The State’s Role in Recovering and Developing the Private Sector in Vietnam in the COVID-19 Pandemic
Main Article Content
Abstract
The COVID-19 pandemic has strongly hit the Vietnamese economy, including the private sector. Based on the analysis of the pandemic-caused impacts on this particular sector, the article evaluates the policies that Vietnam did implement in response to the COVID-19 pandemic in 2020 and 2021. It is found that the Government had issued a number of policies to support businesses such as investment capital, financial costs, labor, and employment... but there are still certain limitations. The article, therefore, proposes some recommendations to effectively implement those policies in the coming time.
Keywords:
Policy, private sector, the COVID-19 pandemic, Vietnam.
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Dau Anh Tuan (2021). Reform of Tax Administrative Procedures, Customs to Support Businesses. Financial Journal, Issue 1.
Dinh Van Son et al. (2021). Vietnam Economic and Trade Annual Report 2020 - Investment and Growth in the Context of the COVID-19 Pandemic. Statistical Publishing House.
General Statistics Office (2019). Vietnam Labor Productivity Report. Hanoi.
Gu, X. et al. (2020). How do firms respond to COVID-19? First evidence from Suzhou, China. Emerging Markets Finance and Trade, 56(10), 2181-2197.
ILO (2020). Quick impact assessment of COVID-19 pandemic on the key economic sectors: Responses, adjustment and resilience of businesses and workers.
Khanh Linh (2021). How does the Covid-19 affect Vietnamese businesses?v
Malesky, E. J. (2020). “The Vietnam provincial competitiveness index 2020”,
Minh Huong (2021). Private economy - The driving force of Vietnam's economic growth.
National Oceanic and Atmospheric Administration (2020). “Climate Prediction Center’s Africa’s Hazards Outlook”, Washington, D.C.
Nguyen Hoang Nam (2021). Impact of the COVID-19 Pandemic on Economic Activities in Vietnam. In Vietnam’s Economy in 2020 and Outlook for 2021: Responding to and Overcoming the COVID-19 Pandemic, towards Recovery and Development. National Economics University Publishing House.
Pham Hong Chuong et al. (2021). Vietnam Annual Economic Review 2020 - Responding to and Overcoming the COVID-19 pandemic, towards Recovery and Development. National Economics University Publishing House.
State Bank of Vietnam (2020). Annual Report 2020. Information and Communication Publishing House.
Thai Duy (2022). In 2021, Vingroup’s profits greatly affected by the Covid-19 and Sponsorship and Charity.
The Prime Minister’s Private Economic Development Research Board (2020). Report Survey Results on the Impact of the COVID-19 on Production and Business Activities.
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World Bank Group (2020). Equitable Growth, Finance, and Institutions COVID-19 Notes Finance Series. COVID-19 Outbreak: Capital Market Implications and Response. Equitable Growth, Finance, and Institutions Group.