Poor sales lead to massive business closures
By Minh Tam - The Saigon Times Daily
HCMC – Nearly 15% of the 26,000 enterprises that have shut down their operations this year suffer from poor sales, according to the Ministry of Industry and Trade.
Tran Huu Linh, director of the Vietnam E-commerce and Information Technology Agency under the ministry, was speaking at a seminar on supporting enterprises in cloud computing-based online marketing and sales held in HCMC on Tuesday.
There are varied reasons for the 26,000 enterprises having suspended operations, he said, and 14.7% of them have been unable to sell their products, following those racking up huge losses with 69% and financial distress with 28.2%.
Besides, the number of newly-registered enterprises has dropped by 12.5% from the same period last year while that of enterprises stopping operations has risen by 5.4%. The number of dissolved enterprises has gone up by 35.4% year-on-year.
The Ministry of Industry and Trade is studying solutions, from changing selling methods, holding trade promotion activities and seeking markets, to support the corporate sector.
In a related development, the Ministry of Industry and Trade offers a website design service eKip to support enterprises selling products online at low costs.
The eKip service offered at www.eKip.vn was developed by the Vietnam E-commerce Development Center (EcomViet). It enables enterprises to create a website based on technical background equipped with all the features of an online sales system.
Companies can choose their favorite among the 60 designs available on eKip. The service cost ranges between VND99,000 and VND599,000 per month, depending on the volume of products posted on their websites and the capacity.
According to Nguyen Ky Minh, director of EcomViet, eKip helps enterprises save time and costs when creating a website. The service also has management tools and enables enterprises to run their website efficiently.
The service developer is offering a discount and a free test-use for enterprises for 15 days.