105 FDI enterprises in Hai Duong province have had to sporadically operate, reduce production, or temporarily shut down due to the impact of Covid-19.
To date, 105 enterprises with foreign direct investment (FDI) in Hai Duong province have had to sporadically operate, reduce production, or temporarily shut down due to the impact of Covid-19, according to the Department of Planning and Investment.
Of these, 20 businesses encountered difficulties in production materials, the rest faced difficulties in consumption markets, and two had to suspend operation because of capital and export difficulties.
More than 15,500 employees of the enterprises had to temporarily be off work.
Covid-19 has greatly affected FDI businesses in such fields as new investment opportunities and ability to expand production, business, labor, finance, consumption markets, export, and reserved materials.
Apart from revenue reduction, FDI businesses also have to pay salary subsidies to temporarily laid-off employees and pandemic prevention costs. In this period, it is very difficult for many FDI enterprises to cover loans and taxes.
The amount of FDI attracted to the province in the past eight months was only equal to 70% of the same period in 2019.