Firms need policies for sustainable development after pandemic Viet Nam needs policies to promote the sustainable development of businesses after the COVID-19 pandemic ends, according to the Viet Nam Chamber of Commerce and Industry (VCCI). The VCCI’s Chairman Vu Tien Loc said sustainable development was vital for businesses in the long term, adding that this was also a “lifebuoy” to help businesses cope with and recover from any situation. Nguyen Quang Vinh, deputy chairman of the Viet Nam Business Council for Sustainable Development (VBCSD) under the VCCI, said that the pandemic had caused considerable declines in consumption and exports and caused a shortage of raw materials, creating difficulties for firms. It’s time for firms to develop appropriate strategies to address pressing issues in the short term in tandem with their sustainable development in the medium and long terms, Vinh said. According to a VBCSD survey, 31 per cent of member companies said they would focus more on the domestic market and reduce dependence on foreign markets, while 81 per cent said that they would strengthen sectoral ties to prevent value chain disruptions if a similar crisis hit again. The firms also said they would promote the development of e-commerce, online… Read full this story
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