covid-19 impacts

Update news covid-19 impacts

Nealy 120,000 firms leave market in 2021 due to COVID-19 pandemic

As many as 119,800 firms left the market in 2021, up 17.8 per cent year-on-year due to the negative impact of COVID-19, with strict blockades and prolonged social distancing especially in the third quarter, according to the General Statistics Office.

Home-sharing, shared-kitchens boom during pandemic

Booking a room on the phone, ordering food from an app and shopping online with smart lockers, people are increasingly using technology, changing the habits of consumers.

COVID-19 increases existing inequalities: experts

While inequalities have long been present in almost every society, the pandemic has significantly exposed and increased the gaps, especially between those who can afford remote work and those who cannot. 

Young child's suicide sparks concerns over mental health

A 12-year-old boy in Hanoi fell to his death from an apartment building, sparking concerns over children’s mental wellbeing and parents’ negligence on the matter, especially during the COVID-19 pandemic.

High inflation poses challenges

Large economies such as the US, the major partners of Vietnam, are recovering rapidly, which could bring more trade and investment opportunities to Vietnam. But economists have warned of high inflation.

Homestay businesses struggle during pandemic

The homestay service in the northern province of Quang Ninh has dynamic growth since 2018, showing off the popular trend of short-term accommodation in the province.

Thousands of trucks stuck at border gates due to China’s strict covid control

It has been more than a week since the congestion of trucks carrying agricultural products to China at the Vietnam-China border gates in Quang Ninh Province began. 

Fowl play for families during pandemic

Children throughout the country are going through a lonely time due to having to study online and not being able to hang out with friends.

Covid-19 costs HCMC over VND273 trillion

The Covid-19 pandemic has caused losses of some VND273 trillion for HCMC since 2020, said chairwoman of the municipal People’s Council Nguyen Thi Le. 

Cruise ship owner sells three houses to pay debts, hotel owner seeks help

The owner of a cruise ship sold his three houses to pay debts, while the owner of a hotel hung up a door plate asking for help from the local government. Both are signs of the dire conditions in the tourism sector.

100,000 businesses leave market, millions of families in difficulties

Most of the 100,000 businesses that have left the market in 2021 have been small and medium sized enterprises (SMEs), which has caused difficulties to millions of workers and their families.

Christmas atmosphere darkened by Covid-19 pandemic

Hotels, restaurants and families are spending less money on Christmas decorations this year and many have not kicked off their decoration plans.

HCM City will not meet economic growth target due to fourth COVID wave

While HCM City is not expected to meet its economic growth target of 6 per cent for 2021 due to the impact of the fourth COVID wave, its budget revenue has exceeded the year’s target.

New business ideas arise amid the pandemic

Due to the influence of Covid-19, many people have created their own jobs, businesses or moved to technology-based industries.

 

Vietnam's aviation enterprises again seek preferential loans

Local aviation enterprises have again asked for preferential loans to overcome difficulties caused by the pandemic.

Support packages should be spent on health and business recovery: experts

Vietnam's fiscal support package needs to contain the pandemic and minimise health and economic impacts, so it will be necessary to give priority to spending on health, social security and support for the business sector.     

Adjustments to social welfare policies needed to not leave anyone behind: Experts

Statistics from the Ministry of Labour, Invalids and Social Affairs showed that 28.2 million people across the country have been affected by COVID-19, including 4.7 people losing jobs, accounting for 16.5 percent.

 

Private businesses in the Covid-19 pandemic

According to unofficial statistics of the Central Institute for Economic Management, many private businesses have importantly contributed to the country’s fight against the COVID-19 epidemic.

 

CEOs of hard-hit travel firms shift to selling and delivering vegetables to clients

As the tourism market has been in the doldrums during Covid-19, travel firm CEOs have had to take other jobs to earn a living. But in many cases, these choices ended up opening up great opportunities for them.

Private preschool teachers struggle to earn living due to pandemic

Thousands of teachers at private kindergarten schools across the country are struggling to earn a living after nearly seven months of closure due to the COVID-19 pandemic.