The Vietnam Railway Corporation (VNR) is facing losses of over VND600bn (USD26m) in 2020 because of Covid-19.

The HCM City Department of Tourism has estimated that the city’s tourism industry suffered losses worth close to $426.2 million in the first quarter of this year due to impacts of the COVID-19 pandemic.

Nineteen State-owned groups and corporations under the Commission for the Management of State Capital at Enterprises (CMSC) incurred losses worth around $160 million in the first quarter of this year due to the impacts of the COVID-19 pandemic.

Vietnam Airlines will lose some VND50trn (USD2.1bn) in revenues while 10,000 staff are without work due to the Covid-19 outbreak.

Local carriers had incurred total losses of over VND10 trillion as of February 10, Tuoi Tre reported, citing the head of the Civil Aviation Authority of Vietnam (CAAV) Dinh Viet Thang.

Tiki and Sendo may be in talks over a potential merger to break the dominance of Shopee and Lazada and their foreign backers.

Computer viruses caused estimated losses of VND20.9 trillion ($902 million) to Vietnamese users last year, much higher than the 14.9 trillion VND reported in 2018, reported Bkav Technology Group.

The area under sugarcane in the Cuu Long (Mekong) Delta has shrunk dramatically during the 2019-20 crop after many farmers switched to other crops following losses in recent years.

 VietNamNet Bridge – The owners of international economic groups are always the wise businessmen supported by experienced accountants, lawyers and strategist. Therefore, it is not easy to force them to admit their transfer pricing behavior.

 VietNamNet Bridge- The newly-issued decision by the Ministry of Transport announces the birth of a new corporation named SBIC and the officially deletion of the disreputable Vinashin group.

 VietNamNet Bridge – An old production line which had the actual value of $400,000, was declared as valued at $16 million.

 VietNamNet Bridge – The number of foreign invested enterprises (FIEs) reporting loss accounts for 50 percent of the total operational FIEs in Vietnam. A lot of the business owners have run away.

VietNamNet Bridge – A lot of merchants in Hanoi have shut down their kiosks and transferred the stalls at shopping malls to others because the business is not good enough to pay for retail premises rents.

The hailstorm occurring in the early morning of March 27, in the three districts of Bac Ha, Muong Khuong and Si Ma Cai in Lao Cai province damaged nearly 12,000 houses, causing losses of about VND70 billion or $3.5 million.

In the past five years, there were 1,868 people dead and missing in natural disasters in Vietnam. Meanwhile, the management of boats and fishermen at sea is limited, said Nguyen Xuan Dieu - Deputy Chief of the General Department of Irrigation.

After the Government Inspectorate announced the conclusion on inspection of land violations in Da Nang, which caused losses of more than VND3,400 billion ($160 million), the city leaders have confirmed to explain in writing to the Politburo.

VietNamNet Bridge – A report released at the meeting with the Prime Minister this morning, January 16 shows that the losses of state-owned groups and corporations in 2012 significantly improved when compared to 2011.