UBC is a domestic TV production company headquartered in Ho Chi Minh City whose business is sluggish because of Covid-19.
`We cut profits, support additional sales costs for suppliers to do demand stimulation programs. At the same time, promote online channels as well as expand the market,` Mr. Duy Huan added about the two
Or like Binh Anh (BA GPS) is an electronics company specializing in navigation equipment and solutions for vehicles headquartered in Hanoi.
The Chairman of Binh Anh’s Board of Directors said the company also suffers from reduced revenue, the risk of some departments having to stop operating, and additional epidemic prevention costs.
According to the Vietnam Automobile Transport Association, the epidemic is causing negative impacts on transport businesses and bus stations.
Association Chairman Nguyen Van Quyen said that at this time, businesses need to take practical actions, support discounts and fees to overcome difficulties.
Another organization is the Ho Chi Minh City Information Technology Association (HCA), due to limitations in organizing large-scale events such as seminars and conferences during the epidemic season, so it came up with the idea of providing consulting support, through
`This program aims to increase connections and promote trade between businesses inside and outside the information technology industry. This is an opportunity for businesses to share advantages and disadvantages in applying information technology. Thereby,
The dining floors in Van Hanh Mall, District 10, Ho Chi Minh City were sparsely populated on the evening of February 17.
The `working together` movement also spread to many other professions.
The rate of support for rental costs for each business will be assessed by Vincom based on the level of impact of the region and business industry.
Previously, on February 27, an official dispatch signed by Mr. Nguyen Dinh Trung, Chairman of Hung Thinh Group, wrote that `it is time for rental prices to be reduced, we must take a step back to move forward quickly.`
Accordingly, Hung Thinh said it also decided to reduce the rental price of commercial center premises in apartment buildings invested by the group and its member units.
A recent survey by the Private Economic Development Research Board said that if Covid-19 lasts 6 months, 74% of businesses said they would go bankrupt.
`Many businesses in the tourism and education industries cannot respond promptly when there are no customers at all, or non-public educational establishments have no students going to school,` the report of Division IV stated.
Workers work in a garment company in Tan Do Industrial Park, Long An on February 29.
On March 6, Prime Minister Nguyen Xuan Phuc signed and promulgated Directive 11 with urgent solutions to remove difficulties for production and business to carry out the `dual` task of both fighting the epidemic and developing.
One of the difficulties facing businesses today is that they `know` both the input and output markets.
According to experts, in the context of the unfavorable international economic situation, impacts from the US-China trade war and Covid-19, businesses should work together to exploit opportunities like EVFTA in the picture.
`Businesses should link together and participate in a sustainable supply chain to receive orders together. I know cooperation between our businesses is difficult, but having customers and orders is good, so let’s try