As Vietnam is emerging as a magnet for foreign businesses, domestic companies now have numerous opportunities to join global supply chains and develop supporting industries.
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Domestic enterprises remain struggling
15/03/2021 12:42 GMT+7
More than 90 percent of domestic enterprises are small and medium-sized. The advantage of this business model is that it quickly responds to market fluctuations.
However, in the opposite direction, due to small scale and weak internal resources, it is also vulnerable when the market experiences shock.
Production at Minh Man Printing Company is still stable despite the Covid-19 pandemic. Photo: SGGP
Bright spots As soon as the Covid-19 pandemic broke out in early 2020, some domestic enterprises operating in the field of food and foodstuff production have changed rapidly. Accordingly, instead of being interrupted production due to the break of the source of imported raw materials, enterprises have transformed by cooperating or quickly investing in production lines of raw materials from domestic agricultural and fisheries resources.