Travel firms have suffered great losses from thousands of recent tour cancellations due to a new outbreak of COVID-19, according to tourism associations.
The COVID-19 pandemic has severely dragged down revenues of the Vietnam Airlines Corporation (Vietnam Airlines) and the Airports Corporation of Vietnam (ACV) in the second quarter of this year.
Recent heavy rain, thunderstorms, tornadoes, and lighting in 10 northern provinces have caused an estimated economic loss of VND83.5 billion (over US$3.6 million).
Asanzo has ceased all operations after suffering losses of VND70 billion ($3 million) following allegations it was selling Chinese imports as Vietnamese products.
The Central Steering Committee on Natural Disaster Prevention and Control’s Office on August 6 reported that so far, Storm Wipha has claimed 10 lives and left 11 people missing, destroyed 91 houses and caused great property losses.
Each e-commerce platform needs to spend millions of US dollars to gain a single per cent of market share from competitors, showing just how serious the competition is.
The French supermarket group Auchan Retail has decided to sell 18 loss-making stores in Vietnam, said CEO Edgar Bonte.
VOV.VN - Credit growth was at a slower pace during the first quarter of this year, signaling the economy’s falling reliance on credit yet hampering the overall performance of commercial banks.
VOV.VN - A series of huge fires have broken out in southern province of Binh Duong in recent times, causing great damage to both local citizens and businesses.
Foreign fast food chains have been in Vietnam for more than 10 years and have annual revenue of trillions of dong. But many of them continuously take losses.
Losses caused by traffic accidents in Vietnam amount to VND50 trillion (over US$2.12 billion) each year, equivalent to 30% of budget spending on education, or 1. 5 million people going without income for the whole year.
VOV.VN - A large fire on September 17 caused devastating losses for residents living at De La Thanh Street as 19 houses caught fire and at least six were completely destroyed.
President Bounnhang Vorachit and Prime Minister Thongloun Sisoulith of Laos have sent messages of sympathy to Vietnamese President Tran Dai Quang and Prime Minister Nguyen Xuan Phuc over the huge losses in humans and property caused by typhoon Son Tinh in northern and central provinces.
Deputy Prime Minister and Foreign Minister Pham Binh Minh on July 18 sent his sympathies to Chinese State Counsellor and Foreign Minister Wang Yi over serious human and property losses caused by recent floods in the country.
Vietnamese Prime Minister Nguyen Xuan Phuc on July 8 sent a message of condolences to his Japanese counterpart, Shinzo Abe, over great losses in humans and property caused by the recent floods and landslides.
VOV.VN - Serious flooding affecting the northern province of Ha Giang in recent days has claimed five lives and destroyed many hectares of rice and subsidiary crops and projects with estimated losses of more than VND120 billion.
VOV.VN - Several fatally destructive fires have caused huge property damage and losses of life across the country over the week.
Ninh Van Bay Travel Real Estate JSC’s accumulated losses increased to VND480 billion ($21.1 million) due to the ineffective liquidation and transfer of two investment projects in 2017.
President Tran Dai Quang offered condolences to his German counterpart Joachim Gauck on December 21 over the heavy loss of human lives in the December 19 truck attack in Berlin.
Getting rid of a loss-making shipyard member unit is now the top priority of Vinalines, despite the huge potential losses.