Enterprises with stable labor are ready for production and export in the new year

VCN - After the Lunar New Year holiday in 2023, in some southern provinces such as Ho Chi Minh City, Binh Duong, Dong Nai, and Binh Phuoc, workers have returned to work in factories and enterprises with a rate of over 90%.
What are the conditions to exempt tax for importing goods from bonded warehouse to inland to export? What are the conditions to exempt tax for importing goods from bonded warehouse to inland to export?
Piloting electronic tax payments for import–export goods via payment service suppliers Piloting electronic tax payments for import–export goods via payment service suppliers
In 2023, focus on exploring new and potential markets In 2023, focus on exploring new and potential markets
With many policies to take care of Tet, employees have returned to work relatively stably after Tet. Photo T.L
With many policies to take care of Tet, employees have returned to work relatively stably after Tet. Photo T.L

Excited to get back to work

Starting to return to the rhythm of operations at the beginning of the year, Tan Quang Minh Company quickly stabilized production to keep up with the delivery schedule, with over 90% of employees returning to work after Tet. At the same time, to expand export markets, enterprises retain workers and recruit more than 100 workers to operate at full capacity.

Mr Nguyen Dang Hien, General Director of Tan Quang Minh Company, said that in 2023, the company focused on expanding the export market with its brand, exporting to two fastidious countries, Japan and Singapore. As a result, businesses expect sales to double in comparison to 2022.

Similarly, at Saigon Food Joint Stock Company, employees have returned to start work in the new year, 2023. However, a representative of Saigon Food Joint Stock Company said that to retain employees, this year, the business will continue to maintain the organization of buses to transport workers back home to celebrate Tet and have preferential policies for workers who return to work after Tet with a total support cost of about one billion dongs.

Ms Bui Thi Quyen, a worker at NaverSouth Vietnam Volunteer Company (Binh Tan District, Ho Chi Minh City), said that the company started working on January 27 (to January 6, the Lunar New Year 2023). At factory number 6, she works with twenty workers; eighteen workers are working on the right day.

The report of the Department of Labor, Invalids and Social Affairs of Ho Chi Minh City shows that, on the first working day after Tet, in all fields of occupation, the rate of workers returning to work reached 95% compared to the previous working day before Tet. In Binh Duong province, the Confederation of Labor and the Management Board of Industrial Parks said that some large enterprises had a higher rate of return of workers than last year, reaching over 90%.

Meanwhile, according to the Labor Confederation of Dong Nai province, about 95-96% of employees have returned to work after the Tet holiday, with some enterprises returning to work at 100%. Long An province has 92%, and Binh Phuoc province has 91% of workers returning to work.

Lots of good news

Along with stabilizing human resources, many enterprises soon received a series of export orders at the beginning of the year. For example, Mr Nguyen Trung Dung, Chairman of the Board of Directors of DH Foods Joint Stock Company, shared, on the 6th day of Tet, on the first day back to work, the company was very surprised to receive an order, including an export container of household products go to the Netherlands. This is good news, creating great motivation for businesses right from the beginning of the new year. While other exporters face a shortage of orders, DH Foods regularly receives orders from difficult markets. For example, at the end of December 2022, the company exported two containers of new products to Japan. Furthermore, entering the beginning of January 2023, the company continued to export many shipments to the US. Currently, businesses continue to receive orders from the European market, so they must mobilize all employees to start work to keep up with the schedule immediately.

Sharing the same joy, in the first month of 2023, agricultural exports showed signs of improvement. Vina T&T Group Company said fresh fruit export orders in January 2023 recorded a growth of 30% over the same period last year. On the other hand, traditional products maintain stable orders. Notably, pomelos exported to the US and durians to China contributed to the growth of the business. According to Nguyen Dinh Tung, General Director of Vina T&T Group, purchasing power in Europe and the US is recovering faster than forecast due to market demand. Meanwhile, fresh fruit products sell out quickly, so partners place new orders daily, especially from the Chinese market.

A representative of G.C Food Joint Stock Company said that the business is accelerating, working day and night in the first days of the new year when continuously receiving new export orders from partners. Up to now, the number of orders of the enterprise accounts for about 30% of the output according to the production plan for 2023. These are very good signs to help the business move forward steadily in a year of forecasted difficulties. At the same time, with the trend of consumers in the US and European markets tightening their wallets, businesses are drawing up a strategy to diversify customers and find new markets such as Eastern Europe, Southeast Asia and the Middle East, diversifying products and new formulas to continue bringing Vietnamese agricultural products to the international market in 2023.

U.S. is Vietnam’s largest export market, with an estimated turnover of US$ 7.6 billion in January U.S. is Vietnam’s largest export market, with an estimated turnover of US$ 7.6 billion in January

VCN - In January, the U.S. was Vietnam’s largest export market, with a turnover of US$ 7.6 ...

The textile and garment sector is forecasted to be significantly affected when inflation in some major markets tends to increase. However, some businesses said that even during the Lunar New Year 2023, businesses had received orders from partners.

By ThuDiu/Quynhlan

Related News

Import and export turnover across Cao Bang prospers but still exists difficulties

Import and export turnover across Cao Bang prospers but still exists difficulties

VCN – After China resumes trade, Cao Bang province's import and export activities see remarkable prosperity.
Exports face many difficulties

Exports face many difficulties

VCN - In the first months of 2023, the absence of export orders plus the downward trend in commodity prices have slowed down trade activities.

Latest News

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

More than 1,300 businesses from 21 countries and territories are participating in the Vietnam Textile & Garment Industry Expo (Saigontex) 2023, the leading exhibition of the industry in Southeast Asia, which opened in Ho Chi Minh City on April 5.
Mong Cai international border gate sees strong recovery

Mong Cai international border gate sees strong recovery

The Mong Cai international border gate in the northern province of Quang Ninh has become vibrant as before the pandemic, showing a positive sign in the economic recovery of Mong Cai city in particular and Quang Ninh province in general.
Vietnam a potential market for French businesses, investors: experts

Vietnam a potential market for French businesses, investors: experts

French businesses should innovate their approach, enhance their understanding of culture and language, and make changes to adapt to Vietnam's transitioning economy in order to expand their market share and boost investment in the Southeast Asian nation, said Dr. Jean-Philippe Eglinger, the founder of the Viet Phap Strategies.
Cashew industry strives to "get on the shelves of world supermarkets"

Cashew industry strives to "get on the shelves of world supermarkets"

VCN - Although holding the number one position in the world in exporting cashew kernels for many years, the position of Vietnam's cashew industry in the world cashew value chain is very small because it mainly exports kernels with preliminary treatment.

More News

HCM City’s industrial production index down 0.9% in Q1

HCM City’s industrial production index down 0.9% in Q1

Ho Chi Minh City’s Index of Industrial Production (IIP) in the first quarter of 2023 declined by 0.9% compared to the same period last year, the municipal Department of Industry and Trade reported at a press conference on April 3.
Fisheries exports estimated at 1.85 billion USD in Q1

Fisheries exports estimated at 1.85 billion USD in Q1

Fisheries export value was estimated at 1.85 billion USD in the first quarter (Q1) of this year, a fall of 27% compared to the same period last year due to lower consumption and import demand under the impacts of inflation and economic recession, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Quang Ninh aims to attract quality FDI inflows

Quang Ninh aims to attract quality FDI inflows

The northern coastal province of Quang Ninh has strengthened measures to attract quality foreign direct investment (FDI) inflows, especially from big names in the processing-manufacturing industry.
Manufacturing enterprises increase their competitiveness thanks to digital transformation

Manufacturing enterprises increase their competitiveness thanks to digital transformation

VCN - Overcoming difficulties in 2023 requires manufacturing enterprises to self-improve and innovate. Digital technology is one of the effective solutions to help manufacturing businesses grow and compete.
32nd Việt Nam Expo promises to boost business linkages

32nd Việt Nam Expo promises to boost business linkages

The 32nd Việt Nam International Exhibition (Vietnam Expo) will take place in Hà Nội from April 5-8 with the participation of more than 500 domestic and foreign enterprieses, the event’s organisers have announced.
Prevention of price risks before news that Indonesia increases rice imports in reserve

Prevention of price risks before news that Indonesia increases rice imports in reserve

VCN - In response to demand signals from key markets such as Indonesia and the Philippines, the Import-Export Department (Ministry of Industry and Trade) suggested that rice exporters actively monitor the market situation and fully assess the opportunities as well as risks to build a trading plan.
Japanese investors highly appreciate Vietnamese property market

Japanese investors highly appreciate Vietnamese property market

Representatives from around 180 Japanese businesses and investors on April 1 attended a Tokyo workshop on Vietnamese real estate, during which many of them highly appreciated the potential of Vietnam’s property market.
Seafood enterprises propose to remove obstacles from exporting to the EU

Seafood enterprises propose to remove obstacles from exporting to the EU

VCN - Seafood enterprises are facing inadequacies in applying for material certification (S/C) and food safety certificates (H/C), which affects the production and export of seafood to the EU.
Need to effectively use tools to prevent exchange rate risks in import and export field

Need to effectively use tools to prevent exchange rate risks in import and export field

VCN - The exchange rate pressure in 2023 is expected to be weaker than last year, especially in the context of tightening monetary policies reaching the final phase. However, fluctuations in the economy and financial markets are still very unpredictable, and exchange rate developments may affect import and export activities.
Read More

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read
Saigontex 2023 attracts over 1,300 domestic, foreign businesses

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

More than 1,300 businesses from 21 countries and territories are participating in the Vietnam Textile & Garment Industry Expo (Saigontex) 2023, the leading exhibition of the industry in Southeast Asia, which opened in Ho Chi Minh City on April 5.
Mong Cai international border gate sees strong recovery

Mong Cai international border gate sees strong recovery

The Mong Cai international border gate in the northern province of Quang Ninh has become vibrant as before the pandemic, showing a positive sign in the economic recovery of Mong Cai city in particular and Quang Ninh province in general.
Vietnam a potential market for French businesses, investors: experts

Vietnam a potential market for French businesses, investors: experts

French businesses should innovate their approach, enhance their understanding of culture and language, and make changes to adapt to Vietnam's transitioning economy in order to expand their market share and boost investment in the Southeast Asian nation, said Dr. Jean-Philippe Eglinger, the founder of the Viet Phap Strategies.
Import and export turnover across Cao Bang prospers but still exists difficulties

Import and export turnover across Cao Bang prospers but still exists difficulties

VCN – After China resumes trade, Cao Bang province's import and export activities see remarkable prosperity.
Cashew industry strives to "get on the shelves of world supermarkets"

Cashew industry strives to "get on the shelves of world supermarkets"

VCN - Looking back to 2022, while the export turnover of the cashew industry reached US $ 3.08 billion, the import turnover of raw cashews consumed US $ 2.678 billion.
Mobile Version