Businesses in Vietnam seek support amid Covid-19 losses

The tourism and service industry in Đanang, one of the cities attracting the most foreign tourists, is expected to suffer losses of up to VNĐ700 billion due to the slump in tourism in the two months since the novel coronavirus epidemic began.

Lê Hữu Nghĩa, general director of Lê Thành Construction and Trading Company, said his company’s hotel chain saw 95 per cent cancellations, and rooms are now booked only by businesses and almost none by tourists. It would host a major promotion campaign in foreign markets in the second quarter, including in Russia, India and Australia, and prepare for reviving tours from China, Japan and Korea after the epidemic ceases, he said.

According to statistics from the Civil Aviation Authority of Vietnam , Vietnamese airlines carried 3.7 million passengers in February, a drop of 13.7 per cent year-on-year. The number of international passengers fell by 39.5 per cent to 870,000 while the number of domestic passengers reduced by 0.7 per cent to 2.8 million.

The CAAV’s statistics revealed a drop of 11.6 per cent in the number of arrivals and departures at airports in February to 8.1 million. Of the figure, foreign passengers accounted for 2.4 million, down 29.8 per cent. Domestic passenger numbers decreased by 0.7 per cent to 5.7 million.Chu Tiến Dũng, chairman of the HCM City Union of Business Associations , said urgent support is needed from the government to help the tourism industry in various key provinces and cities.

Many food processing enterprises are in fact requiring to increase production to meet the surge in demand both domestically and in export markets.

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