Efforts to Overcome Difficulties

9:00:54 AM | 3/8/2020

Despite being heavily affected by the Covid-19 pandemic, enterprises in Vinh Phuc industrial parks have still managed to basically maintain production and business activities, thanks to the strong participation of the entire political system.

Jahwa Vina Co., Ltd in Khai Quang Industrial Park started operation in 2007, specializing in manufacturing and processing electronic components, creating more than 4,000 stable jobs with a turnover of more than VND3,170 billion in 2019. In the first six months of 2020, due to the impact of the pandemic, its output decreased, leading to a turnover of just over VND1,200 billion. Besides, the costs of salaries and other fixed expenses (depreciation of assets, tools, electricity and water) still had to be paid, which caused many difficulties for the company. To overcome difficulties, the company has tried to maintain production and business activities by cutting production costs, and arranging flexible working hours to create a basic source of income to help workers maintain their lives. Therefore, the company's staff and work force remain stable, and new orders have begun to be signed.

As a result of the Covid-19 pandemic, Daeduck Vietnam Co., Ltd in Ba Thien Industrial Park had to lay off 10% of its employees. In April and May 2020, the company had to reduce both output and working hours. However, in June 2020, the workload began to increase again, and at the present time, the production and working atmosphere has become much more vibrant. Commenting on the production and business situation in the last six months, Daeduck Vietnam's leader said: In 2019, our revenue was approximately VND1,300 billion. However, in the first six months of 2020, our revenue was only about VND560 billion, down 25% from the same period. To offset this decline, from now until the end of the year, the company will actively diversify customers, look for new orders, and focus on exports. The company's top goal in the coming time is maintaining its production and business activities, stabilizing its personnel and workers.

And at Cosmos Technology Co., Ltd in Khai Quang Industrial Park, from April 6 to April 22, the company laid off 85% of its workers but they still received 100% salary. For 70 remaining workers, in addition to 100% of the salary, they also receive 150,000 VND/day. In particular, in order to stabilize the psychology of the temporarily laid-off workers, the company organized working sessions with each department to discuss the difficulties and problems it was facing, and well implemented policies on payment of wages and insurance. Thanks to that, the psychology of the workers has been stable and they happily returned to work from April 23, 2020, with new determination and new spirit.

Always accompanying enterprises in the fight against Covid-19, Vinh Phuc province has ensured good pandemic prevention, creating favorable conditions for foreign experts to return to work. In addition, in order to help enterprises recover production and business soon, Vinh Phuc has actively reformed administrative procedures, invested in completing transport infrastructure.

The efforts of enterprises and the strong participation of the government system of Vinh Phuc province have been helping businesses to gradually overcome the difficult period, stabilize production and continue to make a positive contribution to local budget revenue.

By Nguyet Tham, Vietnam Business Forum