• VIETNAM LEASING OFFICE AGENCY

[Assumptions] Scenarios of economic recovery in Vietnam after Covid-19

[Assumptions] Scenarios of economic recovery in Vietnam after Covid-19

Assuming the magnitude of the impact of the COVID-19 pandemic on Vietnam’s economic growth will depend on how long it is possible to control the disease, the degree of disruption to production, and the decrease in consumption demand of market. This pandemic will have the worst impact on services, industry and construction, with less severe impacts on agriculture, forestry, and fisheries.

There are three scenarios for Vietnam’s GDP growth in the coming quarters, When the disease is under control, it is assumed that:

  • The Best scenario: The pandemic will end in QII/20, and business activities will return to normal in QIII/20.

the best scenario economic-recovery after Covid-19

  • The Normal scenario: Pandemic will end in QIII/20., and business activities will return to normal in QIV/20.

the normal scenario economic-recovery after Covid-19

  • The Worst scenario: Pandemic will end in QIV/20., and business activities will return to normal in QI/21.
the worst scenario economic-recovery after Covid-19
Vietnam’s GDP growth in 3 scenarios:

gdp growth in 2020 in scenarious

Regarding the impact of the COVID-19 pandemic on industries, the COVID-19 disease estimate will severely disrupt business activities in industry and construction, and services, compared to other industries, at 5% in the first quarter, and 10% in the following quarters. The epidemic will also have a negative impact on agriculture, forestry, and fisheries, but to a less serious extent, the reduction could be 2% in Q1 and 5% in subsequent quarters.
It is assumed that the government will support affected businesses after the epidemic ends, with an estimated support level of 5%.

These assumptions are for reference only
and cannot be used to prove
or commit for actual reporting and development

Source: KIS

For Foreign companies want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find an suitable Office For Lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/

img

LOOKOFFICE

    Related posts

    Weekly Vietnam Economy News (06 – 12/07, 2020)

    Nationwide retail sales, service sales increased in June Total retail sales and retail...

    Continue reading
    by LOOKOFFICE

    How to invest in Vietnam – LAND ISSUES

    1. Land Management Regime All land in Vietnam is owned by the people and managed by the State....

    Continue reading
    by LOOKOFFICE

    Nigerian businesses have a need to import personal protective equipment

    The company "Milary Nigeria Ltd", needs to import personal protective equipment, need to Import...

    Continue reading
    by LOOKOFFICE

    Join The Discussion

    error: