly Chairman Vuong Dinh Hue held a working session with the standing board of the NA Committee for Science, Technology and Environment in Hanoi on April 28.
Speaking at the event, Hue said there remains room to continue improving the operational efficiency of the legislature, such as raising the quality of discussions in groups about issues with mixed opinions.
About lawmaking, he said the legislature and NA agencies should play a more active and guiding role and offer all possible support to lawmakers to carry out legislation initiatives.
He agreed with the committee’s proposal to increase monitoring of the implementation of documents guiding legal enforcement, as well as presentation activities at the NA Ethnic Council and NA committees.
Hue hailed the committee’s proposal to pilot digital transformation in several activities, and hoped that the committee will offer consultations to the legislature in building the e-legislature.
He also suggested the committee present reports on digital transformation, digital and circular economy in the NA’s upcoming meeting./.
Vietnamese, Malaysian senior officials convene strategic dialogue
The second Vietnam-Malaysia Senior Officials’ Strategic Dialogue took place virtually on April 28 under the chair of Assistant to the Foreign Minister Pham Quang Hieu and Deputy Secretary General at the Malaysian Ministry of Foreign Affairs Amran Bin Mohamed Zin.
At the event, the Malaysian official lauded Vietnam’s success in COVID-19 prevention and control, socio-economic development, and external relations, particularly in its positions as Chair of ASEAN in 2020 and a non-permanent member of the UN Security Council for 2020-2021.
Stressing that Vietnam is the only strategic partner of Malaysia in Southeast Asia, he affirmed that Malaysia always attaches importance to and wants to foster its cooperation with Vietnam so that the relations will be more extensive and effective.
For his part, Hieu expressed his belief that Malaysia will soon overcome the pandemic and recover its economy.
Taking the occasion to thank the Malaysian side for facilitating flights to repatriate Vietnamese citizens in the past time, the diplomat requested that Malaysia continue to support Vietnamese businesses and citizens living in the country as well as give humanitarian treatment to Vietnamese fishermen detained in Malaysian waters.
He stated Vietnam will continue creating favourable conditions for Malaysian investors, experts, managers, and skilled workers to enter Vietnam in line with health and pandemic control requirements.
The officials noted the robust growth of the Vietnam – Malaysia strategic partnership over the past years, and discussed specific collaboration orientations across fields to implement outcomes of a meeting between the two countries’ Prime Ministers on the sidelines of the recent ASEAN Leaders’ Meeting in Indonesia.
The two sides pledged to work closely to hold high-level and all-level delegation exchanges when conditions allow and to soon implement bilateral cooperation mechanisms such as joint committee and joint trade committee.
The officials noted they will also speed up the building of an action programme on implementing the nations’ strategic partnership for 2021 – 2025 so that the document can be approved by the 6th meeting of the countries’ joint committee for cooperating in economy and science-technology. The meeting is scheduled to take place in the last half of this year.
The sides also discussed regional and international matters of common concern and vowed to continue with mutual support and collaboration at multilateral organisations and forums, including ASEAN and the UN.
Regarding the East Sea issue, they emphasised the importance of maintaining peace, stability, security, and maritime and aviation safety in the waters; resolving disputes by peaceful measures in line with international law, particularly the 1982 UN Convention for the Law of the Sea (UNCLOS); and facilitating the negotiation on a practical and effective Code of Conduct in the waters (COC)./.
Vietnam promotes gender mainstreaming in climate change policies
Gender mainstreaming in climate change policies is crucial to promoting gender equality in Vietnam, according to Deputy Director of the Institute of Strategy and Policy on Natural Resources and Environment (ISPONRE) Nguyen Trung Thang.
At a workshop held in Hanoi on April 28, Thang said that ISPONRE carried out research on the state of gender equality in climate change policies in Vietnam, with focus sharpened on the four sectors of renewable energy, agriculture, water resources management, and garbage management.
The research showed that Vietnam has made efforts to complete policies on gender equality and climate change response but pointed out that women’s participation in policy making and management is limited.
Additionally, a lack of information and data on climate change’s impacts has affected the building and implementation of climate change policies with gender mainstreaming, he said.
The Vietnamese Government integrated gender equality and social inclusion in its updated Nationally Determined Contribution, which was submitted to the United Nations Framework Convention on Climate Change in September 2020.
Vietnam is among six countries hardest hit by extreme weather that killed 286 people and resulted in economic losses of 2 billion USD each year over the last two decades.
In a bid to cope with future challenges, Vietnam should adopt more ambitious targets to evaluate the state of gender mainstreaming in climate change policies, according to Swedish Ambassador to Vietnam Anne Mawe.
Experts at the workshop suggested promoting the application of technical instruction on gender mainstreaming in climate change policies in combination with the implementation of other development plans./.
Private sector important to public health emergency response: Workshop
A workshop held in Hanoi on April 28 highlighted the important role of the private sector and digital technology in public health emergency response and monitoring.
After global disease outbreaks in the past, 196 countries, including Vietnam, agreed to comply with the International Health Regulations 2005 to develop the capacity of collecting and analysing health information so as to make early warnings and response to public health events.
Event-based surveillance (EBS), one of two methods for monitoring communicable diseases, aims to quickly detect any public health events that run the risk of causing disease transmission and outbreaks or affecting public health, and to issue a timely and appropriate response, thus minimising any negative impact on the public.
EBS is conducted by collecting information from three main sources: the community, healthcare establishments or testing labs, and the media (press, social networks).
Nguyen Thi Huong, an official from the Ministry of Health’s General Department of Preventive Medicine, pointed out the low participation of private health establishments in public health surveillance and reporting, even though the sector is potentially a major source of input information for EBS.
Since 2020, based on the success of involving the private healthcare system in screening and reporting non-communicable diseases, malaria, tuberculosis, and HIV, Population Services International (PSI) Vietnam has applied chatbots, via which private healthcare facilities report suspected COVID-19 cases and infectious diseases that may turn into outbreaks.
The application has received financial support from the UK Department for International Development, the Unilever group, and the World Health Organisation in Vietnam.
PSI Vietnam has carried out a project on engaging the private sector in public health emergency response in Hanoi and the provinces of Bac Ninh, Thai Nguyen, Ha Nam, and Quang Binh. The project has applied technological solutions to optimise efficiency and increase the timeliness of the EBS system.
After six months, it has provided training on the system to nearly 3,100 pharmacies and clinics. More than 81,900 cases with suspected symptoms have been reported via the system, becoming a source of supplementary data for the early detection and zoning of disease hotspots.
Underlining the importance of engaging the private healthcare sector in EBS, UK Ambassador to Vietnam Gareth Ward said close cooperation between the Government, international organisations, and private healthcare establishments can help boost the application of scientific initiatives so as to secure the public’s health and safety and sustainable development./.
Experts seek solutions to fluorocarbon management
Vietnamese and foreign scientists and experts gathered at a conference in Hanoi on April 28 to share information on current regulations relating to the control of fluorocarbons and to exchange experience in the management of the ozone-depleting substances.
Tang The Cuong, Director of the Department of Climate Change at the Ministry of Natural Resources and Environment said that the agency has been assigned to compile documents guiding the implementation of the revised Environment Protection Law, which was adopted by the National Assembly in November 2020 and will take effect on January 1, 2022.
He said he hopes that participants will contribute to the creation of regulations on the management of fluorocarbons in Vietnam.
Nguyen Dang Thu Cuc, National Ozone Coordinator at the Department of Climate Change, said that Vietnam was one of the first countries to join the Vienna Convention for the Protection of the Ozone Layer and the Montreal Protocol on Substances that Deplete the Ozone Layer, in 1994.
In implementing the Montreal Protocol, it has completely excluded a number of ozone-depleting substances such as chlorofluorocarbons (CFCs), Halon, and carbon tetrachloride (CTC), while controlling the import and export of Methyl Bromide and implementing a roadmap to eliminate hydro-chlorofluorocarbons (HCFCs).
With the adopted roadmap, Vietnam will end the consumption and use of hydrofluorocarbons (HFCs), which are mostly used in the production of refrigeration, air conditioner, insulating foam, and aerosol propellants, from 2024. In 2045, HFC use is expected to be cut by 80 percent compared to baseline consumption, Cuc said.
She noted that, in 2019, the Government issued a resolution approving the amended and supplemented Kigali version.
Figures show that HCF consumption in Vietnam stood at more than 3,700 tonnes in 2019 and more than 6,000 tonnes in 2020.
Experts at the conference pointed to challenges facing countries in managing fluorocarbons. A Japanese representative shared information about a project to manage fluorocarbons’ lifecycle.
They also proposed a number of measures and solutions to manage HCFCs and HFCs, including the formation of a specialised agency to manage facilities using fluorocarbons./.
NA Chairman commends Economic Committee’s law-making performance
Chairman of the National Assembly (NA) Vuong Dinh Hue met with the standing board of the legislature’s Committee for Economic Affairs on April 28.
The top legislator highlighted the committee’s performance in law-making during the 14th tenure, as seen in its chairing of the verification and submission of 13 draft laws, including eight amended and supplemented laws and five new laws, to the NA for consideration and approval.
Among them, the law amending and supplementing certain articles of the Law on Credit Institutions, and the NA’s Resolution No 42/2017/QH14 on piloting the settlement of non-performing loans at credit institutions were milestones in legislative activities during the 14th tenure as they have been swiftly enforced in reality, he noted.
Meanwhile, he went on, the legal system on investment and business has been increasingly reformed and perfected, with the issuance of the Law on Investment, the Law on Enterprises, the Law on Investment in the form of Public-Private Partnerships, and the Law on Securities.
The committee’s verification reports have also been of higher quality and more persuasive, Hue said, asking that it continue working on a plan to reform and improve its activities.
The chairman requested the committee provide early and timely advice to the NA and the NA Standing Committee about major issues such as the five-year socio-economic development plan, the public investment plan, and the five-year financial plan.
It should thoroughly consult with experts about nationally important projects, he demanded.
The Committee for Economic Affairs also needs to assist the NA, the NA Standing Committee, and the Government in overhauling any overlaps and problems in legal regulations on investment and business, according to Hue./.
Exhibition highlights President Ho Chi Minh’s role in past general elections
An exhibition was opened at the Museum of Military Region 9 in the Mekong Delta city of Can Tho on April 28, giving visitors an insight into late President Ho Chi Minh’s role in the elections of the National Assembly (NA) and all-level People’s Councils in history.
The display is an activity celebrating 46 years since the South Liberation and National Reunification Day (April 30, 1975), the 131st birthday of President Ho Chi Minh, and the elections of deputies to the 15th NA and all-level People’s Councils for the 2021-2026 tenure that are slated for May 23.
It features more than 200 photos, documents, and objects showing the late leader’s role in the preparation for and organisation of the first general elections and the following ones.
Maj. Gen. Nguyen Thanh Hai, Deputy Chief of the Staff of Military Region 9, said the tradition of solidarity and working for the sake of the people and the country in the first NA, whose foundation was laid by President Ho Chi Minh, is one of the important prerequisites for the legislature in the 14th term, as well as in future tenures, to outstandingly perform the duties of the supreme organ of State power, helping to develop a Vietnam of prosperity and happiness.
The event will also help raise the community’s awareness of their role in selecting moral, capable, and prestigious persons representing the people’s aspirations and right to mastery for the 15th NA and all-level People’s Councils, he added.
The exhibition will last through this May./.
President attends ceremony marking International Labour Day
The Vietnamese Party and State always give special attention and care to the working class, labourers and trade unions, President Nguyen Xuan Phuc said on April 28.
Addressing a ceremony held in Hanoi to celebrate the 135th anniversary of International Labour Day (May 1), the President said workers and labourers have continued to play an important role after 30 years of reform, noting they are the driving force in the process of national industrialisation and modernisation.
President Phuc hailed initiatives raised by trade union members and employees nationwide for the development of their businesses, agencies, units and the nation as a whole.
Pointing out difficulties facing workers and labourers in general, notably those working in the informal sector, as Vietnam and the world are combating COVID-19, the leader stressed that the Party and the State have adopted effective measures to fight the pandemic and recover the national economy.
Incomes of labourers are expected to increase again and new jobs would be created in the time ahead, helping to boost the rapid, sustainable economic growth of the country, the President said.
In that spirit, he emphasised the need for the Vietnamese trade union to soon draw up an action plan in order to realise the Resolution adopted at the 13th National Party Congress, saying the plan must carry forward the core, pioneer role of workers and labourers nationwide.
At the same time, trade union organisations at all levels should revamp their operational methods to better care and protect legitimate rights and interests of workers, he said.
Nguyen Dinh Khang, President of the Vietnam General Confederation of Labour (VGCL), highlighted great contributions of the working class to the development of the Vietnamese revolution.
The VGCL has chosen the theme of “Solidarity, Creativity, Overcoming Difficulties, Development” for 2021, he said, adding that up to 245,000 initiatives were raised by workers and labourers across the country under a programme launched by the confederation.
On this occasion, the VGCL launched the Workers’ Month and the Month for Labour Safety and Hygiene./.
HCM City asked to support southwestern provinces in COVID-19 fight
Deputy Prime Minister Truong Hoa Binh has asked Ho Chi Minh City to maintain a high level of vigilance against COVID-19, improve its quarantine capacity, and be ready to support other localities, including southwestern border provinces.
At a working session with HCM City’s leaders on April 28, Binh said the city should review its COVID-19 prevention and control from the highest to the grassroots levels.
Along with strengthening the inspection of pandemic prevention activities, especially at hospitals, schools, supermarkets, and places of worship, it should strictly punish those who fail to abide by prevention and control regulations as well as those facilitating illegal entry into Vietnam and illegal immigrants, he said.
Amid the complex developments in the region and the world, localities around the country must strictly implement the directions from the Party Central Committee’s Secretariat, the Government, and the Prime Minister, especially during the National Reunification Day (April 30) and May Day (May 1) holidays and the upcoming general elections, the Deputy PM stressed.
At the working session, Deputy Minister of Public Security Sen. Lieut. Gen. Nguyen Van Son said that, since the beginning of April, the public security force has held four working sessions in southern localities on COVID-19 prevention while directing the force in HCM City to strengthen its engagement in the task.
Meanwhile, Minister of Health Nguyen Thanh Long said that HCM City is facing a high risk of another COVID-19 outbreak, stressing the need for it to work harder to prevent that from happening. Together with cancelling mass gatherings, the city should also prepare more medical equipment for fighting the pandemic, he said.
The minister hoped the city will help Mekong Delta localities in COVID-19 prevention and control.
According to Chairman of the municipal People’s Committee Nguyen Thanh Phong, the city has discovered 108 illegal immigrants since the beginning of April.
Although it has gone 73 days without any cases of domestic transmission, it has remained vigilant. Since April 27, it has strictly punished those not wearing a face mask in public places, while designing specific plans to ensure safety during the upcoming general elections, he said.
Nguyen Tan Binh, Director of the city’s Department of Health, said the southern hub has recorded 254 COVID-19 cases to date, including 68 domestically-transmitted infections.
Since the beginning of the year, it has sent 66 illegal immigrants to quarantine and is encouraging local people to make health declarations and strictly implement the “5K message”./.
Can Tho to take part in WWF’s One Planet City Challenge this year
The Mekong Delta’s Can Tho city will take part in the World Wide Fund for Nature (WWF)’s One Planet City Challenge (OPCC) this year, with the aim of transforming itself into a clean and green city, a recent meeting heard.
The statement was made by Chairman of the municipal People’s Committee Duong Tan Hien during a meeting with WWF representatives in the city on April 28.
The OPCC was initiated by the WWF to mobilise action and support from cities in the global transition towards a climate-friendly future and to promote measures for climate change mitigation and adaptation.
It first began in Sweden in 2011 and expanded globally in 2013, according to Tran Anh Tuan, technical advisor with the OPCC. Since 2017, it has been held twice a year on an increasingly larger scale, and more than 320 cities from 20 countries have joined in to date.
Via the challenge, he said, cities share smart, efficient solutions for low-carbon and climate-resilient urban development and drive the global transition towards a 100-percent renewable energy future.
More than half of the world’s population live in cities that are seeing rapid urbanisation, Tuan continued. They generate over 80 percent of global GDP but also contribute 70 percent of global greenhouse gas (GHG) emissions. As political and business hubs, cities should play a decisive role in mitigating climate change, he said.
A number of central cities in Vietnam have participated in the OPCC since 2015, including Hue, Da Nang, Hoi An, Dong Ha, Dong Hoi, and Vinh. In 2020-2021, two more – Can Tho and Soc Trang – are expected to join.
As a first-class municipality, Can Tho faces many of the same problems other cities are confronting in their development process, Hien said. It has taken part in several programmes and networks, such as The Rockefeller Foundation’s 100 Resilient Cities, in an effort to minimise the negative impacts of climate change in each area.
He pledged that Can Tho will fulfil all of its commitments and adopt effective measures to make itself a greener and more modern city when joining the OPCC.
In 2018, Da Nang was awarded the title National Capital of the OPCC, making it the only city in Vietnam to join a list of 21 winning cities around the world./.
Aviation sector tightens pandemic prevention for upcoming holiday
Increasing COVID-19 prevention and control measures have been noticed at Noi Bai International Airport in Hanoi and Tan Son Nhat International Airport in Ho Chi Minh City over the last few days as the National Reunification Day (April 30) and May Day (May 1) holiday approaches.
A representative from Noi Bai said the airport has worked with carriers and ground units to seek agreement on measures to control health declarations and deploy human resources for the task. In waiting areas, internet-connected computers and support teams are in place to help passengers complete their declarations.
At Tan Son Nhat, more security scanners have been added to handle any overcrowding.
On April 24, Deputy Minister of Transport Le Anh Tuan signed a dispatch for the Civil Aviation Authority of Vietnam (CAAV) and carriers Vietnam Airlines, Vietjet Air, Pacific Airlines, and Bamboo Airway on enhancing pandemic prevention measures at airports.
It strictly ordered the implementation of the Ministry of Health’s 5K message: khau trang (face masks), khu khuan (disinfectant), khoang cach (distancing), khong tu tap (no gatherings), and khai bao y te (health declarations).
Travel demand over the public holiday is expected to increase significantly, with travel companies saying that up to 60 percent of tours have been booked for the four-day holiday. Tourists are mostly taking short-distance trips and making brief stays in Sa Pa, Ha Long Bay, Phu Quoc Island, Da Nang, Da Lat, and Con Dao Island./.
Dong Thap aims to cut down poverty ratio by 0.5 percent in 2021
The Mekong Delta province of Dong Thap is striving to reduce the ratio of poor households by 0.5 percent in the end of 2021, according to a plan released by the provincial People’s Committee on the implementation of the National Target Programme on sustainable poverty reduction and social welfare.
In recent years, Dong Thap has seen a dramatic drop in the ratio to 1.86 percent in 2020 from 2.73 percent in 2019.
Various support policies have been applied, including providing credit for poor and near-poor households as well as those just escaped from poverty, and poor students. Last year, more than 443 billion VND was provided to more than 13,000 households.
Meanwhile, more than 124,800 health insurance cards have been handed over to poor locals, while more than 26,000 students have received learning support, and nearly 1,400 houses have been built for poor households.
As part of efforts to implement Resolution 42/NQ-CP issued by the Prime Minister dated April 9, 2020 on measures to assist COVID-19-impacted people, Dong Thap has provided more than 180 billion VND to more than 183,400 needy people to help them ease difficulties and stablise their life.
At the same time, the provincial Vietnam Fatherland Front (VFF) Committee and member orgaisations have mobilised more than 300 billion VND from the society and over 84 scholarships worth 51 billion VND for the poor.
Doan Tan Buu, Vice Chairman of the Dong Thap People’s Committee said that in order to complete the target of reducing the poverty ratio by 0.5 percent by the end of this year, the province will focus on associating the implementation of sustainable poverty reduction with the building of new-style rural areas.
Along with providing favourable conditions for locals, especially those in rural areas to access basic social welfare, the locality will conduct vocational training to rural labourers and increase labour export, he said./.
USAID launches environmental conservation projects in Việt Nam
The US Agency for International Development (USAID) is launching two new projects to facilitate Việt Nam to contribute climate-positive actions to helping address the global climate crisis, according to a recent announcement from the US Embassy in Việt Nam.
These new projects will help conserve more than 950,000ha of forested area across 12 provinces in the country.
“Healthier, fuller forests, coupled with strong biodiversity, is critical to reducing greenhouse gas emissions,” the statement reads.
The Sustainable Forest Management project, implemented by DAI Global, will reduce carbon emissions from deforestation, forest degradation, and poor timber plantation management in seven provinces.
The project is expected to strengthen Vietnamese law enforcement’s ability to combat forest crimes such as illegal logging, improve the livelihoods of 60,000 people in forest-dwelling communities, and strengthen the management of more than 250,000ha of forest.
The Biodiversity Conservation project, implemented by The World Wildlife Fund, will protect critical ecosystems to build resilience against the impacts of climate change, maintain and increase forest quality, and protect and stabilise wildlife populations.
The project is set to improve the ability of community patrol teams to detect and deter wildlife trafficking, improve economic opportunities for forest-dependent communities, and strengthen the management of 700,000ha of forest.
These activities build upon more than a decade of USAID’s partnership with the Vietnamese Government, the private sector, and other partners to protect forests and biodiversity, counter wildlife trafficking, and curb environmental pollution to mitigate the effects of climate change.
Belgium, Vietnam see growing multifaceted cooperation: Belgian politician
Vietnam is a priority partner of Belgium in many fields and bilateral cooperation has recorded fruitful developments, matching the demand and strengths of the two countries, a Belgian politician has said.
In an interview with the Vietnam News Agency’s correspondent in Belgium on April 28, Anne Lambelin, Vice President of the Belgian Socialist Party, said the successful organisation of the 13th National Congress of the Communist Party of Vietnam (CPV) and the perfection of key leadership by the Vietnamese National Assembly will offer the two countries opportunities to expand their multifaceted cooperation.
The increasing presence of young deputies in the next Vietnamese legislature is hoped to create favourable conditions for the two sides to further strengthen future cooperation, she said.
Referring to the prospect of multilateral cooperation, Lambelin emphasised that the European Union (EU) – Vietnam Free Trade Agreement (EVFTA), which has come into effect for eight months, is benefiting European countries and Vietnam in import and export fields.
As a country that attaches great importance to international trade and looks toward economic diplomacy through FTAs, Belgium considers the EVFTA an opportunity to promote its collaboration with Vietnam.
Cooperation in culture and education will also be a highlight in the bilateral relationship, while economic, cultural, and judicial connections will be paid more attention in the relations between the EU and Vietnam, she noted.
Regarding the East Sea issue, she emphasised the need to respect the self-determination of the people in each country on natural resources and national integrity, expressing her hope that there would be no escalation of tensions in the waters in the future and people in the region would not become victims of aggressive acts./.
Medical workers quarantined after contact with illegal entrants from Cambodia
As many as 40 medical workers from Tu Du Hospital have been put into quarantine and tested for the novel coronavirus (COVID-19) after coming into contact with two illegal entrants from Cambodia.
Nguyen Tan Binh, director of the Ho Chi Minh City Department of Health, said during a virtual meeting on April 28 held to discuss COVID-19 prevention and control in the city that the risk of transmission occurring in border areas remains high. This is largely due to the huge number of people who travel back and forth, both legally and illegally.
He also stressed that hospitals in Cambodia are currently overloaded due to a rise in COVID-19 cases. Therefore, many Vietnamese citizens there are attempting to find ways to return to home, including individuals who have contracted COVID-19. This represents a new threat to localities in general and Ho Chi Minh City in particular.
The southern city’s Department of Health immediately directed hospitals to implement prevention measures and requested that local people wear face masks in public areas, as well as declaring information honesty when filling in their health form.
Source: VNA/VNS/VOV/VIR/SGT/Nhan Dan/Hanoitimes
The ST25 rice trademark has not yet been lost, Vu Ba Phu, director of the Vietnam Trade Promotion Agency (Vietrade) told Lao Dong (Labour) newspaper, pointing out that the foreign firms’ registration dossiers are pending on the website of the United States Patent and Trademark Office (USPTO).
The ST25 trademark, created by Vietnamese farmer-scientist Ho Quang Cua, received the World’s Best Rice title during the World’s Best Rice competition held on November 12, 2019.
However, several US companies moved to register the trademarks “ST25” and “World’s Best Rice” from June, 2020. They also registered a patent to trademark phrases which refer to the famous Vietnamese rice, including “a specialty of Soc Trang” and “No.1 Vietnam’s ST25 rice”.
Vietnamese businesses should take urgent action in an effort to protect the trademark before it is too late, Phu recommended, adding local farmer Cua must prove himself as both the owner and creator of the rice variety.
Pham Thai Binh, general director of Trung An High-Tech Farming Joint Stock Company, underscored the importance of developing rice trademarks in line with the registration of trademark, intellectual property, and packaging label for the rice product.
Tran Thi Hong Minh, director of the Central Institute for Economic Management (CIEM), noted that the case is a prime example of local firms lacking knowledge with regard to registering trademark and intellectual property, a factor which hinders the introduction of Vietnamese products to the world.
Minh went on to stress the necessity of having a mechanism specifically for disseminating laws in a bid to help residents and businesses gain greater insights into policies for effective implementation in the future.
Hủ Tiếu Mực Ông Già Cali in coastal Vũng Tàu City specialises in only one dish – hủ tiếu – served with a tasty signature broth that keeps diners, including Mỹ Duyên, coming back for more.
Along with bánh canh, a thick rice-noodle soup, hủ tiếu (thin rice-noodle soup) is a popular dish in southern Việt Nam and also happens to be my favourite.
The soup is served with different kinds of broth and either pork or seafood or a combination of both. It is one of the best dishes from the south and should not be missed. It can be eaten for breakfast, lunch, or dinner, or even as a snack.
During my last visit to the southern coastal province of Bà Rịa – Vũng Tàu, my twins and I sampled seafood delicacies, including hủ tiếu mực , or thin-rice noodle soup with fresh squid, which may have been the most memorable.
I’m a fan of bánh canh and hủ tiếu, and when I can’t find time to cook, I often go out for a bowl. Mostly, I eat rice-noodle soup with pork, so this was the first time I had squid and pork soup, which had a decidedly different taste.
It was a windy evening when we arrived at the Vũng Tàu beach city. Because it was late for dinner, we were terribly hungry and went straight to Hủ Tiếu Mực Ông Già Cali, a nearby rice-noodle restaurant just after checking in at our hotel.
Located on Lê Hồng Phong Street, one of the beautiful streets in the centre of Vũng Tàu City that leads directly to the white sandy beach, the restaurant is a familiar destination for travellers.
With a good city view, it is full of visitors in the daytime, especially during the high season when tourists flock to the beach city to spend time with family and friends relaxing, eating, and enjoy the seaside.
Renowned for its fresh squid noodle soup in a striking yet informal setting, the restaurant never disappoints its loyal clientele, who come back year after year for the specialty and its fabulous flavours prepared in a southern manner.
The restaurant is designed like a typical wooden southern country house filled with wooden furniture. Everything is finely arranged and tidy. Its outdoor space is decorated with small beautiful flower pots, creating an airy atmosphere and cosy ambience.
We ordered three bowls of the fresh squid noodle soup at VNĐ69,000 each.
As the restaurant’s slogan is “ Hủ tiếu mực — Fine cuisine of the Vietnamese people”, it makes the soup differently from other kinds of hủ tiếu I have had, such as hủ tiếu tàu (rice noodle soup Chinese-style) or hủ tiếu Nam Vang ( Phnom Penh-style rice noodle soup). The broth, however, is prepared with the same ingredients — pork bones.
As the waiter walked towards us with bowls of soup, my senses were awakened. When the bowl was placed in front of me, it looked irresistible. Finely arranged with fresh squid rings, meatballs, half-boiled quail egg, golden brown onion slices, and spring onions on top, the dish was eye-catching and with a nice aroma.
What impressed me first were the rice noodles, which were chewy and thin with a milky light white colour (while Chinese-style noodles are flat, soft and bigger, with a milky-white colour).
The pleasing savour came from the juicy slow-simmered bone broth, which was limpid and clear. It was surprisingly delicate in flavour, with a savoury umami and sweetness as well .
The secret of the soup was the quality of the squid and pork.
“The broth is the decisive element that made us famous,” a waiter told us. “We prepare our broth for several hours from the finest pork bones, and carefully select fresh squid using our own family secret. All of the steps in preparation are strictly controlled so that the soup we serve today and tomorrow has the same quality and taste.”
The fresh rice flour used for the noodles also contribute to its distinctive taste, and the meatballs delivered an especially fine taste like no other. It was a perfect combination of freshly minced pork, ground pepper, and diced onions. Notably, the squid was carefully selected so that they were neither big nor small, and were all the same size. The squid rings and meatballs were perfect complements.
To enhance the flavour, I added crown daisy and bean sprouts when the soup was still hot, and then mixed them. It was fantastic.
I next tried the squid rings with fresh green pepper sauce. Dipped in the homemade spicy sauce, the squid was irresistible. The rings were fresh, juicy and crunchy with a very milky white colour. The noodle soup, unlike any served in the city, was a delicacy that simply must be tried.
Meanwhile, my twins enjoyed the noodles without the vegetables and the spicy sauce. My son even begged for another portion. “I love the soup, please let me have more,” he said.
Besides hủ tiếu mực , guests can also order side dishes like squid, meatballs, or noodles with soup only.
After finishing a bowl of the squid noodle soup, I was almost full, but asked for two more bowls, one with squid and shrimp (VNĐ79,000 each) and another noodle with soup only (VNĐ15,000), for my children.
Five bowls of the squid noodles finally filled us up. It was quite late, so we walked back to our hotel and thought about returning there for breakfast before leaving for HCM City.
With its dedicated service and airy and cosy ambience, Hủ Tiếu Mực Ông Già Cali offers a perfect dining experience. VNS
Hủ Tiếu Mực Ông Già Cali Restaurant
Address: 3 Lê Hồng Phong Street
113 Hoàng Hoa Thám Street
Vũng Tàu City, Bà Rịa Vũng Tàu Province
Hotline: 0903 099 955
Comments: A southern Vietnamese delicacy at an affordable price. Cosy ambience and friendly, dedicated service.
Price: from VNĐ69,000 per bowl
Dine-in and delivery
More opportunities to flourish
The business initiative support company MEVI has recently increased its involvement at a series of events and seminars on production and business connection. MEVI is the newest member of an ecosystem consisting of a chain of businesses and cooperatives founded by a group of young entrepreneurs in 2016.
Through its activities connecting, purchasing and coordinating between manufacturers and sellers, as well as product trading among members, so far, MEVI has connected more than 60 small and medium-sized enterprises in distributing nearly 200 regional specialties throughout the country with both safety and clearly traceable criteria, including products with a high added value meeting new consumer trends, such as strawberry vermicelli and herbal skin care cosmetics.
Ms. Nguyen Thi Thu, Deputy Director of MEVI, said by using its own methods to break the weakest link in the whole chain – connectivity, MEVI and its ecosystem are still working well during the COVID-19 pandemic with a growth rate of more than 20%. In 2021, the enterprise expects higher growth thanks to the promotion of a three-sided linkage among farmers, the State and enterprises being strongly deployed by the Government and relevant authorities.
Many Vietnamese businesses are showing a positive recovery thanks to policies designed to stimulate the domestic market through various types of retail, tourism, transportation, accommodation and catering services. Of which, tourism and travel enterprises have developed plans to divert their efforts to focusing on exploiting the domestic tourist market in the “new normal” state. According to economists, the domestic market has not been able to help the tourism industry fully recover, but it has brought many other social ramifications. Of which, the most important thing is to create jobs for a certain number of workers.
The domestic market and its unexpected growth post-COVID-19 also helped speed up the recovery of Vietnamese airlines. The Vietnam Airlines Corporation (VNA) said that in its production and business plan for 2021, VNA’s domestic passenger traffic volume is expected to grow more than during the previous year, approaching a recovery threshold. In an optimistic scenario, in 2022, VNA’s business operations will return to the same scale as prior to the COVID-19 epidemic, while in the more conservative scenario, recovery is expected in 2023. This is a rapid recovery compared to the general situation of the international aviation market.
Meanwhile, export enterprises are expected to continue to benefit from a series of new-generation free trade agreements (FTAs) that have just been signed or taken effect. The implementation of the EU – Vietnam Free Trade Agreement (EVFTA), which took effect from August 1, 2020, has had a significant impact on bilateral trade between Vietnam and the EU, reflected in the strong growth of Vietnam’s exports to the EU and in imports from the EU to Vietnam during the final months of the year. Opportunities will continue to come to businesses who ready themselves for participation.
As reflected in businesses, from the end of 2020, the export market has gradually been cleared, leading to the output of footwear, textile and electronic products and components improving. If the epidemic is not too long lasting, production will improve from the beginning of 2021.
It is forecast that Vietnam’s economy will see further positive signals in 2021 thanks to the progress in implementing FTAs and positive results in relation to the management of the pandemic.
A recent survey of senior managers of CEL Consulting showed that, in 2021, up to 77% of managers thought that the business situation will be improved to much improved, while only 8% said that they see it moving in a pessimistic direction.
In a recently released report, HSBC’s Global Research Division acknowledged that the Vietnamese business community has found ways to overcome the challenges brought about by the epidemic, while at the same time improving its operating methods, accelerating digital transformation and proactively approaching banks in order to find solutions to optimise cash flow management.
The updated data on business registration from the Ministry of Planning and Investment also shows the efforts of the business community to improve its resilience against the crisis. After the influence of the COVID-19 epidemic, many businesses still chose to continue the suspension of their operations to review market developments, combined with constantly looking for new ideas and directions and/or waiting for the State’s support policies before deciding to continue or dissolve their businesses. Therefore, the number of newly established enterprises, enterprises “hibernating” and those leaving the market has continuously fluctuated following the epidemic’s development and the related economic policies. This shows that the business community has never run out of resilience.
Economica Vietnam’s CEO Dr. Le Duy Binh said that in order for businesses to take advantage of better business opportunities in 2021, the Government should focus on effectively implementing solutions to support them. Of which, it is necessary to clearly define which businesses need support in order to focus resources on them, while encouraging the development of enterprises operating in new industries and those with the greatest potential such as innovative, digital enterprises and hi-tech enterprises. It is a must to accept market screening for enterprises that are not competitive enough and those operating in sectors that are not suitable for the new context.
At this moment, Australian enterprises are reviewing, evaluating and reshaping their operations, as well as considering diversifying their supply chains, especially into Asia, including Vietnam, said David John Whitehead, Vice President of Australian Chamber of Commerce in Vietnam (AusCham Vietnam). It is expected that by mid-2021, the business situation will have gotten better with the opening up of international markets and the restoration of trade activities. Like all other foreign-invested enterprises, the challenges posed by the COVID-19 epidemic to Australian enterprises operating in Vietnam are enormous. However, Whitehead expressed his belief that the worst is already behind us. Together with their knowledge and experience living and working in the context of the pandemic, AusCham Vietnam believes that Vietnam will recover strongly in the near future, he stated.