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You are here: Home / The US business community in Vietnam concerned on impact of corona virus

The US business community in Vietnam concerned on impact of corona virus

· March 4, 2020 ·

 About 80 per cent of responding members are very concerned about the economic impact of the novel coronavirus, according to a survey conducted by the American Chamber of Commerce in Ha Noi (AmCham). A quarantine zone in northern Hai Phong City. Almost all survey respondents in AmCham survey support the Government’s efforts in fighting the COVID019. The survey, which was released on Tuesday, focused on quantitative issues such as the coronavirus’ expected impact on corporate revenues and Vietnamese GDP, as well as workplace issues such as travel and work from home policies. The survey took place before the latest restrictions on business activity and movement. “The ongoing coronavirus outbreak is causing anxiety and uncertainty for both people and businesses in Viet Nam. AmCham members are primarily concerned with ensuring the safety of employees, supply chain disruptions, and coping with the sharp drop in consumer and customer demand,” said AmCham Executive Director Adam Sitkoff. The survey showed that one-half of respondents are delaying the hiring of new employees. Meanwhile, manufacturing companies continue to face challenges from reduced order demand, logistics, and cash flow management. “Our members express their support and appreciation for the Government’s efforts to keep people safe and healthy… Read full this story

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