70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Industry
Vietnam enterprises look to put difficulties behind
Ngoc Thuy - Khac Kien 13:48, 2020/05/05
Companies are striving to adopt to a new situation and keep in place precautionary measures although the social distancing order has been lifted.

Once the Vietnamese government has eased social distancing orders, the majority of Vietnamese enterprises have been quick to put in motion recovery plans and started resuming operations.

 Garment 10's clothing stores reopen after social distancing order ends. Photo: Hoang Anh. 

During the 15-day period of the nationwide social distancing campaign, Garment 10 Corporation, one of Vietnam’s leading companies in garment and textile industry, was forced to temporarily close their clothing stores but still paid wages for workers.

At a time of hardship, Garment 10 has shifted production from apparels to face mask to meet growing demands from the domestic and global markets.

The firm has recently reopened all 120 clothing stores nationwide as the anti-Covid 19 measures are partially lifted. However, all staff have been requested to strictly comply with safety regulations, including wearing face masks and keeping safe distance.

“As the pandemic is predicted to persist, Garment 10 is committed to overcoming difficulties for stronger growth,” said the firm’s representative.

Meanwhile, one of the utmost priorities of clothing company M2 since the reopening of tis outlets is to ensure safety for customers. At present, all customers are required to have body temperature checked, use hand sanitizers and wear face masks.

Additionally, all stores are sterilized once per week as part of the company’s efforts against the pandemic.

“I hope once people return to their normal lives, their shopping demands will grow and help boost our business results,” said General Director of M2 Vietnam Nguyen Hai Duong.

However, Duong said the company's production is still kept at the minimum, due to the lack of demand from the domestic markets and low export orders.

Duong expected M2’s 2020 revenue to decline by half compared to the same period last year, a situation that is shared by other fashion brands.

“M2 is planning to cooperate with its partners for greater efficiency in operation, while creating jobs for workers in a new situation,” Duong stressed.

Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc said operating enterprises during the Covid-19 pandemic are the bloodline of the economy, which need strong measures from the government to help them cope with difficulties.

There would be severe consequences to the economy if these enterprises are forced to go dormant, said Loc.

RELATED NEWS
TAG: Garment 10 Corporation M2 fashion brand face masks apparel covid-19 coronavirus nCoV pandemic social distancing pandemic
Other news
20:31, 2024/04/24
IT training urged to focus on semiconductors
With an abundant labor supply and a skilled workforce, human resources are Vietnam's greatest and most prominent advantage over other countries.
18:27, 2024/04/21
Hanoi Great Souvenir Fair 2024 to take place next week
Thousands of local and international tourists and business visitors will be in attendance.
18:24, 2024/04/21
As orders rise, Vietnamese textile firms see better prospects in 2024
In the face of unpredictable volatility, Vietnam's companies are investing in technology, innovation and production to meet the targets they have set themselves, whilst keeping a close eye on market trends.
17:38, 2024/04/21
C.bank to auction nearly 17,000 gold taels on April 22
The return of gold auctioning after more than 10 years is expected to bring gold prices closer to the global levels.
11:10, 2024/04/19
Trade ministry proposes purchasing renewable electricity mechanisms without EVN’s involvement
The draft decree stipulates that buyers must be organizations or individuals using electricity for production from a voltage level of 22 kV or higher, with an average monthly consumption of 500,000 kWh.
22:00, 2024/04/18
Australia and Vietnam develop competitive electricity markets
Climate change, energy, and environment are pillars of Australian Comprehensive Strategic Partnership with Vietnam.