The impact of the COVID-19 epidemic is causing a plummeting revenue for many businesses and retail stores.
During this time, there are many shops that close or post signs of franchising.
In order to share difficulties with businesses, many commercial center developers are reducing rents and also affirmed that the time for support will also be flexible depending on the season of the epidemic.
Through surveys at some business streets in the districts of Hoan Kiem, Ba Dinh, Hai Ba Trung and Dong Da such as Luong Van Can, Hang Gai, Hang Bong, Hang Cot, Cha Ca, Hang Dieu, Quan Thanh, Pho Hue, Hang Bai ... show that many shops have had to close or hang signs to rent shops, to transfer because of the decline in customers and sluggish business.
Mr. Pham Van Tung, owner of a clothing store on Hue street, Hai Ba Trung district shared that due to the impact of COVID-19 epidemic, the business was severely affected, unable to sell goods.
While the store rent is up to more than 20 million VND / month, if the epidemic situation persists, he must return the store or rent it again because he can no longer continue his business.
Not only individual business households are in a loss, but there is a risk of empty-handedness due to COVID-19 epidemic, but businesses renting premises at shopping centers such as Vincom, AEON, Big C are also in a state of turmoil. . Compared to before the outbreak of COVID-19, the number of visitors to shopping centers and supermarkets decreased by 40-50%.
The number of visitors to the food and drink shops on the day is usually reduced by 20-30%, and by the weekends up to 50%. Sales at convenience stores and shopping centers are down 40%.
Customers seriously reduced sales of business units restaurant, eating ... also plummeted. Many businesses have had to call for help and petition the competent State agencies to apply measures to freeze debts, extend debts, delay tax payment, reduce loan interests, turn around interest rates ... to overcome the period. this difficulty.
Distributor of Giordano Vietnam fashion brand shared that, in 2019 in Hanoi, Giordano Vietnam fashion brand has opened 3 stores at Vincom Shopping Center Tran Duy Hung, AEON Long Bien, AEON Ha Dong but is currently injured. This store has only 1 store left at AEON Long Bien.
In the same situation, Deputy General Director of May 10 Than Duc Viet said that not only small retail shops, even large enterprises like May 10 Corporation with 250 business points across the country are also "buckling". themselves "with production and business expenses, including ground rent.
Facing this situation, Vincom Retail Joint Stock Company has just announced to spend 300 billion VND to support the discount of ground rent for partners who are renting premises of shopping centers across Vincom Retail system nationwide being affected. affected by COVID-19 epidemic. At the same time, building a promotion program to issue preferential and promotional vouchers for customers to shop at Vincom; thereby attracting visitors to the shopping center.
Information from the Vietnam Association of Retail Enterprises shows that Hung Thinh Group has also implemented a discount program of ground rentals of 20-40% on projects made by the group and its affiliates. The investor, the support period will also be flexible depending on the evolution of COVID-19.
Economic experts also said that the impact of the COVID-19 epidemic had a significant impact on all production and business activities of almost all industries, of which the service sector was most noticeable. Therefore, the commercial center investors' assistance in reducing rent rates is a practical action to support the unit to reduce losses, helping businesses to consume goods and overcome difficulties in the epidemic phase.
