Illustrative image (Photo: Internet) Hanoi (VNA) - An online talkshow was held recently to discuss measures to help enterprises maintain or restore operation following the COVID-19pandemic.
Chief of the Vietnam National Productivity Institute (VNPI)’s Office ofManagement and Innovation Solutions Cao Hoang Long said local small- andmedium-sized enterprises (SMEs) will face a host of difficulties if thepandemic lingers on, adding innovation in the current context is therefore inevitablebecause SMEs have no other choice.
Participants also touched upon trends and corporate governance solutions forstabilising business operations and improving work productivity followingthe epidemic.
According to a recent survey by the Vietnam Chamber of Commerce andIndustry, nearly 85 percent of surveyed enterprises said their markets have shrunkwhile 60 percent lack capital because of disrupted inflows. Forty-three percentmust lay off their workhands and 82 percent said their revenue is on the decline.
Respondents suggested that the State cut interest rates, extend debtpayment deadlines, and delay social insurance payments to ease the difficulties.
A report from the Ministry of Labour, Invalids and Social Affairs said that553 units in 30 cities and provinces have scaled down their operations and 322businesses along with 30 cooperatives and nearly 300,000 households were forcedto shut down due to the impact of COVID-19.
A survey of around 200 enterprises by the VNPI also revealed that they face shortagesof production materials and higher inventories as well as falling productivity./.
