INTERVIEW
During more than one year, we are absolute in compliance with the guidance of Government to limit the spread of the virus. STAY SAFE EVERYDAY is our working orientation throughout the pandemic. Thanks to that, there was not a single effected case of Covid-19 in Vinh Hung JSC and our company still operates normally. -
LUONG VO TA, General Director, Vinh Hung JSC, Vietnam
Established in 2006, Vinh Hung Trading, Consulting and Construction Joint Stock Company (Vinh Hung JSC) has become a leader in supplying products and technological solutions for transportation and industrial construction. Vinh Hung sale’s network spreads throughout the country with the Head office based in Ha Noi, the Branch located in Ho Chi Minh city and the Representative office located in Da Nang. The company has played an important role in creating competitive advantages of Vinh Hung brand name, contributing to ensuring sustainable development of the Company on three fields: “Trading, Manufacturing, and Construction”. An interview with Mr. Luong Vo Ta - General Director of Vinh Hung JSC about how the enterprise approaches to Asian markets, especially to India during the Covid-19 pandemic and the opportunities along with challenges of Vinh Hung when expanding exports to these markets.
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METRO RAIL TODAY MAY 2021
Can you share with our readers how Covid-19 situation updates is in Vietnam? As of April 1st, 2021, there have been 2.603 total infections of coronavirus in Vietnam. At the moment, Vietnam has recorded 35 deaths related to the pandemic so far. Vietnam never had a national lockdown and we try to localize the lockdown and limit the area, as small as possible. In 2020, Vietnamese Government estimates showed economy growing 2.9% and set to grow 6.6% in 2021. Although this is the slowest rate in more than 30 years, it still proves Vietnam to be a rare winner from the Covid-19 pandemic. Sharing long border with China, Vietnam has appeared the first infected case since late January 2020. Right from that time, we has taken very drastic measures that most other countries had only implemented from March-April 2020 to against Covid-19 such as: • Closing the border, banning flights from China • Testing and the mass, centralized quarantine of tens of thousands of people. • Strengthening the propaganda to prevent epidemics • Compulsory wearing masks in public places, spraying bacteria frequently, etc. That is how we successfully contained Covid-19 and fulfilled the government's dual goals of controlling the epidemic while maintaining economic growth How has Covid -19 affected Vietnamese enterprises? Like businesses in the world, Vietnamese enterprises were negative affected by the pandemic. When the first outbreak happened, enterprises were very confused, many factories closed, consumption decreased, and foreign investment decreased suddenly. Especially, Vietnam has a very high ratio of exports and imports to GDP (198%) so its economy depends a lot on the international market. As a results, we were affected strongly when the pandemic broke out around the world.
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