ex. Game, Music, Video, Photography

Covid-19 threatens to knock 0.41 pct off Vietnam GDP

Though hurting less than other Asian economies, the ongoing Covid-19 epidemic could slash Vietnam's GDP by 0.41 percent as reported by ADB.

Ngày đăng: 15 tháng 9, 2021
Cập nhật: 19 tháng 1, 2023
Lượt xem: 316076601
Nguồn: vnexpress

According to "The Economic Impact of the Covid-19 Outbreak on Developing Asia" recently published by the Asian Development Bank, Vietnam fared better than Singapore whose GDP growth forecast could drop 0.57 percent, Mongolia (0.74 percent), mainland China (0.76 percent), Hong Kong (0.85 percent), Thailand (1.11 percent ), and Cambodia (1.59  percent).

The report indicates the outbreak could cost Vietnam $675 million in the best-case scenario, $1.01 billion in the moderate-case, and $1.9 billion in the worse-case.

The report stated the outbreak hurts Asian developing economies in many ways. These include "a sharp but temporary decline in domestic consumption in outbreak-affected economies, and possibly investment if the outbreak affects views on future business activity; declines in tourism and business travel..."

ADB further noted that countries significantly affected are those with strong trade and production linkages with China.

With the outbreak development remains highly uncertain, ADB analysis suggests a global impact in the range of $77 billion in best-case scenario to $347 billion in worse-case scenario, or 0.1 percent to 0.4 percent of global GDP.

In a moderate scenario, globall losses could reach $156 billion or 0.2 percent of global GDP.

As of Tuesday, confirmed Covid-19 infection in Vietnam had risen to 33.

The Covid-19 outbreak has thus far spread to 115 countries and territories around the world, with the death toll climbing to more than 4,000.


Từ vựng liên quan

Tin tức liên quan

5 mountain passes that will leave you gobsmacked in Vietnam
travel 17/09/2021

5 mountain passes that will leave you gobsmacked in Vietnam

places | 322766594

Adventure is out there on these heady paths across Vietnam's highlands.

 Central Vietnam gears up for storm Kompasu
news 13/10/2021

Central Vietnam gears up for storm Kompasu

news | 345446605

People in the central region have brought boats ashore, reinforced sea embankments and secured fish ponds as storm Kompasu approaches.

Vietnamese passport remains weak in 2020 global power ranking
travel 20/09/2021

Vietnamese passport remains weak in 2020 global power ranking

places | 327896596

People holding a Vietnamese passport have free access to 54 economies, compared to 51 last year.

Former US first lady to visit Vietnam, back sustained education for girls
news 22/09/2021

Former US first lady to visit Vietnam, back sustained education for girls

news | 332566582

Former U.S. First Lady Michelle Obama said Friday she will visit Vietnam in December to promote the message of girls continuing their education.

Save Bui Chu Cathedral, from an atheist with love
perspectives 09/09/2021

Save Bui Chu Cathedral, from an atheist with love

perspectives | 262546602

An ensemble of Catholic churches of northern Vietnam is truly unique heritage, on a global scale.

Steel tycoon becomes Vietnam
business 17/09/2021

Steel tycoon becomes Vietnam's 2nd richest person as share price soars

companies | 322066595

Tran Dinh Long, chairman of steelmaker Hoa Phat Group, has overtaken Nguyen Thi Phuong Thao, CEO of Vietjet Air, to become the second richest person in Vietnam.

Trade ministry wants tough rules retained to manage car imports
business 26/09/2021

Trade ministry wants tough rules retained to manage car imports

industries | 339266592

The Ministry of Industry and Trade wants to retain a regulation imposing stringent conditions on car imports to support domestic production.

 Winter monsoon to hit northern Vietnam
news 23/10/2021

Winter monsoon to hit northern Vietnam

news | 348056604

The northeast monsoon would befall northern Vietnam before hitting north-central regions starting Thursday, bringing heavy rains and lowering temperatures.

Court postpones sentencing in Vietnam
news 16/09/2021

Court postpones sentencing in Vietnam's largest banking scandal, demands further probe

news | 316646583

There is currently not enough evidence to press charges in the $270 mln embezzlement case, according to the court.

Quick Covid tests proposed at Vietnam
news 17/01/2023

Quick Covid tests proposed at Vietnam's northern border amid concerns about subvariants

news | 449946578

Northern Lang Son Province will take test samples from people crossing the border from China into Vietnam if they have any symptoms such as fever, coughing or difficulty breathing.

Link Tài Trợ - Sponsored Links

Công Thức Vật Lý
Loading…