The event gathered representatives of the Korean-invested company and more than 20 suppliers in Ho Chi Minh City, Hanoi, and the provinces of Bac Giang, Bac Ninh, Binh Duong, and Dong Nai.

Deputy Minister of Industry and Trade Do Thang Hai (centre) and other officials at the teleconference on October 14.

Deputy Minister Do Thang Hai said the MoIT is committed to continued coordination with other ministries, sectors, and localities to assist businesses and tackle bottlenecks to production activities by increasing manpower for production, easing restrictions on travel among provinces, boosting vaccination, and reducing input costs, expense and taxes.

The ministry will serve as a bridge linking businesses with the Government so as to update them about new support policies and incentives and deal with difficulties facing them in a timely manner, he added.

Hai expressed his hope that Samsung will keep working with the MoIT to build and implement larger and more intensive training programmes to promote Vietnamese firm’s engagement in its supply chain, as well as global supply chains.

Choi Joo Ho, General Director of Samsung Vietnam, said the stability of suppliers plays a highly important role in global production chains, including that of Samsung Vietnam.

Noting the firm’s efforts in the face of the recent complex Covid-19 situation, he expressed his belief that with timely and active support from the MoIT, the difficulties facing enterprises will be tackled quickly, thus helping consolidate the business community's trust in the Government and creating a momentum for them to join the Government’s efforts to realise the twin targets.

At the meeting, Samsung Vietnam and its suppliers pointed out some problems they are facing amid the Covid-19 outbreak.

Deputy Minister Hai directed agencies under the MoIT to promptly handle the isssues raised by the firms, saying the ministry will work more closely with localities to create favourable conditions for suppliers of Samsung to maintain operations and gradually raise their output.

The MoIT and Samsung Vietnam shared the view that they will continue working together in joint programmes on training human resources, improving businesses, strengthening Vietnamese firms’ competitiveness, and increasing the number of Vietnamese enterprises serving as tier-1 and -2 suppliers of Samsung, thereby helping develop local supporting industries.

Government vows to create favourable conditions for production and business activities

The Government is urgently devising measures to provide guidance on safe, flexible adaptation to as well as effective control of the Covid-19 pandemic, while also creating favourable conditions for production and business activities and ensuring pandemic prevention and control safety.

Bac Giang honors 24 outstanding businesses in charity work

(BGO) – The Business Association in Bac Giang province on October 10 held a meeting to celebrate  Vietnam Entrepreneurs’s Day (October 13) and honor outstanding business in charity work. 

Loans offered to 68 business owners to pay for salary in production recovery and severance

(BGO) - The Bac Giang branch of Social Policy Bank has disbursed over 4.8 billion VND (210,986 USD) as the loan for four businesses to pay for salary in production recovery and severance to 1,049 labours in line with the Government’s Resolution No.68 on July 1, 2021 and PM’s Decision No.23 on July 7, 2021 about implementation of policies to support employers and employees affected by Covid-19 pandemic.

Foreign businesses continue to see Vietnam as a good investment location

While a number of foreign companies have moved part of their production or orders to other countries, many still see Vietnam as a good location for investment in the long term.

Majority of businesses to start immediate recruitment

Nearly 57 percent of companies plan to start recruiting immediately as things resume normality, after the fourth Covid-19 wave forced their suspension for months.

Source: NDO