The return of the recent Covid-19 wave has created challenges when choosing investment for FDI enterprises not only in Vietnam but also in other countries around the world. However, the key point here is not just the epidemic, but how effectively the country responds to the epidemic. Thanks to good anti-epidemic ability and measures to support businesses to maintain stable production, Viglacera’s industrial parks (IPs) in Vietnam continue to be a reliable destination for investors around the world.

Although the COVID-19 pandemic has had a significant impact on production and business activities, recent positive data confirm that Vietnam is still an attractive investment destination for foreign businesses such as Singapore, Korea, China, Japan, with health measures, epidemic control, as well as economic recovery programs, business support, tax incentives of the Vietnamese government.

In line with that trend, Viglacera’s industrial parks (IPs) in Vietnam continue to be a reliable destination for investors. Facing optimistic forecasts about the economic recovery in the period of 2021 – 2022, Viglacera investor has been focusing resources on site clearance and infrastructure improvement in industrial parks to keep up with the demand for land for industrial production, welcome the next wave of investment.

Despite the complicated developments of the Covid-19 epidemic, up to now, Viglacera is still a reliable destination for many foreign investors, with the presence of large manufacturing and technology corporations, multinational corporations from China, Korea, etc.. with investment capital up to hundreds of millions of dollars.

Viglacera’s IPs with synchronous infrastructure still receive attention from many domestic and regional investors.

Location map of Viglacera’s industrial parks in Vietnam (Phu Tho, Bac Ninh, Hung Yen, Ha Nam, Thai Binh, Quang Ninh, Thua Thien Hue)

Up to now, Viglacera has developed 11 industrial parks in Vietnam and one economic park in Cuba, attracting nearly 15 billion USD in FDI from more than 300 domestic and foreign enterprises, creating jobs for tens of thousands of labors in the region. Thanks to the advantage of location in many provinces, Viglacera’s IPs bring diverse choices for investors, meeting the needs of each business. Industrial parks all have clean land and complete, synchronous and modern infrastructure, ready to welcome businesses to rent and build factories.

Viglacera is a leading industrial park developer in Vietnam with more than 20 years of experience, the list of operating industrial parks of Viglacera includes: Tien Son Industrial Park (Bac Ninh), Yen Phong Industrial Park (Bac Ninh), Yen Phong Industrial Park 2C (Bac Ninh), Phu Ha Industrial Park (Phu Tho), Hai Yen Industrial Park (Quang Ninh), Dong Mai Industrial Park (Quang Ninh), Tien Hai Industrial Park (Thai Binh), Dong Van IV Industrial Park (Ha Nam), Phong Dien Industrial Park (Thua Thien Hue), Yen My Industrial Park (Hung Yen), ViMariel Economic Zone (Cuba). It is expected that the investor will start construction of Thuan Thanh Industrial Park (Bac Ninh) in the first quarter of 2022.

Visit the industrial park through 360 virtual reality tour:
Yen Phong Industrial Park – Yen Phong 2C: https://yenphong360.viglaceraip.com
Phu Ha Industrial Park: https://phuha360.viglaceraip.com
For more information, please contact the hotline: (+84) 888 25 22 88 | Website: https://viglaceraip.com

In the challenge of complicated developments of the COVID-19 epidemic, the company’s production and business activities in the first 9 months of the year still achieved positive results thanks to proactively strictly following anti-epidemic measures, sticking to the plan. and respond flexibly to the needs of the market.

The third quarter of 2021 is the quarter most heavily affected by the Covid 19 pandemic, major cities such as Hanoi, Ho Chi Minh, Da Nang and other provinces all have to implement social distancing according to Directive 15, 16 of the Prime Minister. However, due to the proactive response to difficulties and the solidarity of all employees of the Corporation, in the first 9 months of the year, the Corporation still maintained the production, business and production activities of the units. The position is stable, keeping workers safe as well as preventing the spread of disease in the community.

Viglacera Corporation has Steering Committees for COVID-19 prevention and control at its units and Covid Safety Teams in projects and operating areas of the Industrial Park, propagandizing and mobilizing the whole Corporation to implement. epidemic prevention and control measures under the guidance of the Ministry of Health and competent agencies; Develop plans for epidemic prevention and control of units in cases of isolation / isolation / blockade according to decisions of competent authorities; Prepare medicines, medical supplies, logistical relief teams… to take the initiative, ensure that business activities are not affected; Directors/Heads of units are responsible for regularly updating developments and reporting to the Head of the Steering Committee for Epidemic Prevention and Control of the Corporation.

Production units of the Corporation implement “3 on-site” to maintain production

In addition, the Corporation has actively contacted State management agencies and front-line hospitals to deploy a series of COVID-19 vaccines for all officers, employees and worker of the Corporation.

Beside that, the trade union system has strengthened the implementation of anti-epidemic propaganda measures at the unit and closely followed the epidemic situation, continuously updated the situation with the Corporation’s Trade Union to promptly supporting trade union members, employees and units, ensuring health and safety care for employees throughout the Corporation.

Since the outbreak of COVID-19, consumer shopping behavior has changed from shopping activities outside of stores and supermarkets to online shopping at home. Understanding that, Viglacera accompanies customers during the COVID-19 season with the Viglacera Shop Online e-commerce channel (www.viglacera.vn) and many attractive promotions such as: Offering product combos selection based on synchronous criteria of designs, models, features and prices suitable for customers; free shipping policy; gift programs, discounts… Viglacera Shop Online has really created a different shopping experience, becoming the first choice in the building materials market of Vietnamese consumers.

Efforts to perform the “dual goal” of both fighting the epidemic and developing production were recorded with the results in September and the first 9 months of the year having exceeded the targets of the 2021 Plan approved by the General Meeting of Shareholders. In which, the profit before tax of the parent company in the first 9 months of the year reached 127% of the year plan, an increase of 353 billion over the same period and the consolidated profit of the whole Corporation reached 104% of the year plan, an increase of 350 billion over the same period.

In the list published in early June 2021, Viglacera Corporation (VGC) was voted in the Top 50 best listed companies on the stock market in 2021 by Forbes Vietnam. The ranking of 50 best listed companies in Vietnam this year was announced by Forbes Vietnam in the context of the country’s efforts to combat the 4th wave of COVID-19 outbreak. The business results of listed companies over the past time partly show their bravery, ability to adapt, even boldly invest, and prepare to take advantage of development opportunities when the pandemic is over. As well as the effectiveness from the support thanks to the loosening monetary policies, the solutions to support businesses to restore production by the Government, ministries and branches.

One of Viglacera Corporation’s activities to support the prevention of Covid-19

During the outbreak from the beginning of May 2021 until now, Viglacera has contributed more than 20 billion VND through the Fatherland Front Committees in localities such as Bac Ninh, Phu Tho, Bac Giang, Quang Ninh, Ha Nam, etc. Thai Binh and Thua Thien Hue, and government vaccine funds. The contribution of Viglacera Corporation in the construction and completion of the field hospital once again demonstrates Viglacera’s sense of responsibility to society, the community and the country.

Speaking at the Quarter three briefing, Chairman of the Corporation’s Board of Directors Nguyen Van Tuan noted Viglacera’s results achieved in the past 9 months, despite the market’s difficulties, the Covid pandemic has directly affect the production and business activities of the whole Corporation, but in difficulties, Viglacera has proved the determination to overcome difficulties to achieve good results. The last three months of the year are still difficult challenges when entering the new normal, Viglacera needs to ensure the dual goals of safe and effective production and business, sticking to the set goals and orientations, and planned for 2022 with new breakthroughs.

1. Guidelines for testing SARS-COV-2 at production and business facilities
The recommendation was made as part of an urgent document (NO. 8228/BYT-MT) sent on September 30 by the ministry to governmental agencies, sectors, provinces and centrally-run cities regarding SARS-CoV-2 testing for business and production facilities.
The move was made after Prime Minister Phạm Minh Chính directed the MoH to urgently issue COVID-19 self-testing guidelines for enterprises, thus creating favourable conditions for them to stay proactive in their business activities while ensuring safety in pandemic prevention and control.
According to the COVID-19 self-testing guidance issued on September 30, the ministry has proposed conducting screening tests for all cases of employees with suspected COVID-19 symptoms such as cough, fever, and shortness of breath, and those with related epidemiological factors.
For enterprises in high-risk provinces and cities, real time RT-PCR or rapid antigen tests are required every week for 20 per cent of high-risk workers and all direct service providers to the facilities.
For those in localities at risk, real time RT-PCR or rapid antigen tests are required at least twice a week for at least 5-10 per cent of high-risk workers and all direct service providers to the facilities.
The ministry said enterprises must be solely responsible for the quality of antigen tests, testing procedures and results.
If enterprises implement the SARS-CoV-2 antigen rapid test themselves, they must take guidance from the provincial centre for disease control or the district health centre, it said.
Meanwhile, drivers transporting goods from an area with social distancing measures to neighbouring areas with lower risk of infection must have this testing performed at medical facilities.
Recently, several local media outlets said enterprises had faced difficulties in production recovery due to the serious shortage of workers and different COVID-19 testing requirements in localities. — VNS.

2. Labour Confederation proposes health insurance premium exemption to 01/2022
The Vietnam General Confederation of Labour (VGCL) has proposed an eight-month exemption of health insurance premiums, until January next year, for labourers and firms victimised by COVID-19.
The beneficiaries include workers whose labour contracts are suspended or those who have to leave their jobs without any salaries at firms, public and private primary and secondary educational establishments during the time of temporary closure to curb the spread of the pandemic.
An estimated budget of 33.6 billion VND (1.46 million USD) is set to support 50,000 people.
The VGCL also asked the Government to add more pandemic-hit workers into the list of beneficiaries.
It put forward assistance in cash for workers who had to stop working in over two weeks for they must stay in concentrated quarantine facilities, at their accommodations or sealed off areas.
Some 60 billion VND sourced from the State budget will be earmarked for 60,000 people from June 1 until the end of this year./..

3. Small and medium-sized businesses supported 50% of the value of technology transfer consultancy contract
It is one of the new contents stated on Decree No. 80/2021/ND-CP of the Government dated August 26th, 2021 on regulating and instructing the enforcement of the law on support for small and medium-sized enterprises (SMEs).
Accordingly, SMEs are eligible to be supported the maximum of 50% of the value of technology transfer consultancy contract, but no more than VND 100 million/contract/year/enterprise; 50% of the value of the contract on digital transformation measures for business process, administration, manufacture, technology and business model transformation but no more than VND 50 million/contract/year/small enterprise and VND 100 million/contract/year/medium-sized enterprise.
Besides, enterprises are supported the entire cost of startup training courses and up to 70% expense of SMEs business administration training course. They are eligible to freely access and attend online lectures available on the online training system of Planning and Investment Ministry and the provincial People’s Committee, etc.
In addition, SMEs joining in start-up, industrial cluster or value chain will be given an interest rate support when applying for medium and long-term loans from credit institutions to carry out their manufacture or business projects. Through credit institutions, National Bank applies the interest rate differential of 2%/year to the loans of SMEs joining in industrial cluster and value chain.
The Decree is valid since October 15th, 2021..

4. Vietnam approves 30% CIT reduction
The Government has decided to implement a 30 per cent corporate income tax (CIT) cut for certain businesses for the 2020 financial year.
Việt Nam’s National Assembly on June 19 ratified the Government’s proposal to cut corporate income tax by 30 per cent.
According to Decree No 114/2020/NĐ-CP, all enterprises, co-operatives, agencies and organisations established under Vietnamese law and generating income of no more than VNĐ200 billion (US$8.58 million) a year are eligible. The 30 per cent reduction is only applicable to income generated in 2020.
In cases of a newly established enterprise or those which have changed their form, ownership, or have undergone consolidation, merger, acquisition, dissolution or bankruptcy in a month, the operation period shall be counted for the full month.
In cases where the enterprise expects total revenue in the 2020 corporate income tax period to not exceed VNĐ200 billion they shall determine the quarterly temporary payment equal to 70 per cent of the payable CIT amount of the quarter.
Recently, the Board for Private Economic Development Research proposed a 30 per cent CIT reduction for all businesses in 2020, instead of only applying to businesses with total revenue of less than VNĐ200 billion.
The board also proposed to reduce value-added tax from the current 10 per cent to 5 per cent with an aim to stimulate consumption..

The Foreign Direct Investment (FDI) inflow suggests continued confidence in Viet Nam’s economy, according to the World Bank (WB)’s September 2021 Viet Nam Macro Monitoring which was released on September 15.

Over the first eight months of 2021, FDI commitment reached a total of US$ 14 billion, only two percent lower than the same period in 2020 while the disbursed investment reached US$11.7 billion, a two percent year-on-year increase, stated the WB.

In fact, Viet Nam attracted US$ 2.4 billion of FDI commitment in August 2021, a 65 percent increase compared to the previous month.

Higher FDI commitments were driven by newly registered capital flowing into manufacturing, said the WB, affirming that this increase indicates foreign investors’ continued confidence in Vietnamese economy in the longer run.

The WB supposed that the overall performance of the economy in 2021 will depend critically on whether the Government will be able to manage the current outbreak effectively in September so that economic activities can resume in the last quarter.

The Government should use fiscal policy to boost domestic demand in the short term, by accelerating the disbursement of the public investment programs and providing further income support to affected households to help the recovery of private consumption, the WB suggested, adding that support to businesses, especially small family businesses, would also help boost economic activities and employment.

Source: laodong.vn