The appearance of the Covid-19 disease since the end of last year with a complicated development process seriously affecting all countries of the world. Vietnam’s economy has a large openness with increasingly deep international integration, so it suffers from many negative effects of disease in socio-economic fields. Operations of production, supply and commerce circulation, aviation, tourism, labor and employment were delayed and interrupted due to this disease. Enterprises are heavily affected; many businesses have to suspend operations or go bankrupt, dissolve or scale down the production and business. In the first 10 months of 2020, the number of enterprises temporarily suspending their business for a time is 41.8 thousands, increases 58.7% and 13.5 thousands of enterprises completed dissolution procedures, increases 0.1% over the same period in 2019 respectively.
In the difficult context due to the Covid-19 disease, the Vietnamese business community has quickly changed to a new direction, implementing many solutions to maintain production and business activities such as: promoting e-commerce activities; converting key products and services; actively looking for new markets for input materials as well as markets for output products. Generally, in 10 months of 2020, the total additional registered capital in the economy was 3,892.1 trillion VND, rose by 17 compared to the same period in last year (include 1,594.1 trillion VND of registered capital of newly established enterprises and 2,298 trillion VND of the additionally registered capital of 32.6 thousand enterprises that recorded upward adjustment of capital). The average registered capital of a newly established enterprise in 10 months achieved 14.3 billion VND, climbing up 14.4% compared to the same period in 2019 respectively.
Xổ số kiến thiết chủ nhật Minh Ngọc Despite the serious impacts of the disease, Vietnamese businesses are still able to see opportunities for developing and improving their own capacity. The pushing back of the disease helps our country become a reliable address for foreign investors, a potential and safe destination for the reallocation of investment capital in the world, especially the trend of shifting factories of the large international corporations out of China. With a large workforce and cheap labor costs, good infrastructure, and a geographical location close to China, Vietnam will be paid more and more attention by corporations wishing to move. The period affected by the Covid-19 disease bring in opportunity for businesses to test their stamina and adaptability to the new situation; self-assessment on the current production and business situation, strengths, weaknesses and competitive advantages, on that basis, to improve the business model towards efficiency and sustainability. The influences of the Covid-19 disease also creates a change in demand for products and services; providing opportunities to enter markets outside of traditional markets for Vietnamese businesses to take advantage of. In addition, international integration policies will create conditions for Vietnamese enterprises to participate more deeply in the global value chain, forming a new value chain, especially to take advantage of the advantages from the Vietnam – EU Free Trade Agreement (EVFTA)