Business is sluggish, small traders in the busiest area of Vinh City are rushing to return their premises.
QA•March 24, 2024 10:25
(Baonghean.vn) - In Vinh City, Nguyen Van Cu Street has long been the busiest business street, however, currently a series of stores on this street are in a state of sluggish sales, forced to sell off goods and return the premises.
Clip: QASince the Lunar New Year, Nguyen Van Cu Street - the busiest business area in Vinh City - has been deserted and deserted. Many shops have closed and stopped operating. Photo: QAIt is known that the rental price of business premises on Nguyen Van Cu Street is also among the highest in Vinh City. The rental price ranges from 10 - 50 million VND/month, depending on the location and area of the kiosk, usually with a minimum rental contract of 6 months. This is a price that tenants can hardly access in the current difficult business times. Photo: QANguyen Van Cu Street will be upgraded and renovated at the end of 2023. Many people hope that this street will be bustling with shoppers, but currently, most of the stores are deserted and devoid of buyers. Photo: QAWith high rents and a gloomy business situation, many people are forced to return their premises. Ms. Thu Hoai, owner of a clothing shop on Nguyen Van Cu Street, said: Not only the rent, but we also have to spend a lot of money on capital for goods, staff, electricity and water... We really cannot survive because there are very few customers, returning the premises is a must to reduce losses. Photo: QAMany kiosks have rental notices posted with contact phone numbers, however the number of people paying to rent premises on Nguyen Van Cu Street is currently very small. Photo: QAThe owner of a clothing shop on Nguyen Van Cu Street cleared out all of his goods to return the premises in mid-March. This is a shop with an area of about 30 square meters, rented for 10 million VND/month, although it is the lowest price on this street, but the owner had to stop doing business. Photo: QACurrently, the economy is in a difficult period, people's income has decreased, leading to a decrease in purchasing power of goods. In addition, the boom of online business has made traditional business methods less and less attractive. Many people pay for premises but continue to do online business at home, saving a lot of costs. Photo: QASome stores on Nguyen Van Cu Street, although they have not yet returned their premises, have put up signs to sell off their products to attract customers. Photo: QAThe trend of online shopping is currently chosen by many people. Online goods are extremely abundant, very cheap, can be exchanged or returned, home delivery, while some kiosks have high prices, poor service, inconvenient parking, and time-consuming. Therefore, traditional stalls are expected to become more and more deserted if they do not find ways to change and adapt. Photo: QASome stores have redecorated their kiosks to make them more eye-catching and create highlights in the hope of attracting customers. Photo: QAAfter being renovated and upgraded, Nguyen Van Cu Street has taken on a new look. However, the business situation of the people still does not show many positive signs. Photo: Quang An
