3

How does COVID 19

Pandemic affect GDP’s
components in
Vietnam?
 1. Overview about Covid 19
- pandemic:
COVID 19 stands for CoronaVirus Disease of 2019.

- Be identified in Wuhan, China.

- December, 2019.

- Caused by the virus severe acute respiratory syndrome.

- Can be spread from person-to-person.

- Total cases in 2020: more than 80,000,000.

2. The Gdp’s components:

01 Personal consumption 02 Business investment

03 Government spending 04 Net exports

 3. The effects of covid 19
pandemic on Vietnamese GDP’s
-Components:
Cause economic disruption.  

- However: GDP grew 2.91% 

(GDP GROWTH RATE IN THE PERIOD 2011-2020

Source: www.gso.gov.vn) 
Comsumption 4 components Investment
- Covid 19 caused the decrease in domestic
consumption.
Export
+ Decreased by 1.2% in the first 6 months. - Import capacity of the Vietnam
export market (US, EU,..) decreased.
+ Increased  by 6.2% in the last 6 months. 
=> Export capacity decreased. 
Government spending - The bright spot in the economic
- Increase. picture.

- Mostly spend on the solutions of - Maintain the growth (thanks to the

preventing the spread of Covid 19. policies).

+ Facilities. + 281,5 billion USD,

+ Vaccine.  + Grew 6,5% compared to 2019.

 What are the4 economic
policies that vietnamese
government has imposed
during the covid 19
pandemic to overcome the
bad situation?
1. Vietnam has implemented some
short-term monetary and
investment policies:

Domestic side External side

Reviewed the public Sought assistance from
investment program many multilateral agencies
2. The ministry of finance has drawn 5
important lessons:
 5 lessons
The economic structure
Improve the coordination of depends heavily on
macroeconomic policies. exports and FDI.
1 3
Enhance and develop the
financial and budget sector's
forecasting ability.
5

2 4
Increase fiscal policy space Strengthen financial cooperation
and ensure national and promote the diversification of
financial security. content, forms and international
cooperation partners.
 Suggest5what the
vietnamese government
shiuld consider to improve
gdp components and
overall well-being through
this hard time?
 Suggestions of government
policies
01 02 03

AIM SUGGESTION FURTHER

S RECOMMENDATIONS
Become a high-income Improving “Government’s support packs” Implementing “dual goals”
nation in 2045 policy for SMEs (Role, adjusting policy)
Enhancing financial activities

Adjusting education policy during

COVID: role of education, adjusting
Handling misinformation clips on
policy
the Internet