Workshop held on production management solutions

The workshop aimed to provide direction and recommendations for small and medium-sized enterprises in the manufacturing industry. Additionally, technology solutions were introduced to support businesses in adapting and building a solid foundation for sustainable development.

Although the economic situation this summer appeared more promising compared to earlier this year, manufacturing and business activities still face significant challenges. The most pressing issue for the business community is capital, as companies struggle to devise feasible business plans and cannot access funding. Sources of capital, such as bonds, stocks, and the real estate market, are recovering slowly, or even declining, making the situation more critical.

At the workshop, Nguyen Thi Thanh Huyen, CEO of GCCI Consulting, pointed out common financial management challenges in manufacturing businesses. These challenges include inaccurate production volume determination, lack of comprehensive and structured processes for vital financial management aspects, and poor cash flow management leading to production capital shortages.

“Some businesses experience a lack of project investment knowledge. Others neglect or underestimate waste in manufacturing, failing to focus on continuous production improvement,” she said.

According to 1C Vietnam, over 97 per cent of Vietnamese businesses, especially small and medium-sized enterprises, are facing limitations in capital capacity and have difficulty providing asset collateral. Therefore, the top priority for companies, particularly those in the manufacturing sector, is cost optimisation in production and operations. This complex problem can be addressed through digital transformation and the application of technology to business production activities.

Hoang Van Anh, senior expert in digital transformation solutions at 1C Vietnam, emphasised that manufacturing companies have unique characteristics, and leaders need flexible, customisable software solutions to adapt to customer changes.

“This approach also helps companies save costs. With modern digital office platforms, businesses can easily customise functions, even for complex requirements. All information stored in a single database allows easy access for management,” he said.

Tran Thi Trang from the Support Center for Enterprises said, "In the upcoming period, we will actively support businesses in their digital transformation journey, with specific directions such as organising 50 training courses on knowledge related to digital transformation for businesses; conducting 30 direct training courses for manufacturing and processing enterprises; consulting 20 small and medium-sized businesses on digital transformation solutions; organising communications campaigns for businesses that have successfully transformed digitally and those with prominent digital transformation platforms."

The workshop also shared stories and lessons about digital transformation, so that businesses could draw experiences and choose the right path to revive and enhance their competitiveness.

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