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Also attending the meeting was Member of the Party Central Committee, Standing Deputy Secretary of the HCMC Party Committee Phan Van Mai. Speaking at the meeting, Mr. Nen congratulated HCMC on carrying out extensive disease control methods and prevented the virus from spreading to other areas from Go Vap. Mr. Nguyen Van Nen at the meeting. (Photo: SGGP) He also thanked the city’s front line workers and police officers for their cooperation and efficient work. Mr. Nguyen Van Nen and Mr. Phan Van Mai at the meeting. (Photo: SGGP) However, the fight continues as there is an increasing number of suspected carriers who had to be put into quarantine and the risk of the virus spreading undetected is still high. Therefore, Mr. Nen proposed that the Standing Deputy Prime Minister and the leader of the HCMC Steering Committee for Covid-19 Prevention and Control consider the best solutions for the city and its people and businesses. The Secretary suggested extending the quarantine period to match the infection cycle of the new variant. An extended quarantine period will help the city have enough time and resources to work on other important issues, and even more drastic measures can be applied in high-risk areas, he said. At the meeting, Standing Deputy Secretary Phan Van Mai reiterated a number of key contents in Conclusion No. 07-KL/TW of the Politburo on June 11. Mr. Phan Van Mai at the meeting. (Photo: SGGP) Specifically, the Politburo requested municipals to remove administrative roadblocks and gather all resources for the “Covid-19 vaccine fund”, encourage qualified corporates and individuals to purchase and provide vaccines to the public, and develop a vaccination plan with specific roadmaps to achieve herd immunity as soon as possible. It also suggested that relevant units continue to establish policies to promote the research and development of Covid-19 vaccines in the country, and launch a test use of vaccine passports among …

[Read more...] about Even more proposed solutions for people, businesses: HCMC leaders

A production line of sports shoes for export at a company in Thu Duc City. (Photo: SGGP) Orders are plentiful again After a long time struggling to maintain operations due to the negative impact of the Covid-19 pandemic, many enterprises in the leather and footwear industry have now found a way to keep production. Many enterprises even have received many orders. “Since the Covid-19 pandemic occurred, especially during the outbreak in Europe, customers in this market canceled nearly 80 percent of orders. The few remaining customers asked to defer payment or discount prices, causing the company to fall into difficulties. Almost every month, the company had to make up for losses to maintain production. Fortunately, we now have reconnected with our customers and reached an agreement to share difficulties and profits in the context that the pandemic will continue to develop complicatedly. Owing to that, we have had enough orders until the end of the year," said Mr. Dang Van Ngoc, Director of Tan Phat Company Limited in Hoc Mon District of Ho Chi Minh City. According to Chairman of the Vietnam Leather, Footwear, and Handbag Association (Lefaso) Nguyen Duc Thuan, orders for footwear and handbags are shifting to Vietnam more and more. This is also the time and the opportunity for enterprises to restore production and reconnect supply chains. Lefaso's representative also said that although the production and business situation of all enterprises has not yet returned to normalcy as before, in general, many enterprises have maintained their performance and overcome difficulties, making good use of the market. For example, in early 2020, Vinh Yen Shoes Joint Stock Company encountered several difficulties because people in the EU and US markets tended to cut spending. Besides, many supermarkets were closed for Covid-19 prevention. However, with many flexible administrative solutions, from the last months of 2020 to now, the production and business activities of Vinh …

[Read more...] about Footwear industry still keeps good growth

A tile production line of Viglacera Ha Long Company (Photo: VNA) Hanoi (VNA) - Vietnam’s leading ceramic and tile producer Viglacera has set a target of posting 750 billion VND in pre-tax profit at its parent company this year and 1 trillion VND (43.27 million USD) in consolidated pre-tax profit , increases of 2 percent and 19 percent, respectively, against 2020. The company also expects to earn 12 trillion VND in consolidated revenue, up 27 percent, and pay a dividend of 12 percent. It will continue to inject investment capital into two main fields - real estate and construction materials. According to deputy director general Nguyen Anh Tuan, the company continues investing in infrastructure development and supporting utilities and services at industrial parks while developing social housing, worker housing, commercial properties, and leisure real estate. In the field of construction materials, it plans to focus on manufacturing high-quality, value-added, and environmentally-friendly products and developing new product lines in keeping with market trends and customer tastes. It will divest from clay brick-manufacturing units posting poor business performance. In the opening four months of this year, Viglacera ’s consolidated profit reached 55 percent of the annual plan and was 91 percent higher than the figure in the same period last year. It recorded total consolidated profit of 841 billion VND in 2020 and 736 billion VND for the parent company, 12 percent and 23 percent, respectively, higher than the annual target. Consolidated revenue stood at 9.43 trillion VND, exceeding the annual target by 14 percent. Last month, it won the World Class Award in the 2019-2020 Global Performance Excellence Awards (GPEA), hosted by the Asia-Pacific Quality Organisation. It was the only Vietnamese company to receive the “World Class” title in the large-scale production category at the 2019-2020 GPEA, which is the only formal international …

[Read more...] about Viglacera targets over 43 mln USD in consolidated 2021 pre-tax profit