The Covid-19 pandemic and its impact on Vietnam’s economy

The covid-19 pandemic has been a hot issue globally, the world is still trying hard to research to come up with a radical solution, but this has not been done yet. The pandemic has brought many consequences in many aspects, becoming a global problem when we do not anticipate what the next consequences will bring. As for the economy, due to the impact of the pandemic, many economic activities of countries around the world have been halted or reduced, and meanwhile, the need for spending on prevention and remedial work of the epidemic increased. This has resulted in some countries having budget deficits lasting for many years and falling into a serious economic and trade recession. Vietnam is also suffering the consequences of the pandemic as the number of infections is constantly increasing daily.