Mekong Delta firms see new orders down 80.7 percent due to COVID-19

08/07/2020, 14:59

BTO - The COVID-19 pandemic has seriously affected businesses in the Mekong Delta region, with the number of new orders down 80.7 percent year-on-year.The information was released on July 7 by Director of the Vietnam Chamber of Commerce and Industry (VCCI) – Can Tho chapter Nguyen Phuong Lam at its annual members’ gathering.

Tra fish processing for export in the Mekong Delta province of Ca Mau (Source: VNA)


Lam cited the organisation’s recent report as saying that the total revenue of regional businesses decreased by 77.8 percent, while the volume of purchased input materials dropped by 61.6 percent.

Regarding exports, only 4.6 percent of enterprises, mostly those operating in the production of medical equipment and supplies, saw increases in their orders, while 59.1 percent reported decreases.

Up to 47 percent of labourers have their jobs cut, and the figure is forecast to increase in the coming time, especially in the garment and footwear sectors, as there are no orders left.

Lam said that in the first half of 2020, the Mekong Delta’s GRDP rose by 2.08 percent – the lowest level in the past decade.

He added that 4,567 new enterprises were set up in this period, down 2.9 percent year-on-year./.

VNA


Related articles

(0) Comments
Focus
Binh Thuan won A prize at the Folk Cake Competition in 2024
BTO – Two traditional cakes of Binh Thuan province, named “Banh hon” and “Banh quai vac” have excellently won the A prize at the Southern Folk Cake Festival for the 11th time in 2024 in Can Tho city. The two above-mentioned cakes are processed by chef Mai Van Linh (from the Professional Chef Association of the province).
Do not miss
POWERED BY ONECMS - A PRODUCT OF NEKO
Mekong Delta firms see new orders down 80.7 percent due to COVID-19