The Fiscal impact

and policy
response to
Covid-19 in
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Vietnam
MEMBERS
Nhu Tuan

Thu Ngan Minh Nghiem

Thao Ngan

Cao Thien Duy Bach

 Table of Contents

Description of Data
01 02
Event Collection

03 Data Analysis 04 Conclusion

 Description of
Event
The presentation focus on current fiscal policy in some countries in
the world in the past time, then to propose some implications for the
application of this policy in Vietnam.
 Description of Event
56200 Employment rate of Vietnam 2.5

56000
2

55800

1.5
55600

55400
1

55200

0.5
55000

54800 0
Forth quater of 2019 First quater of 2020
Employees Underemployees

According to data from the Ministry of Labour, Invalids and Social Affairs,
 Description of Event
The status of newly established enterprise in the first 4 months of 2019 - 2020
500 600000000000

450
500000000000
400

350
400000000000
300

250 300000000000

200
200000000000
150

100
100000000000
50

0 0
First 4 months of 2019 First 4 months of 2020

Newly registered enterprise Number of employees Total registered capital

According to the General Statistics Office in 2020

 Description of Event

=> This may lead to further consequences on social security

and social inequality if the intervention policy is not
promptly adjusted for effectiveness.
 Data
Collecti
on
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 Schedule
Task Jan Feb Mar Apr May
01

02

03

04

05

06
 03
Data
Analysis
= + + + .
 Data Analysis

(C) Consumption decreased (due to not gathering,

avoiding eating)

(I) Investment decreased (due to the absence of

customers, not reducing investment in business
expansion)
 Data Analysis

Data Analysis Vietnam’s GDP growth

 To ensure that the economy overcomes difficulties, another
factor in the GDP calculation formula must be promoted. =>
Based on Government Spending => Lower taxes and spend
more => expansionary fiscal policy.
Data Analysis

Expansionary Fiscal policy

 Data Analysis

Government +1,000k +1.000k

Economy +1.000k +700k +500k +300k +2.500k
Data Analysis
CONCLUSION
 Stabilizing
the
Methodology
macroecono
my
Cut down difficulties for businesses, 01 Promote
and attracting new investment. economic
02 restructuring
Improve transport and
irrigation infrastructure
Invest in
agriculture
Expand and improve the
03 Improving the
social security and
prestige and
society. 04 credibility
The socio-economic
situation is changing
positively
 References
● http://m.hanoitimes.vn/fitch-solutions-revises-down-vietnam-fiscal-deficit-to-36-of-gdp-314625.html?fbclid=Iw
AR1d31-Flj6-2WgxKyhEOkBX31ZjVm4SCyNMc6DRF57FGbbgt3L2IAMmXf4
● https://m.baochinhphu.vn/story.aspx?did=417346&fbclid=IwAR1TQgiBtLox7b2UQpARt_4OQAfg-qP7-pAKO
SJcX5fiRZHrFqSFeq_TRcQ
● https://dangcongsan.vn/xa-hoi/tac-dong-kinh-te-xa-hoi-cua-dai-dich-covid-19-tai-viet-nam-569640.html
● https://thebank.vn/blog/19021-chinh-sach-tai-khoa-la-gi-vai-tro-cua-chinh-sach-tai-khoa-trong-kinh-te-vi-mo.ht
ml
● https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#V
● https://tapchitaichinh.vn/su-kien-noi-bat/chinh-sach-tai-khoatien-te-ung-pho-voi-dich-covid19-kinh-nghiem-quo
c-te-va-ham-y-chinh-sach-cho-viet-nam-330485.html
● https://thitruongtaichinhtiente-vn.cdn.ampproject.org/v/s/thitruongtaichinhtiente.vn/amp/chinh-sach-tien-te-va-ta
i-khoa-tai-mot-so-quoc-gia-trong-thoi-ky-dich-covid-19-28994.

● https://openknowledge.worldbank.org/handle/10986/35424
● https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19
● https://khoahocdoisong.vn/kinh-te-viet-nam-tang-truong-4-48-trong-quy-4-2020-160249.html
● https://www.investopedia.com/terms/f/fiscalpolicy.asp
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