REPORT: Descriptive statistics the impact of the Covid-19 pandemic on firm production and business operations in Ho Chi Minh, Vietnam

 

The impact of the Covid-19 pandemic on firm production and business operations in Ho Chi Minh, Vietnam.

The outcomes showed that COVID-19 recession had left significant impacts on SMEs in CBD such as revenue and confidence losses, and labor problems, and it is a real deal obstacle for many SMEs to survive. Specifically, most SMEs in the main industries face to the thread from the impact of COVID-19 increase by the size of the enterprises Many SMEs possible bankruptcy crisis cause by the lack of experiments in cost management, backup plan, and cash flow management. In this research, the role of government to has some solutions to offer SMEs for further support policies is needed. To some extent, this part earns many remarkable feedbacks. Based on these findings of our research, both FDI and non-FDI cooperation face the same thread level and the Accommodation and Catering Services is on the highest point alert of all the times. The change in revenue in the first quarter 2020 compared to same period last year of SMEs in CBD is clear at many enterprises earn no revenue.

Keywords: Pandemic, COVID-19, small and medium enterprises, social and economic impact, recession.

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