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Coronavirus hurts German businesses in Vietnam
By Minh Tuan
Thursday,  Feb 13, 2020,11:48 (GMT+7)

Coronavirus hurts German businesses in Vietnam

By Minh Tuan

People wear face masks to protect themselves from the coronavirus - PHOTO: VNA

HCMC – Seventy-six percent of German companies operating in Vietnam said the spread of coronavirus has significantly affected their business activities, according to a survey by the Delegate of German Industry and Commerce in Vietnam (AHK Vietnam).

The survey was conducted by AHK Vietnam on February 10 to analyze the extent of the economic impact the epidemic has had on German businesses in Vietnam through collecting the feedback of 84 German companies and investors active in various fields. 

Fifty-five percent of the companies have already made preparations and taken preventive action in the face of the increasing risk of coronavirus infections.

Forty-seven percent of them have already banned all travel to China, while 38% have restricted business travel to the country.

Thirty-eight percent of the German companies have applied bans against incoming visitors from China, and 41% of them have restricted receiving other foreign visitors who have traveled to China recently. For foreign visitors who have not visited China recently, 52% of German companies still welcome their visits. Thirty-eight percent of them have restricted travel to countries affected by the virus.

Regarding the effectiveness of all steps taken by the Vietnamese Government to handle the virus in Vietnam, 44% of German companies thought they were timely and effective. Thirty-six percent of them confirmed that the measures had supported them to some extent.

German companies in Vietnam also offered comments, suggestions and solutions to AHK Vietnam and the Vietnamese Government. They said they would like to receive updated information, facts and figures on the effects of the coronavirus on the Vietnamese economy. Many of them expressed the expectation that the epidemic is being controlled in Vietnam.

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