Vietnam’s economy continues to obtain high growth rate, but Covid-19 has upset all the key tasks and goals of the government and local authorities at different levels. The train slows down Socio-economic development indicators in the first quarter of the year were all below expectations. The GDP grew by 3.82 percent, a 10-year low. The GDP grew by 3.82 percent in Q1 Some business fields have suffered seriously from Covid-19, while tourism, passenger transport, especially air transport, accommodation and eatery services have become nearly paralyzed. Nguyen Dinh Cung, former director of the Central Institute of Economic Management (CIEM), predicted that the impact of the epidemic on the economy would be “even more serious” in the second quarter, while the social impacts would be “clearer” . Hundreds of thousands of businesses and business households may be dissolved or temporarily close, while most of the rest may have to scale down production and business. Millions of people may lose jobs or won’t have enough jobs, and income will decrease considerably. People’s lives would become more difficult and some may fall into poverty again. As a result, the socio-economic development goals set for 2020 will be be difficult to obtain. “The production, business… Read full this story
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