1 Faculty of Business Management, Hanoi University of Industry, No 298 Cau Dien Street, Minh Khai Ward, Bac Tu Liem District, Hanoi City, Vietnam.
2 Faculty of Economics, National Economics University, No 207 Giai Phong Road, Hai Ba Trung District, Hanoi, Vietnam
Review Article
World Journal of Advanced Research and Reviews, 2021, 10(03), 229-232
Article DOI: 10.30574/wjarr.2021.10.3.0266
Received on 01 May 2021; revised on 08 June 2021; accepted on 11 June 2021
This study reviews the effects of the COVID-19 outbreak on the development of Vietnam’s economy and the change of the Vietnam government’s policies to adapt to critical challenges. The COVID-19 pandemic seriously has been impacting all economies around the world including Vietnam. To bring the pandemic under control, Vietnam performed the same strategies that had been successful in ending earlier outbreaks: targeted lockdowns, travel bans, business closures, mass quarantines, and widespread testing. However, the Vietnam government has also flexibly taken decisive steps to reduce both the health and economic fallout. Vietnamese economy increased by nearly 3% in 2020, ranked one of the fastest-growing economies in the world, backed by the early rebound of domestic activities and robust export performance thanks to their drastic and appropriate actions.
COVID-19 pandemic; Vaccination; Economic growth rate; Global economic shock; Economic activity; General policy
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Nguyen Thi Van Anh and Dang Thi Hoa. Vietnam economic outlook during the COVID-19 pandemic: A review. World Journal of Advanced Research and Reviews, 2021, 10(3), 229-232. Article DOI: https://doi.org/10.30574/wjarr.2021.10.3.0266