Investment News


Businesses in Quang Ninh determined to surmount pandemic

26/10/2021

Quang Ninh’s success in protecting “green zones” from the latest COVID-19 outbreak has created an impulse for businesses based in this northeastern province to recover operations and flexibly and safely adapt to the pandemic.

Part of Mong Cai city in Quang Ninh province

Quang Ninh’s success in protecting “green zones” from the latest COVID-19 outbreak has created an impulse for businesses based in this northeastern province to recover operations and flexibly and safely adapt to the pandemic. Quang Ninh posted an estimated economic growth rate of 8.6 percent in the first nine months of 2021, much higher than the national average, which was mainly driven by the processing and manufacturing industry. The province’s contribution to the State budget topped 33.5 trillion VND (1.47 billion USD), equivalent to 93 percent of the sum collected in the same period last year, while total investment in society approximated 64 trillion VND, up 7.8 percent.
Chairman of the provincial People’s Committee Nguyen Tuong Van attributed the achievements to local businesses and entrepreneurs’ proactiveness in implementing various solutions such as adopting flexible work hours, arranging on-site Tet celebrations for employees, cutting down production costs, seeking alternative material sources, expanding markets, seizing new business chances, and applying digital technology to production and business activities.
To adapt to and safely operate amid the pandemic, enterprises, including FDI firms, have exerted enormous efforts and changed their mindsets and methodologies, he noted.
Phung Ky Luan, General Director of the Tonly & Pully Vietnam company in the Dong Mai Industrial Park in Quang Yen town, said in the most intense moments of the pandemic, his company made arrangements for workers to stay at the factory so as to meet delivery deadlines. It has also moved to minimize production costs, seek new sources of material supply, and expand the market. He thanked local authorities for accompanying enterprises, voicing his hope that the business community’s expansion of operations will contribute to local economic growth.

The Viet Long Investment and Construction JSC, headquartered in Ha Long city, specializes in construction, agriculture, and the environment. Le Quang Thang, Chairman of its Board of Directors and General Director, pointed out the difficulties facing his firm during the fourth wave of COVID-19 infections, including material and labor shortages due to travel restrictions and surging expenses.
Facing that fact, the firm has had to seek every possible way to maintain jobs and income for nearly 500 employees. It has changed its governance methodology, organized virtual meetings, and installed more cameras at the production zone to issue timely instructions, he added.

To present the “dual targets” in 2021 and the following years, Quang Ninh will continue striving to keep “green zones” safe and develop the province in the “new normal” status. It will step up activities of the special working groups established under the Prime Minister’s order to deal with problems facing pandemic-hit businesses and people while tackling obstacles and promoting investment projects./.

VNA