Thousands of retail businesses leave the market

by VTV413 April 2021 Last updated at 10:00 AM

VTV.vn - More than 8,700 businesses in the commercial sector have left the market in the past three months, an increase of nearly 25% over the same period last year, due to the impact of Covid-19 and the rapid development of e-commerce.

The decline in purchasing power and sales, the change in consumer behavior, the shortage of business capital, and the breakdown of the supply chain are the four major difficulties.

According to analysts, it's relatively easy for retail and wholesale investors to enter or withdraw from the market. Covid-19 has also forced nearly 1,500 enterprises in the field of employment services, tourism, machinery, and equipment rental, and other support services to leave the market.

This number is 1,600 in the consulting, design, and advertising sector, and 3,300 in the construction sector.

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