Preparing for the year-end production season

​From the beginning of the year until now, the macroeconomic picture has many positive points. Economic growth rate still achieved positive results, export - import had a good growth over the same period. However, analyzing the production and business picture of the business community in general and enterprises in the province in particular, there are still bright and dark colors inside.

 
Enterprises actively prepare for the year-end production season

In order to continue to stabilize production and make efforts to implement the set plans, enterprises must also proactively anticipate and respond to unexpected challenges.

In the field of construction, as a private enterprise, capable of taking on the role of general contractor for large construction projects, especially in the field of steel structures, factories and some other infrastructure works, Vo Dac Construction Co., Ltd. (Bien Hoa City) is in charge of many different projects. In the past time, the price of raw materials for the construction industry has always been "dancing", affecting the production and business efficiency of enterprises.

According to Mr. Nguyen Tang Manh, Director of Vo Dac Construction Co., Ltd., in the first two quarters of the year, revenue only reached about 35-40% of the plan. If the situation continues to be difficult, it is expected that businesses will only achieve about 50-55% of the plan set out in 2022. Similarly, the transportation industry faces a continuous increase in gasoline prices, businesses face many problems. Recently, the "cooling" of gasoline prices has partly helped businesses feel more secure, but in general, the transportation industry is in a "terrible" position. As for public bus transport, in the province, many bus routes have been abandoned since the outbreak of the Covid-19 epidemic until now. The transport industry is trying to call for units to re-operate or businesses to bid for the route, but few people are interested.

In some industries, there are enterprises facing difficulties, but there are also many enterprises with positive production and business results. At Future Company Limited (Long Thanh district, specializing in the production of technical rubber), production and business results are very positive. Mr. Truong Quoc Cuong, director of the company, said that the unit is currently one of 25 enterprises in the group of companies in the supply chain of supporting industry products of the Ministry of Industry and Trade. As a result, customers know more about the company's products; In recent months, partners come to inquire and order production is increasing. Similarly, Nhat Nam Mechanical Company Limited (Bien Hoa City) has put into operation a new factory with an area of more than 4,000 m2 with a capital of more than USD 1.5 million and invested in more modern machines and robots in order to production automation.

Preparation efforts for the last months of the year

Now, in the middle of the third quarter of the year, enterprises are trying to enter the year-end production season, but under the influence of the world situation and market fluctuations, it is forecast that the difficult situation will continue. That requires businesses to actively respond to challenges. Director of Vo Dac Construction Co., Ltd. Nguyen Tang Manh shared, in order to reduce costs, enterprises must continue to streamline their apparatus. Human resources must be minimal, making it difficult, but businesses must also adapt. At the same time, the company has focused more heavily on manufacturing and fabricating buildings, pre-engineered steel buildings and has begun to export products to foreign countries.

At Trang Minh Duc Trading Production Co., Ltd (Bien Hoa City), company director Vu Van Toan shared his prediction about the world and domestic economic situation in the coming time, which will continue to face difficulties. Enterprises work in the field of mechanical engineering and manufacturing so the source of raw materials must depend on imports from abroad, many machinery components, iron and steel are not qualified. However, importing is not easy, so he has to focus on storing materials for production in the last months of the year, even the following year.

According to economic experts, exchange rate, inflation, and interest rate hikes are identified as the main obstacles for businesses from now until the end of 2022. But many businesses also expect domestic demand and support packages. The economy can be a favorable boost for businesses, helping to reduce difficulties and obstacles. It is important for each enterprise to clearly identify its specific difficulties and challenges in order to have appropriate and proactive adaptation solutions to undesired impacts.