Vietnamese enterprises’ major post-COVID challenges named

A new report by Prime Minister’s Advisory Council for Administrative Procedure Reform has identified nine groups of challenges that enterprises in Vietnam are facing in the coming time.

Illustrative photo (Photo: VNA)

They include the increase of inflation rate/prices of goods and materials; the risks of crisis and increasing costs that suppliers suffer; the insufficient quality of human resources; the improper logistics services; the labour shortage; the changes and lack of transparency in regulations related to governance/environment/society; the technology/digital and cybersecurity-related risks; the ethical/legal/reputational risks of distributors/intermediaries and agents; and difficulties for business to access bank capital.

The report on evaluation of support policies for enterprises impacted by the COVID-19 pandemic was conducted with data provided by 355 enterprises in 46 localities across the countries, nine business associations in Ho Chi Minh City and Hanoi, and 11 State agencies.

Findings show signs for the recovery of businesses in 2022 and positive growth of 10.4%. However, the growth was achieved thanks to the low starting effect caused by the sharp decline during the pandemic. According to the report, the actual growth in 2022 is 0.8% compared to 2019, which nearly reached the level before the epidemic. So, it raised the need for Government to take measures to support and promote the growth rate in the subsequent years.

The report was carried out through the technical assistance project to promote reforms and enhance linkage for small- and medium-sized enterprises (LinkSME) of the United States Agency for International Development (USAID).

LinkSME supports research and evaluation of the effectiveness of these policies to seek lessons in the design and implementation of government support programmes and policies.

The report is expected to make recommendations to the Prime Minister and the Government on amendments to the business support programmes and policies./.

VNA