Local businesses have received support from the State during the coronavirus epidemic and the supports would be maintained after the epidemic (Photo: baodansinh.vn) Hanoi (VNA) - TheMinistry of Industry and Trade (MoIT) will continue to support local businessesafter the coronavirus epidemic is stamped out, Minister Tran Tuan Anh has said.
Anh made the statement aftervisits to the Ha Tay Chemical-Weave Co. Ltd. and the Garment 10 Corporation on March5 in Hanoi to study difficulties at local businesses during the novelcoronavirus (COVID-19) epidemic.
If the epidemic is controlledin the second quarter, local businesses should take advantage from Q3 at homeand abroad and focus resources to resume their business, he said.
The minister added that theministry would work to create favourable conditions for local firms.
Since the coronavirus outbreakstarted, the ministry had evaluated the impacts of the disease on Vietnam'seconomic and trade activities and had proposed solutions to other Governmentbodies to help businesses, he said.
During the minsiter’s visit toGarment 10 Corporation, Than Duc Viet, the company's general director, said thecorporation’s major products were shirts, suits and trousers. The epidemic hadcaused a lack of raw material for those products.
This had led to an interruptionin production, he said. Therefore, the corporation’s total revenue this yearwas expected to fall by 10 percent against last year while revenue in the firstquarter was also estimated to drop by 10 percent year-on-year.
Nguyen Thanh Tung, generaldirector of the Ha Tay Chemical-Weave Co, Ltd, said his company’s main productswere vulcanised shoes with a localisation rate of more than 70 percent, withthe remaining raw materials imported mainly from China. The epidemic had forcedthe company to seek other suppliers at home and abroad.
If the epidemic was prolonged,the firm might run out of material for production, he said.
The minister said, in the longterm, Vietnam needed to develop the support industry for the textile, garment,leather and footwear industries. Local enterprises could not depend solely onraw material imports./.
Anh made the statement aftervisits to the Ha Tay Chemical-Weave Co. Ltd. and the Garment 10 Corporation on March5 in Hanoi to study difficulties at local businesses during the novelcoronavirus (COVID-19) epidemic.
If the epidemic is controlledin the second quarter, local businesses should take advantage from Q3 at homeand abroad and focus resources to resume their business, he said.
The minister added that theministry would work to create favourable conditions for local firms.
Since the coronavirus outbreakstarted, the ministry had evaluated the impacts of the disease on Vietnam'seconomic and trade activities and had proposed solutions to other Governmentbodies to help businesses, he said.
During the minsiter’s visit toGarment 10 Corporation, Than Duc Viet, the company's general director, said thecorporation’s major products were shirts, suits and trousers. The epidemic hadcaused a lack of raw material for those products.
This had led to an interruptionin production, he said. Therefore, the corporation’s total revenue this yearwas expected to fall by 10 percent against last year while revenue in the firstquarter was also estimated to drop by 10 percent year-on-year.
Nguyen Thanh Tung, generaldirector of the Ha Tay Chemical-Weave Co, Ltd, said his company’s main productswere vulcanised shoes with a localisation rate of more than 70 percent, withthe remaining raw materials imported mainly from China. The epidemic had forcedthe company to seek other suppliers at home and abroad.
If the epidemic was prolonged,the firm might run out of material for production, he said.
The minister said, in the longterm, Vietnam needed to develop the support industry for the textile, garment,leather and footwear industries. Local enterprises could not depend solely onraw material imports./.
VNA
