Saturday, September 19, 2020 12:42:00 PM - Markets open
VN-INDEX 900.95 +6.91/+0.77%
HNX-INDEX 129.20 +0.73/+0.57%
UPCOM-INDEX 60.59 +0.72/+1.20%
Travel industry demands coronavirus support
Vietnam News - 4/18/2020 8:33:07 AM
 (0 ratings. You must sign in to rate.)
The HCM City Department of Tourism said it has submitted to the State Bank of Việt Nam a list of 31 travel and tourism firms that are seeking help to make it through the disruption caused by the COVID-19 pandemic.
 
They want new loans, cuts in their bank loan interest rates and more time for repayment so that they could remain in business and keep their employees.
 
The tourism industry is in urgent need of Government assistance to retain its workforce and recover as soon as the pandemic ends, Trần Thế Dũng, deputy director of Young Generation Travel, said.
 
Nguyễn Quốc Kỳ, general director of Vietravel, said the industry, which has been accounting for more than 10-11 per cent of the city’s economy for the last few years, needs a relief package from the Government.
 
It is now difficult for travel firms to get loans from banks since most of them have no assets to mortgage, he said.  
 
Nguyễn Thị Khánh, deputy head of the city Tourism Association, said the pandemic has crippled businesses and caused the loss of thousands of jobs.
 
Businesses find it difficult to access aid packages from the Government and banks, she said.
 
In the first quarter 90 per cent of more than 1,000 small and medium-sized travel businesses in the city suspended operations as the coronavirus brought tourism to a standstill.
 
Businesses in the city project losses of trillions of đồng in the second quarter. — VNS
 
Read original article here
Newer News
14/09 Construction steel sales projected to recover in year-end months
11/09 VN energy sector a magnet for foreign investors
05/09 HCM City maintains export growth in eight months
27/08 Import-export expected to drive credit growth
24/08 Việt Nam shrimp exports to South Korea to edge up: VASEP
19/08 Seafood exports increase after EVFTA comes into effect
18/08 Vietnam opposes Indonesia’s conclusions on anti-dumping investigation on steel sheets
14/08 Export set to hit 340 billion USD in 2025
07/08 Vietnamese consumers became the most avid savers globally
04/08 EVFTA expected to contribute to EU recovery after coronavirus crisis
Older News
18/04 FDI enterprises preparing for life after pandemic
15/04 Vietnam eyes GDP growth of 7 percent in next five years
12/04 Tea exports fall in Q1 due to COVID-19
08/04 Tra fish exports to US, China rise in March
05/04 Cement, clinker exports slump on COVID-19
05/04 Farmers, businesses struggle as pepper, cashew prices drop
02/04 FDI into HCM City in Q1 drops 33% year-on-year
30/03 Hanoi’s CPI rises 5.23 percent in Q1
29/03 MoLISA proposes $843m bailout package for businesses during COVID-19
26/03 Newly registered FDI rises by nearly 45 percent in Q1
 
Newsletter Signup
Top Stories
Reference exchange rate down 5 VND on September 15
Construction steel sales projected to recover in year-end months
HVN: Vietnam Airlines increases flights from/to Da Nang
Local ETFs draw foreign attention
Plastics industry shrugs off pandemic, interests stock investors
Market Update
Last updated at 3:10:06 PM
VN-INDEX 900.95 +6.91/+0.77%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.