COVID-19 makes nearly 10% of domestic firms lack capital: official

Nearly 10% of Vietnamese firms lack capital and money for their business, especially micro-, small- and medium-sized enterprises (MSMEs), because of the lingering COVID-19 pandemic, General Secretary of the Vietnam Chamber of Commerce and Industry (VCCI) Nguyen Quang Vinh has said.

In addition, they face also market and material shortage due to the adverse impact of the pandemic.

To offset losses triggered by the pandemic, the Government rolled out various policies last year to help firms reduce operation costs and maintain finances.

A recent VCCI report with more than 12,000 respondents, however, showed that a large number of Vietnamese firms have difficulty in getting access to aid packages.

Insiders have voiced their opinions in favour of companies' capital mobilisation via the stock market, in an attempt to ensure the sustainable development of the financial market and stabilise the macro-economy, as well as sharpen businesses’ competitive edge.

Related

Domestic firms urged to accelerate digital transformation process
Domestic firms urged to accelerate digital transformation process

VOV.VN - Local businesses have been advised to make digital transformation of business and production procedures their top priority in an effort to enhance competitiveness and seize upon new market opportunities, particularly as they strive to swiftly recover from the COVID-19 impact, according to insiders.

Domestic firms urged to accelerate digital transformation process

Domestic firms urged to accelerate digital transformation process

VOV.VN - Local businesses have been advised to make digital transformation of business and production procedures their top priority in an effort to enhance competitiveness and seize upon new market opportunities, particularly as they strive to swiftly recover from the COVID-19 impact, according to insiders.

HCM City mulls ways to help small firms achieve digital transformation
HCM City mulls ways to help small firms achieve digital transformation

Ho Chi Minh City leads Vietnam in digital transformation, but its small, medium and micro enterprises, which account for a majority of businesses, face challenges in achieving it.

HCM City mulls ways to help small firms achieve digital transformation

HCM City mulls ways to help small firms achieve digital transformation

Ho Chi Minh City leads Vietnam in digital transformation, but its small, medium and micro enterprises, which account for a majority of businesses, face challenges in achieving it.