Preventing a chain reaction of pandemic-related issues
14:44 | 24/05/2021
Micro, small, and medium-sized enterprises (MSMEs) make up over 90 per cent of businesses in Vietnam, as well as in economies across the world. They have been hard hit by COVID-19, and there is a crucial need to focus on recovery efforts.
Dr. Abel Alonso - Senior Program Manager for International Business RMIT University
While Vietnam fared better than other countries regarding painful and ruinous lockdowns due to the swift and effective approaches taken from a tripartite effort from the government, the recent increase in contagions continue to challenge businesses and the community. Businesses involved in tourism-hospitality, for instance, heavily depend on visitors/tourists and other forms of leisure-related patronage; these businesses are extremely vulnerable to the impacts of the crisis.