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Coronavirus costs Danang tourism at least VND26 trillion

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DANANG – By the end of this year, the central beach city of Danang will be able to receive just 2.7 million visitors, down 68.6% against 2019, while the total revenue from the Danang tourism industry is estimated at more than VND10 trillion, down 65.1%.

Moreover, the municipal tourism industry will face a loss of VND26 trillion, according to the Tuoi Tre news site, which quoted the Danang City Department of Tourism.

The total number of employees in Danang who have lost jobs since the beginning of August is more than 31,000. Some 250 hotels and apartment buildings have also been put up for sale.

To help ease the situation, the Danang Tourism Association (DATA) made a number of recommendations to the city and the Government, including a 50% VAT (value-added tax) and 100% corporate income tax reduction at least until the end of 2020. It has also suggested discounting electricity and water prices for tourism businesses by the end of this year.

DATA urged the Government to adjust conditions to be able to better access the Government’s relief aid packages; meanwhile, the Vietnam National Administration of Tourism should reduce the deposits made by travel businesses, at least until the end of 2021, it said.

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