Gdp

From January 1 – March 26, over 153,000 people filed claims for unemployment benefits.

In 2020, raising public investment disbursement is the only way to lessen the pain of economic growth.

A change in the epicenter of the pandemic from China to the US and Europe is causing greater impacts on Vietnam’s economy.

The city, however, strives to hit the 7.5% growth target.

If the pandemic is contained within the first half of 2020, Vietnam's growth should rebound to 6.8% in 2021 and remain strong over the medium and long-term, according to ADB.

The magnitude of the impact of the coronavirus outbreak will depend on the length of disruptions, which is hard to predict, Moody’s noted.

Over the medium term, Vietnam's growth is projected to rebound back to 7.5% in 2021 and converge at around 6.5%in 2022.

Despite growing difficulties from the Covid-19 pandemic, there remain opportunities for enterprises to thrive.

Vietnam continues to restructure the state budget and public debt management to ensure national financial security and sustainability .

Fitch Solutions has revised its forecast for Vietnam to record a fiscal deficit of 3.8% of GDP (excluding debt principal repayments) in 2020, versus 3.4% previously.