Friday, April 20 2018

VietNamNews

Technology aids Delta firms: VCCI

Update: March, 21/2018 - 12:00
The use of modern technologies enabled enterprises in Cửu Long (Mekong) Delta provinces to achieve outstanding results last year, a recent survey by the Việt Nam Chamber of Commerce and Industry, Cần Thơ city, has found.– Photo baocantho.vn

MEKONG DELTA – The use of modern technologies enabled enterprises in Cửu Long (Mekong) Delta provinces to achieve outstanding results last year, a recent survey by the Việt Nam Chamber of Commerce and Industry, Cần Thơ city, has found.

The survey said the number of companies achieving good results had increased sharply along with their turnover and profits.

Nearly 39 per cent of companies based in the region reported improved operations, almost 7 percentage points higher than in 2016.

Nearly 64 per cent of companies saw their revenues rise, the highest rate in three years, the VCCI said.

More than 57 per cent achieved profits in 2017, slightly up from the previous year.

Besides the use of technologies, the VCCI also attributed the companies’ success to strengthening human resource training and improved labour capacity.

In addition, they were also more active in seeking raw materials suppliers and regular buyers and had improved their management to control costs and improve quality.

Many of the successful companies were in sectors like trading, construction and real estate.

The VCCI also reported that aquaculture companies faced difficulties last year due to high costs, strong competition from China and ASEAN members and volatile markets.

To overcome their challenges, it urged companies to focus more on technology 4.0, human resources, management and brands.

Company chiefs should have a clear understanding of markets, policies and trade agreements, it said.

Last year the delta region’s economy grew at 7.6 per cent, higher than the country’s 6.8 per cent.

It saw nearly 9,000 new companies being set up, 776 higher than in 2016. Nearly 2,000 others resumed operations after suspending them for various periods.

The delta is home to one city and 12 provinces. — VNS

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