Businesses seek measures to cope with COVID-19

Mar 23rd at 10:59
23-03-2020 10:59:21+07:00

Businesses seek measures to cope with COVID-19

Local enterprises have sought ways to cope during the novel coronavirus (COVID-19) pandemic instead of suspending business or scaling back.

 

Ho Quynh Hung, chairman of the director board and general director of the Dien Quang Lamp Joint Stock Company, said besides finding new suppliers of input materials at home and abroad, the company has boosted production of LED chips, an important raw material of LED lamps.

Dien Quang’s high-tech factory producing LED chips was put into operation in 2019 to help it reduce its dependence on imported raw materials.

In addition, to keep its operation at a normal level, the company has permitted office staff section to work from home and hold online meetings. It has also shipped goods to customers' home.

A representative of PV GAS said the corporation has used online meetings and working from home to reduce impacts on production and business activities.

Nguyen Anh Duc, permanent deputy general director of Saigon Co.op, said to meet the shopping needs of customers during the pandemic, Saigon Co.op has strengthened its telephone order and home delivery services.

Businesses and retailers in HCM City have moved towards online shopping to help customers avoid crowded places and reduce the risk of spreading the disease, reported the Vietnam News Agency.

They have also updated information about their products, payment methods and home delivery services on their website and social networks.

Meanwhile, Dang Trong Ngon, chairman of the KTG Group’s director board, said the pandemic had greatly impacted economic development so the group has developed new property products for enterprises to maintain production and business. The new industrial real estate product would provide infrastructure with many utilities for investors and industrial enterprises.

This product is a combination of factories and ready-built warehouses with the application of information technology in managing and operating production and business activities. That would help enterprises gain efficiency in operation, environmental protection and sustainable development, he said.

bizhub



RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Strategies for efficient working capital implementation

The global economy is being impacted by a number of events and curtailing the ability to conduct business as usual, and many companies in Vietnam are rightly...

Hanoi has plans to ensure supply of goods for people in isolation areas

Hanoi has planned four scenarios to ensure sufficient supply of goods for people in isolation areas.

Can Tho targets $450 million in FDI

The Mekong Delta City of Can Tho hopes to attract about US$450 million in foreign direct investment (FDI) in 2021-30, according to a plan recently approved by the...

Committed spending will raise those at risk out of the doldrums

Prime Minister Nguyen Xuan Phuc recently signed and promulgated Directive No.11/CT-TTg on urgent tasks and solutions to help businesses overcome difficulties caused...

State capital commission to work with struggling mega-projects

The Commission for the Management of State Capital at Enterprises (CMSC) must continue to support managers of 12 struggling mega-projects under the Ministry of...

Hanoi, HCM City continue to outperform in attracting investment: JLL

The two cities are believed to continue to outperform in terms of economic growth and foreign direct investment.

Vietnam accelerates disbursement of public investment doubles in Jan-Feb

The improvement in disbursement rate in the first two months of 2020 was partly thanks to the effectiveness of the revised Public Investment Law since early 2020.

Firms affected by COVID-19 to receive support

Preferential policies related to corporate income tax, value-added tax and personal income tax are among the drastic measures that are being taken to help...

Viet Nam racks up $900m trade surplus by mid-March

Viet Nam recorded a trade surplus of US$900 million during the first half of March, resulting in a nearly $2.74 billion trade surplus for the country by mid-March...

Firms resolute in business goals despite COVID-19 impacts

Despite the implications of COVID-19, many firms have posted encouraging business outcomes in the first two months of the year and insist on maintaining full-year...


MOST READ


Back To Top