Trade plummets at HCM City’s wholesale markets after second COVID-19 outbreak

September 10, 2020 - 08:19

Wholesale markets in HCM City are facing a serious crisis due to the second COVID-19 outbreak. 

HCM City's Bến Thành Market, one of the city’s oldest markets, is seeing only dozens of visitors on weekends due to the second COVID-19 outbreak. VNA/VNS Photo Anh Thư

Thu Anh 

HCM CITY — Wholesale markets in HCM City are facing a serious crisis due to the second COVID-19 outbreak. 

District 1’s Bến Thành Market, one of the city’s oldest markets, is seeing only dozens of visitors on weekends while the previous number was several thousands.

Most of the 3,000 stalls, offering food, garments, footwear and handcrafts, have closed.

Shops selling Vietnamese handicrafts and food like fried seafood, favoured by both foreign and local visitors, have been closed since March. 

“The impacts of the COVID-19 pandemic on my business have started since mid February,” said Nguyễn Ngọc Anh, a handicrafts shopkeeper at Bến Thành Market. 

“I stopped operations to cut losses.” 

Anh’s shop offers Vietnamese handicraft products from just VNĐ22,000 (US$1) to over VNĐ1 million ($45) per item. Her customers, particularly Japanese and South Korean, like Vietnamese handicrafts because they are traditional and the price is reasonable.

Her shop used to attract 120 customers daily. 

Trần Minh Trung, owner of a shop selling vegetables and fruits, is luckier than Anh. His shop opens only in the morning and attracts around 20 customers. Consequently, his revenue has fallen 80 per cent.

“My shop used to open daily, from 5am to 5pm, and attracted 150 customers, not including dealers from rural districts. But now, everything is different. However, my business has survived,” said Trung, who has done his household business for 15 years at the market.  

Bến Thành market began when street vendors gathered near the Bến Nghé River in the early 17th century. It was established by the French colonialists after they took over the Gia Định Citadel under the Nguyễn Dynasty in 1859.  

In 1912, the market was moved to a new building more than 13,000sq.m of land located on what are now the streets of Phan Bội Châu, Phan Chu Trinh and Lê Thánh Tôn. 

At the Bến Thành market, customers are free to bargain, but many vendors offer fixed prices.   

The market normally attracts more than 7,000 Vietnamese and foreign visitors a day during the Christmas and New Year holidays. 

According to Anh, Bến Thành’s stalls begin preparing for the Christmas and New Year holidays in October and for Tết (Lunar New Year) in December.

“We now have no hope for our business in the future,” she said. 

A similar situation has been reported in other wholesale markets in HCM City, including An Đông in District 5, Bình Tây in District 6 and Soái Kình Lâm in the Chợ Lớn (Big Market) in District 5. 

Stall owners used to hire at least three salespeople, but they now have had to let staff leave because they cannot afford to pay them. Many of them have had to shut their shops due to a lack of customers.  

“It’s common to see ‘Shop closed’ at Bình Tây Market these days,” said Lâm Phú, a Chinese-Vietnamese shop owner. 

Phú’s shop offers vàng mã (votive paper), paper items burned during the Buddhist Vu Lan festival and Tết to wish departed loved ones or forsaken spirits a happy and lucky life. 

“I used to receive several hundred customers daily during the Vu Lan festival on the 15th of the seventh lunar month. This year, I served just around 20 people daily and my revenue has fallen 90 per cent,” said Phú. 

“Many of my customers, who go to the market daily, told me that they have not been to the market for the last two months. They use delivery services offered by supermarkets and stores instead.” 

“As the COVID-19 pandemic has impacted all aspects of life, people have changed their daily habits.”

The 90-year-old Bình Tây Market has 1,500 shops selling a variety of quality goods, including art objects, souvenirs, clothes and traditional Vietnamese dried foodstuff and medicinal herbs.  

“We will face challenges in the last three months of the year if the pandemic continues to be serious,” said Phú. — VNS