Impacts of COVID-19 on Firms in Vietnam, Report No. 2 : Results from the 2nd Round of COVID-19 Business Pulse Survey
Vietnam reacted early to the spread of COVID-19 by imposing social distancing measures and mobility restrictions. Firms are recovering on average with further reopening and lower revenue loss. Firms also reported lower incidence of reduced hours worked, reduced demand, and input disruptions. Howeve...
| Main Authors: | , |
|---|---|
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/515951607058686659/Impacts-of-COVID-19-on-Firms-in-Vietnam-Results-from-the-Second-Round-of-COVID-19-Business-Pulse-Survey http://hdl.handle.net/10986/34902 |
| Summary: | Vietnam reacted early to the spread of COVID-19 by imposing social distancing measures and mobility restrictions. Firms are recovering on average with further reopening and lower revenue loss. Firms also reported lower incidence of reduced hours worked, reduced demand, and input disruptions. However, the extent of sales drop is still extensive (-36% relative to last year) and net employment has not recovered, staying significantly below the January level. |
|---|