Vendors and stores in Hanoi go belly-up with COVID-19

March 12, 2020 | 17:45

(0) user say

A large number of stores on the streets of Hanoi are on the verge of bankruptcy as they are powerless to deal with the COVID-19 outbreak.

The usually bustling shopping and food streets in Hanoi like Ba Trieu, Trieu Viet Vuong, and Pho Hue are now deserted

Many shopkeepers said that their business was been affected heavily by the health crisis, with revenue dropping to untenable lows

Closing the stores and suspending lease contracts helped them save some the expenses

Some vendors asked landlords to cut the leasing price

A restaurant on Ba Trieu street announced closing temporarily until March 17

Clothes stores are coming out with bigger and bigger promotions. A shop owner said that these sales help at least partially ease her cost burden

VOV

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional

Tag:

Hanoi COVID-19 retail smes coronavirus

Themes: COVID-19

[Read More]

“Happiness Road” in Ha Giang Karst Plateau (August 31, 2023 | 17:34)
Australian Foreign Minister enjoying autumn in Hanoi (August 24, 2023 | 11:25)
Bac Lieu’s wind power farm: A must-see destination for sunset lovers (July 28, 2023 | 11:24)
Thien Duong Cave - An “underground maze” in Quang Binh (June 30, 2023 | 10:01)
Vinh Hy Bay among top four stunning bays in Vietnam (June 22, 2023 | 17:52)
PMs of Australia and Vietnam promote the power of sport to change girls’ lives (June 06, 2023 | 12:31)
The Charity Scholarship Award Ceremony was held by VIR in Ha Tinh and Nghe An provinces (June 01, 2023 | 16:06)
Co To islands hold huge potential for tourism development (May 19, 2023 | 10:47)
VIR honours investors who help make Vietnam an FDI success story (photo) (May 16, 2023 | 15:20)
Amazing natural beauty of Son Tra Peninsula (May 08, 2023 | 15:31)

[Read More]