Mid-Autumn Market And Experiences Are Duller Than Other Years

Market Purchasing Power Is Severely Reduced

This year's Mid-Autumn Festival market is much quieter than in previous years. The purchasing power of the market has decreased significantly due to the impact of the Covid-19 epidemic. Many people have tightened their spending, and only buy essential items.

According to a survey by the Vietnam Association of Retailers, the purchasing power of the Mid-Autumn Festival market this year will decrease by about 30% compared to last year. The main reason for this decline is the impact of the Covid-19 epidemic. The epidemic has caused many people to lose their jobs or have their incomes reduced. As a result, they have to tighten their spending and only buy essential items.

Experiences Are Also Limited

In addition to the decline in purchasing power, the Mid-Autumn Festival experience this year is also more limited. Many traditional activities such as lion dances, lantern parades, and moonlit parties have been canceled or scaled down due to concerns about the spread of Covid-19.

The Mid-Autumn Festival is a time for families and friends to come together and celebrate. However, this year, many people will not be able to do so due to travel restrictions and social distancing measures. This will make the festival less enjoyable for many people.

Businesses Are Struggling

The decline in the Mid-Autumn Festival market is also having a negative impact on businesses. Many businesses that rely on the festival for sales are struggling to make ends meet. These businesses include toy stores, food stalls, and entertainment venues.

The Mid-Autumn Festival is a major economic event in Vietnam. The decline in the market will hurt businesses and the economy as a whole.