Business

Firms are mulling plans to enlarge business scales in 2012.

According to a recent survey of Vietnam Chamber of Commerce and Industry (VCCI), 32 per cent of firms expected to expand business in 2012.

Specifically, Doji Gold and Gems Group are eager to embark on new plans in 2012 after getting a big chunk of money from selling a 95 per cent stake in sanitary napkin maker Diana Joint Stock Company to Japan’s Unicharm Group.

“This is a huge and significant amount of money in current tough business climate,” said Doji’s general director Nguyen Minh Phu.

Phu added: “With our current capacity, we are willing to jump into new areas, even in property due to low investment costs against multiple opportunities.”

In the same move, Vinatex Danang is also making plans after Japan’s Apron Company revealed its intention to enlarge the labour protective clothing manufacture contract with Vinatex Danang. The first contract was inked in August, 2011 and yielded upbeat business figures.

“Once the agreement is approved, 6,000 square metre Danang workshop will be expanded. Apron Company will also provide technical experts and pay for employees working there,” said Vinatex Danang’s administrative head Ho Viet Thanh.

Reality shows that after restructuring enterprises saw noticeable improvements in performance leading to scores of firms think of enlarging scale in 2012 irrespective of unsatisfactory forecasts for 2012’s first quarter.

Also according to VCCI’s recent survey, 65 per cent of surveyed firms saw quality improvements after restructuring while 57 per cent of firms enjoyed higher productivity. The survey also showed that 57 per cent of firms believed in stable conditions for doing business in early 2012.