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32 16 lượt tải Tải xuống
Chia sẻ Báo cáo tài liệu

Môn: Marketing (MAR2023)

Trường: Trường Cao đẳng Thực hành FPT

Thông tin:

15 trang 6 tháng trước

Tác giả:

Profile Huyền Hoàng
P
ASSIGNMENT 1 FRONT SHEET
Qualification
BTEC Level 5 HND Diploma in Business
Unit number and title
Academic Writting
Submission date : 09- 02-2023
Date Received 1st submission
Re-submission Date
Date Received 2nd submission
Student Name : PHAM THI NGOC
HUYEN
Student ID : BH 01109
Class: BA 0602
Assessor name: HOANG VAN
DUNG
Student declaration
I certify that the assignment submission is entirely my own work and I fully understand the
consequences of plagiarism. I understand that making a false declaration is a form of
malpractice.
Student’s signature
Huyen
Grading grid
1
Summative Feedback:
Resubmission
Feedback:
Grade:
Assessor Signature:
Date:
Internal Verifier’s Comments:
Signature & Date:
2
Contents
I.
INTRODUCTION ........................................................................................................................................... 4
II.
IMPACT OF COVID 19 ON THE WORLD'S ECONOMIC SITUATION IN GENERAL AND VIETNAM IN
PARTICULAR .................................................................................................................................................. 4
1.
WORLD ECONOMIC SITUATION IN THE PERIOD OF COVID 19............................................................ 4
2.
VIETNAM ECONOMIC SITUATION IN THE PERIOD OF COVID 19 ........................................................ 6
III.
SUGGESTION ........................................................................................................................................... 12
IV.
CONCLUSION .......................................................................................................................................... 14
V.
Reference ................................................................................................................................................. 14
3
I.
INTRODUCTION
An epidemic of acute respiratory infections caused by a new strain of Corona virus (Covid−19)
appeared in December 2019 and on January 31, 2020, the World Health Organization (WHO)
declared a health status. global emergency. The outbreak is difficult and unpredictable.
In general, the epidemic has affected the world, disrupting supply chains for many products and
commodities around the world, and stagnating in production and business; temporary drop in
China's demand for goods and services, impacting global growth.
Vietnam
has
a
relatively
large
economic
opening
and
is
geographically
located
near
China,
so
the
epidemic will globally affect all socio−economic fields of Vietnam and popular psychology. In
which,
the
world
economy
in
general
and
the
Vietnamese
economy
in
particular
have
had
serious
effects to have a look at the impact of covid 19, so I chose the topic " Assess the impact of COVID-
19 on Viet Nam's economic situation ".
II.
IMPACT OF COVID 19 ON THE WORLD'S ECONOMIC SITUATION IN GENERAL AND VIETNAM
IN PARTICULAR
1.
WORLD ECONOMIC SITUATION IN THE PERIOD OF COVID 19
4
98
96
94
92
90
88
86
84
82
80
78
2018
2019
2020
2021
Figure 1: World GDP situation from 2018 to 2021
Unit: trillion USD
Source: Worldbank
First, is the impact on the world economy The COVID−19 pandemic broke out in the context of a
strong globalization process, so the spread was very fast and difficult to control. The economic
consequences
that
the
pandemic
has
left
globally
are
very
heavy.
Global
GDP
is
estimated
to
be
around
US$84.54
trillion
in
2020
– meaning
a
4.5%
decline
in
economic
growth
resulting
in
a
loss
of
economic
output
of
nearly
$2.96
trillion.
In
2021,
global
economic
growth
is
slowing
somewhat
but remains weak.
According to a report by the International Labor Organization (ILO), in the first four months of
the year alone, up to 81% of the global workforce (about 3.3 billion people) was affected by
workplace closures. part or all. In the second quarter of 2020, the number of hours worked
worldwide fell by 6.7%, representing 195 million full−time workers. In the first six months of the
year
alone,
global
GDP
fell
by
15.6
percent,
four
times
as
much
as
in
2008,
the
time
of
the
global
financial
crisis.
Aviation
is
probably
the
industry
most
impacted
by
COVID−19,
with
heavy
losses
and layoffs becoming a "nightmare" for the global aviation industry. The International Air
5
Transport Association (IATA) calls 2020 the world's worst year for the aviation industry as full−
year passenger traffic is estimated to be down 66% compared to 2019, revenue is down more
than 60%.
In
2020,
for
the
first
time,
dozens
of
economies
simultaneously
fell
into
recession
due
to
COVID−
19. USA, UK, Spain, Portugal, France, Germany, Italy, Australia, Brazil, Canada, Japan, Korea,
Indonesia,
Singapore,
Philippines,
Thailand,
Indonesia...,
the
names
are
still
stretching.
Countries
also
simultaneously
launched
stimulus
packages
with
many
monetary
measures
and
emergency
loans to rescue the economy. The total value of support programmes from the United States or
Japan is even 20 % of GDP.
2.
VIETNAM ECONOMIC SITUATION IN THE PERIOD OF COVID 19
In such a gray general picture, Vietnam emerges as a "rare bright spot" when the economy
achieved
a
growth
rate
of
2.12%
from
January
to
September
2020,
causing
most
organizations
to
assess optimistic about GDP growth for the whole year.
Numbers
about
the
economic
impact
of
COVID−19
in
VietNam
6
380
370
360
350
340
330
320
310
300
290
280
2018
2019
2020
2021
Figure 2: VIETNAM GDP situation from 2018 to 2021
Unit: billion USD
Source: Worldbank
GDP
growth
rate
remained
positive,
but
there
was
a
significant
decrease
With drastic and effective solutions in realizing the dual goal of "epidemic prevention and socio−
economic
development",
Vietnam's
economy
still
achieved
positive
results
with
maintaining
GDP
growth.
year
2021,
but
reached
the
lowest
level
in
the
period
2011
−
2021.
GDP
in
2021
is
estimated
to
increase
by
2.58%
compared
to
the
previous
year
because
the
Covid−
19 epidemic has seriously affected all sectors of the economy. In particular, the fourth outbreak
of
the
epidemic,
starting
from
April
27,
2021,
has
seriously
affected
all
aspects
of
socio−economic
life, production and business activities of businesses and people in most areas. most provinces
and
cities,
especially
in
big
provinces
and
cities
such
as
Ho
Chi
Minh
City,
Hanoi,
Bac
Giang,
Bac
Ninh, Binh Duong, Dong Nai ..., where densely populated, industrial parks , export processing
7
zones and large enterprises in the global value chain, greatly contributing to economic
development and budget revenue.
GDP in the third quarter of 2021 decreased by 6.17% compared to the same period in 2020, in
which, except for the agriculture, forestry and fishery sector, which achieved a positive growth
of
1.04%
but
still
very
low
in
the
past
10
years
(only
higher
than
growth
rate
of
0.97%
in
9
months
of 2016).
According
to
the
Report
on
the
Impact
of
COVID−19
on
the
Economy
of
the
National
Economics
University, in the first two months of the year 2020, 16,151 enterprises temporarily suspended
their activities, 19.5% more than in the same period. 2,807 enterprises completed dissolution
procedures. This is the first month many companies have registered the impacts of the COVID−
19 outbreak. The production scale of enterprises also shrunk. As of March 20, 2020, more than
15% of enterprises had to reduce production scale (February 2020 was 10%). Statistics in
February 2020 showed that the number of unemployed people applying for unemployment
insurance
was
over
47,000
people,
an
increase
of
60%
compared
to
January
2020
and
an
increase
of 70% compared to the same period last year (nearly 28,000 people).
About 65.5% of enterprises cut operating costs regularly; 35.3% of enterprises had to cut labor;
34.0% had to cut wages of workers and 34.5% of enterprises had to give workers unpaid leave;
44.7% enterprises cut production and business scale; 34.7% of enterprises chose to suspend
production and business activities to wait for difficult times and 15.1% of enterprises changed
their production and business forms to suit the new context.(3)
* Impact of the Covid-19 epidemic on labor and employment situation
Efforts should be made to implement production, business and social life activities, soon
overcome difficulties and challenges, and take advantage of opportunities to accelerate the
country's
socio−economic
recovery
and
development.
has
had
a
marked
effect
on
the
Vietnamese
labor
market.
The
number
of
workers
negatively
affected
by
the
Covid−19
pandemic
has
sharply
decreased.
8
In the first quarter of 2022, although the whole country still had more than 16.9 million people
aged 15 years and older who were negatively affected by the Covid−19 pandemic, this number
decreased sharply compared to the previous quarter (down 7.8 million people). million people).
This is the sharpest decline recorded since the country witnessed the outbreak of the Covid−19
pandemic.
Out of a total of more than 16.9 million people negatively impacted by the pandemic, 0.9 million
people lost their jobs, accounting for 1.2%; 5.1 million people had to temporarily stop/suspend
production and business, accounting for 6.7%; 5.7 million people had their working hours cut or
forced to take time off work, or rotated leave, accounting for 7.6%, and 13.7 million workers had
their
income
reduced,
accounting
for
18.3%.
The
Red
River
Delta
and
the
Southeast
are
still
the
two regions with a higher proportion of affected workers than other regions. The number of
workers in these two regions who said their jobs were affected by the pandemic accounted for
25.7%
and
23.9%,
respectively;
significantly
higher
than
this
figure
in
the
Northern
Midlands
and
Mountains and the Central Highlands, at 18.8% and 14.4%, respectively. Urban areas are still
areas with more workers suffering than rural areas. 25.8% of workers in urban areas are
negatively affected, while this rate in rural areas is 20.5%. The majority of people whose jobs
have been adversely affected by the Covid−19 pandemic in the past time are quite young, from
25 to 54 years old, accounting for 73.8%.
9
18
16
14
12
10
8
6
4
2
0
business
cut working hours
4th quarter of 2021
1st quarter of 2022
Figure 3: Number of people aged 15 years and over being negatively affected by the covid 19
pandemic in the fourth quarter of 2021 and the first quarter of 2022
Unit: million people
In the first quarter of 2022, the workforce continued to recover even as the number of Covid−19
infections in the country continued to increase.
The
labor
force
aged
15
and
over
in
the
first
quarter
of
2022
was
51.2
million
people,
an
increase
of more than 0.4 million people compared to the previous quarter and an increase of 0.2 million
people
compared
to
the
same
period
last
year.
Compared
to
the
previous
quarter,
the
labor
force
in
both
rural
and
urban
areas
increased
by
about
0.2
million,
the
male
labor
force
increased
more
than the female labor force (0.3 million employees of the State). men compared to nearly 0.2
million female workers).
10
The
labor
force
participation
rate
in
the
first
quarter
of
2022
was
68.1%,
up
0.4
percentage
points
from the previous quarter. The Southeast is the region with the strongest increase, with 2.1
percentage points; followed by the Mekong Delta; with 0.9 percentage points.
Figure 4:Laborers have jobs by quarter, stage 2020-2021
Unit: million people
Although the number of people aged 15 having a job in the first quarter of 2022 is still lower than
the same period in 2020, when the Covid−19 pandemic just started appearing, it has increased
sharply compared to the previous quarter and the same period last year. . The labor market is
gradually making remarkable improvements.
In the first quarter of 2022, the number of employed people aged 15 and over was 50.0 million
people,
an
increase
of
nearly
1
million
people
compared
to
the
previous
quarter
and
an
increase
of 132.2 thousand people over the same period last year.
Of the six socio−economic regions, the Southeast, the Mekong River Delta, and the Central
Highlands are the three regions with the most prosperity. The number of employed workers in
the Southeast region is nearly 10.1 million people, an increase of 710.7 thousand people
compared to the previous quarter and an increase of 28.6 thousand people compared to the
11
same
period
last
year;
the
Mekong
River
Delta
region
with
9.2
million
employees,
an
increase
of
369.8
thousand
people
compared
to
the
previous
quarter
and
an
increase
of
9.2
thousand
people
compared to the same period last year; Central Highlands with nearly 3.6 million employees, an
increase of 94.1 thousand people compared to the previous quarter and an increase of 203.3
thousand people compared to the same period last year.
III.
SUGGESTION
In the coming time, in order to effectively implement the dual goals of disease prevention,
recovery
and
socio−economic
development,
in
addition
to
continuing
to
promote
the
vaccination
campaign for the entire population, it is necessary to well organize the implementation of the
following key solutions for economic development:
First, continue to examine, refine and improve the feasibility of legal literature. Improve the
efficiency of the inspection and review of legal documents to detect conflicting, overlapping and
inadequate contents that are no longer consistent with reality, thereby expeditiously handling
them according to their competence or propose competent agencies to handle according to the
provisions of law, meet the requirements of clearing bottlenecks, support and promote
investment,
production
and
business
activities;
Continue
to
cut
and
simplify
business
conditions,
administrative
procedures,
unnecessary
and
unreasonable
regulations,
hindering
production
and
business activities of organizations and individuals.
Second, improving the business environment supports economic recovery and enhances
resilience following the COVID−19 pandemic. A business−friendly environment is important for
the long−term resiliency of the economy and for a quick recovery from the crisis. During the
current
COVID−19
pandemic,
it
is
important
to
create
a
healthy
business
environment
to
ensure
economic
recovery
and
restore
investor
confidence.
Over
the
medium
to
long
term,
the
business
community will influence how businesses face the pandemic and how they take advantage of
opportunities
as
they
begin
the
recovery
process.
Therefore,
where
there
is
effective,
predictable
regulation, creating a fair business environment that promotes competition; If there is an
institution that guarantees asset protection and contractual rights, it is easier to start a business,
adapt to new regulations, and quickly shift business activities to meet the new needs of
12
customers. market. The quality of the business environment is also important for foreign
investment and connecting national companies to global supply chains
Third, be proactive and flexible in managing and operating budget revenue and expenditures.
There
is
a
need
to
regularly
review
budgetary
revenues,
particularly
taxes,
duties,
mining,
current
royalties and land−use royalties for unpaid projects. Thoroughly implement savings in recurrent
expenditures to prioritize spending sources for development investment, saving administrative
expenses,
meetings,
business
trips;
at
the
same
time,
ensure
resources
for
epidemic
prevention
and control and increase spending on social security.
Fourth, accelerate the completion of investment procedures, the implementation and release of
public investment capital. The synchronized implementation of measures aimed at accelerating
the disbursement of public equity capital is the most important measure for promoting economic
growth, in particular key projects and new construction projects.
Fifth, spend more on social security and employment support for workers. It is necessary to
review and have appropriate support policies for people in difficult circumstances due to the
impact of the epidemic, especially to strengthen direct support for vulnerable groups such as
informal workers and the unemployed. Karma; Support for housing rental costs for employees
working
in
enterprises
in
economic
zones,
industrial
parks
and
export
processing
zones;
Providing
preferential loans to employees through the Bank for Social Policies;... Implementation of
support should be more flexible to ensure that support funds are transferred to target audiences
in a timely and timely manner. enjoy. Besides, it is also necessary to have policies to support
training and retraining of employees.
Sixth, support for the recovery of the production and commercial activities of enterprises,
cooperatives and households of enterprises. Support the recovery of production and business
activities of enterprises (especially small and micro enterprises), cooperatives, and business
households by continuing to implement tax exemption, tax reduction and family tax policies. tax
deadlines,
fees,
charges,
debt
restructuring
policies;
Manage
appropriate
credit
growth,
continue
to restructure debt, keep the debt group unchanged.
13
IV.
CONCLUSION
In
the
above
research
article,
I
have
studied
the
effects
of
covid
19
on
the
world
economy
and
on
the Vietnamese economy. I assessed the effects of covid 19 on GDP, on businesses and on
workers. Above are assessments of the impact of covid 19, and some suggestions for the state
and businesses to develop in the post−covid era.Because in order to have the most general
overview of the effects of covid 19 and propose some solutions to overcome the post−covid
economy, I chose the topic "Evaluating the impact of covid19 on the Vietnamese economy".
V.
Reference
[1]
:
Anon (2022) Đánh giá tác động
của
dịch
Covid−19 đến
kinh
tế thế giới
và
Việt
Nam,
Đánh
giá
tác động của dịch Covid−19 đến kinh tế thế giới và Việt Nam, [online] Available at:
https://mof.gov.vn/webcenter/portal/vclvcstc/pages_r/l/chi−tiet−
tin?dDocName=MOFUCM227568
(Accessed
February
9,
2023).
[2]
:
TU
VTV,
B.
D.
(2020) ĐH Kinh tế Quốc
dân
công
bố Báo cáo tác động
của
COVID−19 đến
nền
kinh tế, BAO DIEN TU VTV, [online] Available at: https://vtv.vn/news−20200403194411328.htm
(Accessed February 2, 2023).
[3]
: Anon (2020) Chi tiết tin Đại dịch COVID−19: “Sát thủ vô hình” tàn phá nền kinh tế thế giới,
[online] Available at: https://mof.gov.vn/webcenter/portal/btcvn/pages_r/l/tin−bo−tai−
chinh?dDocName=MOFUCM188046
(Accessed
February
2,
2023).
[4]
: Hoa, P. H. P. (2020) Chi tiết tin, Chi tiết tin, [online] Available at:
https://mof.gov.vn/webcenter/portal/vclvcstc/pages_r/l/chi−tiet−
tin?dDocName=MOFUCM227568
(Accessed
February
2,
2023).
[5]
:
TU VTV, B. D. (2020) Đại
dịch
COVID−19:
Doanh
nghiệp đã vượt qua “cú sốc” thế nào?,
BAO
DIEN TU VTV, [online] Available at: https://vtv.vn/news−20200417151035421.htm (Accessed
February 2, 2023).
[6]
:
Anon
(2022)
BÁO
CÁO
TÁC
ĐỘNG
CỦA
DỊCH
COVID−19
ĐẾN
TÌNH
HÌNH
LAO
ĐỘNG,
VIỆC
LÀM
QUÝ I NĂM 2022, TỔNG CỤC THỐNG, [online] Available at: https://www.gso.gov.vn/du−lieu−va−
14
so−lieu−thong−ke/2022/04/bao−cao−tac−dong−cua−dich−covid−19−den−tinh−hinh−lao−dong−viec−
lam−quy−i−nam−2022/
(Accessed
February
8,
2023).
15
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ASSIGNMENT 1 FRONT SHEET Qualification
BTEC Level 5 HND Diploma in Business Unit number and title Academic Writting
Submission date : 09- 02-2023
Date Received 1st submission Re-submission Date
Date Received 2nd submission
Student Name : PHAM THI NGOC Student ID : BH 01109 HUYEN
Assessor name: HOANG VAN Class: BA 0602 DUNG Student declaration
I certify that the assignment submission is entirely my own work and I fully understand the
consequences of plagiarism. I understand that making a false declaration is a form of malpractice. Student’s signature Huyen Grading grid P 1
Summative Feedback: Resubmission Feedback: Grade: Assessor Signature: Date:
Internal Verifier’s Comments: Signature & Date: 2 Contents
I. INTRODUCTION ........................................................................................................................................... 4
II. IMPACT OF COVID 19 ON THE WORLD'S ECONOMIC SITUATION IN GENERAL AND VIETNAM IN
PARTICULAR .................................................................................................................................................. 4
1. WORLD ECONOMIC SITUATION IN THE PERIOD OF COVID 19............................................................ 4
2. VIETNAM ECONOMIC SITUATION IN THE PERIOD OF COVID 19 ........................................................ 6
III. SUGGESTION ........................................................................................................................................... 12
IV. CONCLUSION .......................................................................................................................................... 14
V. Reference ................................................................................................................................................. 14 3 I. INTRODUCTION
An epidemic of acute respiratory infections caused by a new strain of Corona virus (Covid−19)
appeared in December 2019 and on January 31, 2020, the World Health Organization (WHO)
declared a health status. global emergency. The outbreak is difficult and unpredictable.
In general, the epidemic has affected the world, disrupting supply chains for many products and
commodities around the world, and stagnating in production and business; temporary drop in
China's demand for goods and services, impacting global growth.
Vietnam has a relatively large economic opening and is geographically located near China, so the
epidemic will globally affect all socio−economic fields of Vietnam and popular psychology. In
which, the world economy in general and the Vietnamese economy in particular have had serious
effects to have a look at the impact of covid 19, so I chose the topic " Assess the impact of COVID-
19 on Viet Nam's economic situation ".
II. IMPACT OF COVID 19 ON THE WORLD'S ECONOMIC SITUATION IN GENERAL AND VIETNAM IN PARTICULAR
1. WORLD ECONOMIC SITUATION IN THE PERIOD OF COVID 19 4
Figure 1: World GDP situation from 2018 to 2021
Unit: trillion USD 98 96 94 92 90 88 86 84 82 80 78 2018 2019 2020 2021
Source: Worldbank
First, is the impact on the world economy The COVID−19 pandemic broke out in the context of a
strong globalization process, so the spread was very fast and difficult to control. The economic
consequences that the pandemic has left globally are very heavy. Global GDP is estimated to be
around US$84.54 trillion in 2020 – meaning a 4.5% decline in economic growth resulting in a loss
of economic output of nearly $2.96 trillion. In 2021, global economic growth is slowing somewhat but remains weak.
According to a report by the International Labor Organization (ILO), in the first four months of
the year alone, up to 81% of the global workforce (about 3.3 billion people) was affected by
workplace closures. part or all. In the second quarter of 2020, the number of hours worked
worldwide fell by 6.7%, representing 195 million ful −time workers. In the first six months of the
year alone, global GDP fell by 15.6 percent, four times as much as in 2008, the time of the global
financial crisis. Aviation is probably the industry most impacted by COVID−19, with heavy losses
and layoffs becoming a "nightmare" for the global aviation industry. The International Air 5
Transport Association (IATA) calls 2020 the world's worst year for the aviation industry as ful −
year passenger traffic is estimated to be down 66% compared to 2019, revenue is down more than 60%.
In 2020, for the first time, dozens of economies simultaneously fell into recession due to COVID−
19. USA, UK, Spain, Portugal, France, Germany, Italy, Australia, Brazil, Canada, Japan, Korea,
Indonesia, Singapore, Philippines, Thailand, Indonesia..., the names are still stretching. Countries
also simultaneously launched stimulus packages with many monetary measures and emergency
loans to rescue the economy. The total value of support programmes from the United States or Japan is even 20 % of GDP.
2. VIETNAM ECONOMIC SITUATION IN THE PERIOD OF COVID 19
In such a gray general picture, Vietnam emerges as a "rare bright spot" when the economy
achieved a growth rate of 2.12% from January to September 2020, causing most organizations to
assess optimistic about GDP growth for the whole year.
Numbers about the economic impact of COVID−19 in VietNam 6
Figure 2: VIETNAM GDP situation from 2018 to 2021
Unit: billion USD 380 370 360 350 340 330 320 310 300 290 280 2018 2019 2020 2021
Source: Worldbank
GDP growth rate remained positive, but there was a significant decrease
With drastic and effective solutions in realizing the dual goal of "epidemic prevention and socio−
economic development", Vietnam's economy still achieved positive results with maintaining GDP
growth. year 2021, but reached the lowest level in the period 2011 − 2021.
GDP in 2021 is estimated to increase by 2.58% compared to the previous year because the Covid−
19 epidemic has seriously affected all sectors of the economy. In particular, the fourth outbreak
of the epidemic, starting from April 27, 2021, has seriously affected all aspects of socio−economic
life, production and business activities of businesses and people in most areas. most provinces
and cities, especially in big provinces and cities such as Ho Chi Minh City, Hanoi, Bac Giang, Bac
Ninh, Binh Duong, Dong Nai ..., where densely populated, industrial parks , export processing 7
zones and large enterprises in the global value chain, greatly contributing to economic
development and budget revenue.
GDP in the third quarter of 2021 decreased by 6.17% compared to the same period in 2020, in
which, except for the agriculture, forestry and fishery sector, which achieved a positive growth
of 1.04% but still very low in the past 10 years (only higher than growth rate of 0.97% in 9 months of 2016).
According to the Report on the Impact of COVID−19 on the Economy of the National Economics
University, in the first two months of the year 2020, 16,151 enterprises temporarily suspended
their activities, 19.5% more than in the same period. 2,807 enterprises completed dissolution
procedures. This is the first month many companies have registered the impacts of the COVID−
19 outbreak. The production scale of enterprises also shrunk. As of March 20, 2020, more than
15% of enterprises had to reduce production scale (February 2020 was 10%). Statistics in
February 2020 showed that the number of unemployed people applying for unemployment
insurance was over 47,000 people, an increase of 60% compared to January 2020 and an increase
of 70% compared to the same period last year (nearly 28,000 people).
About 65.5% of enterprises cut operating costs regularly; 35.3% of enterprises had to cut labor;
34.0% had to cut wages of workers and 34.5% of enterprises had to give workers unpaid leave;
44.7% enterprises cut production and business scale; 34.7% of enterprises chose to suspend
production and business activities to wait for difficult times and 15.1% of enterprises changed
their production and business forms to suit the new context.(3)
* Impact of the Covid-19 epidemic on labor and employment situation
Efforts should be made to implement production, business and social life activities, soon
overcome difficulties and challenges, and take advantage of opportunities to accelerate the
country's socio−economic recovery and development. has had a marked effect on the Vietnamese
labor market. The number of workers negatively affected by the Covid−19 pandemic has sharply decreased. 8
In the first quarter of 2022, although the whole country still had more than 16.9 million people
aged 15 years and older who were negatively affected by the Covid−19 pandemic, this number
decreased sharply compared to the previous quarter (down 7.8 million people). million people).
This is the sharpest decline recorded since the country witnessed the outbreak of the Covid−19 pandemic.
Out of a total of more than 16.9 mil ion people negatively impacted by the pandemic, 0.9 mil ion
people lost their jobs, accounting for 1.2%; 5.1 million people had to temporarily stop/suspend
production and business, accounting for 6.7%; 5.7 million people had their working hours cut or
forced to take time off work, or rotated leave, accounting for 7.6%, and 13.7 million workers had
their income reduced, accounting for 18.3%. The Red River Delta and the Southeast are still the
two regions with a higher proportion of affected workers than other regions. The number of
workers in these two regions who said their jobs were affected by the pandemic accounted for
25.7% and 23.9%, respectively; significantly higher than this figure in the Northern Midlands and
Mountains and the Central Highlands, at 18.8% and 14.4%, respectively. Urban areas are still
areas with more workers suffering than rural areas. 25.8% of workers in urban areas are
negatively affected, while this rate in rural areas is 20.5%. The majority of people whose jobs
have been adversely affected by the Covid−19 pandemic in the past time are quite young, from
25 to 54 years old, accounting for 73.8%. 9
Figure 3: Number of people aged 15 years and over being negatively affected by the covid 19
pandemic in the fourth quarter of 2021 and the first quarter of 2022
Unit: million people 18 16 14 12 10 8 6 4 2 0 cut working hours business 4th quarter of 2021 1st quarter of 2022
In the first quarter of 2022, the workforce continued to recover even as the number of Covid−19
infections in the country continued to increase.
The labor force aged 15 and over in the first quarter of 2022 was 51.2 million people, an increase
of more than 0.4 million people compared to the previous quarter and an increase of 0.2 million
people compared to the same period last year. Compared to the previous quarter, the labor force
in both rural and urban areas increased by about 0.2 million, the male labor force increased more
than the female labor force (0.3 million employees of the State). men compared to nearly 0.2 million female workers). 10
The labor force participation rate in the first quarter of 2022 was 68.1%, up 0.4 percentage points
from the previous quarter. The Southeast is the region with the strongest increase, with 2.1
percentage points; followed by the Mekong Delta; with 0.9 percentage points.
Figure 4:Laborers have jobs by quarter, stage 2020-2021
Unit: million people
Although the number of people aged 15 having a job in the first quarter of 2022 is still lower than
the same period in 2020, when the Covid−19 pandemic just started appearing, it has increased
sharply compared to the previous quarter and the same period last year. . The labor market is
gradually making remarkable improvements.
In the first quarter of 2022, the number of employed people aged 15 and over was 50.0 million
people, an increase of nearly 1 million people compared to the previous quarter and an increase
of 132.2 thousand people over the same period last year.
Of the six socio−economic regions, the Southeast, the Mekong River Delta, and the Central
Highlands are the three regions with the most prosperity. The number of employed workers in
the Southeast region is nearly 10.1 million people, an increase of 710.7 thousand people
compared to the previous quarter and an increase of 28.6 thousand people compared to the 11
same period last year; the Mekong River Delta region with 9.2 million employees, an increase of
369.8 thousand people compared to the previous quarter and an increase of 9.2 thousand people
compared to the same period last year; Central Highlands with nearly 3.6 million employees, an
increase of 94.1 thousand people compared to the previous quarter and an increase of 203.3
thousand people compared to the same period last year. III. SUGGESTION
In the coming time, in order to effectively implement the dual goals of disease prevention,
recovery and socio−economic development, in addition to continuing to promote the vaccination
campaign for the entire population, it is necessary to well organize the implementation of the
following key solutions for economic development:
First, continue to examine, refine and improve the feasibility of legal literature. Improve the
efficiency of the inspection and review of legal documents to detect conflicting, overlapping and
inadequate contents that are no longer consistent with reality, thereby expeditiously handling
them according to their competence or propose competent agencies to handle according to the
provisions of law, meet the requirements of clearing bottlenecks, support and promote
investment, production and business activities; Continue to cut and simplify business conditions,
administrative procedures, unnecessary and unreasonable regulations, hindering production and
business activities of organizations and individuals.
Second, improving the business environment supports economic recovery and enhances
resilience following the COVID−19 pandemic. A business−friendly environment is important for
the long−term resiliency of the economy and for a quick recovery from the crisis. During the
current COVID−19 pandemic, it is important to create a healthy business environment to ensure
economic recovery and restore investor confidence. Over the medium to long term, the business
community will influence how businesses face the pandemic and how they take advantage of
opportunities as they begin the recovery process. Therefore, where there is effective, predictable
regulation, creating a fair business environment that promotes competition; If there is an
institution that guarantees asset protection and contractual rights, it is easier to start a business,
adapt to new regulations, and quickly shift business activities to meet the new needs of 12
customers. market. The quality of the business environment is also important for foreign
investment and connecting national companies to global supply chains
Third, be proactive and flexible in managing and operating budget revenue and expenditures.
There is a need to regularly review budgetary revenues, particularly taxes, duties, mining, current
royalties and land−use royalties for unpaid projects. Thoroughly implement savings in recurrent
expenditures to prioritize spending sources for development investment, saving administrative
expenses, meetings, business trips; at the same time, ensure resources for epidemic prevention
and control and increase spending on social security.
Fourth, accelerate the completion of investment procedures, the implementation and release of
public investment capital. The synchronized implementation of measures aimed at accelerating
the disbursement of public equity capital is the most important measure for promoting economic
growth, in particular key projects and new construction projects.
Fifth, spend more on social security and employment support for workers. It is necessary to
review and have appropriate support policies for people in difficult circumstances due to the
impact of the epidemic, especially to strengthen direct support for vulnerable groups such as
informal workers and the unemployed. Karma; Support for housing rental costs for employees
working in enterprises in economic zones, industrial parks and export processing zones; Providing
preferential loans to employees through the Bank for Social Policies;... Implementation of
support should be more flexible to ensure that support funds are transferred to target audiences
in a timely and timely manner. enjoy. Besides, it is also necessary to have policies to support
training and retraining of employees.
Sixth, support for the recovery of the production and commercial activities of enterprises,
cooperatives and households of enterprises. Support the recovery of production and business
activities of enterprises (especially small and micro enterprises), cooperatives, and business
households by continuing to implement tax exemption, tax reduction and family tax policies. tax
deadlines, fees, charges, debt restructuring policies; Manage appropriate credit growth, continue
to restructure debt, keep the debt group unchanged. 13 IV. CONCLUSION
In the above research article, I have studied the effects of covid 19 on the world economy and on
the Vietnamese economy. I assessed the effects of covid 19 on GDP, on businesses and on
workers. Above are assessments of the impact of covid 19, and some suggestions for the state
and businesses to develop in the post−covid era.Because in order to have the most general
overview of the effects of covid 19 and propose some solutions to overcome the post−covid
economy, I chose the topic "Evaluating the impact of covid19 on the Vietnamese economy". V. Reference
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