Production and business activities in Yen Bai province were resumed in early May after one month being suspended to implement social distancing measures.
Implementing urgent COVID-19 prevention and control measures, Yen Bai requested the temporary closure of restaurants and hotels, with some allowed to serve take-away customers. Therefore, revenues from accommodation, dining and tourism services were totalled at around 5.7 billion VND in April, down 90.68 percent month-on-month and 95.67 percent year-on-year.
In the first four months, the revenues reached 284.5 billion VND, a year-on-year decrease of 44.58 percent. Of the total, 19.7 billion VND came from accommodation services, 264.6 billion VND from dining, and 160 million VND from tourism services, down 39.25 percent, 44.91 percent and 69.19 percent, respectively.
Immediately after the Prime Minister's policy of easing the social distancing, the province allowed the reopening of several trade and services activities. Many restaurants, hotels, transportation businesses and travel agencies are determined to maintain disease prevention measures and boost economic recovery at the same time.
Tran Van Hai, owner of Sen Viet restaurant in Hong Ha ward of Yen Bai city, said that in the first four months, his restaurant earned no money. After social distancing was eased, the restaurant was allowed to reopen. On the occasion of the National Reunification Day (April 30) and Labour Day (May 1) holidays, the restaurant offered discounts to attract customers. In addition, the restaurant also promoted online marketing and has carried out disease prevention measures well.
Yen Bai bus station is currently managing more than 160 vehicles running inside and outside the province. At present, all buses have been put back into operation. The bus station has instructed bus owners to strictly require passengers to wear face masks or carry half the number of regular passengers per trip.
Over the past days, Yen Bai has taken measures to share and remove difficulties for businesses and business households. To tackle impacts of the COVID-19 pandemic, local authorities and authorised offices have quickly carried out support packages to help affected locals and businesses./.
More than 117,600 households in Yen Bai province were recognised as production and business role models between 2016 and 2018, including over 93,400 at the communal level and 24,000 others at the district level.
The World Bank (WB) has issued an update on Vietnam’s macro-economy for May, in which it said the economy may prosper again after social distancing measures were eased nationwide on April 23.
The People’s Committee of northern Yen Bai province has licenced 14 industrial projects with a combined registered capital of 552 billion VND (23.5 million USD) and 11 million USD, in Luc Yen district in the 2016 – 2020 period.
Standard Chartered Bank has forecast that the growth of Vietnam’s economy will slow down to 3.3% in 2020 due to the impacts of external challenges.