Only a few spare parts are produced domestically, forcing domestic manufacturing and assembling enterprises to import automobile spare parts from other sources, experts said. Experts said after nearly 30 years, Vietnam’s supporting industry can produce 287 spare parts while about 30,000 parts are needed to make a car. Vietnamese part-supply companies can produce simple items including windshield […]
Read MoreBusinesses are in serious difficulty due to the impact of the Covid-19 pandemic. They need timely and substantive support measures from the Government. Household businesses With over 5 million households doing business, this sector contributes to nearly 32-33% of Vietnam’s GDP. Since the fourth wave of the Covid-19 epidemic broke out in late April, this […]
Read MoreIt’s unreasonable to close a factory with thousands of workers when only one positive case is found, officials have said. At an online conference discussing solutions to help enterprises in industrial zones (IZs), export processing zones (EPZs) and hi-tech zones on September 20, 2021, a representative of Nidec Vietnam proposed that enterprises should not be […]
Read MoreThe impacts of the COVID-19 pandemic have slowed down the operations of businesses in industrial parks (IP), disrupting supply chains and labour, according to a recent report by the Ministry of Planning and Investment (MPI). Representatives of ministries, enterprises and foreign investors participated in the seminar ‘Identifying new trends in industrial park development’ on Monday to discuss, […]
Read MoreActions are needed now to save businesses, or it will be too late, enterprise associations say. The report of the Board for Private Economic Development Research (Board IV) on proposals by enterprises and workers to the PM says of 21,000 surveyed businesses in August, 69 percent have suspended operation because of the pandemic, 16 percent […]
Read MoreThe Ministry of Planning and Investment yesterday said the Government should allow enterprises to actively deploy production and business plans suitable with their own circumstance and reconsider the “3-on-site” model due to high operating costs. The recommendation was raised at an online meeting chaired by Deputy Prime Minister Le Van Thanh with a number of […]
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