TIẾNG VIỆT Coronavirus could cost Vietnam up to $3.7bln in the worst situation
Coronavirus could cost Vietnam up to 0.4% GDP. Photo: plo.vn
In the worst scenario, the Southeast Asian economy could lose over $3.7 billion of GDP and about 750,000 jobs, if the Covid-19 epidemic broke out, Asian Development Bank said in a recent report.
The damage of Vietnam is likely to be equivalent to about 0.4% of GDP while the global’s damage is estimated at between $77 billion and $347 billion or 0.1% to 0.4% of global GDP, according to the report.
Vietnam’s economy is seen as vulnerable to the epidemic outbreak due to its deep global economic integration and close trade relations with China.
Of the affected sectors, commerce and public services are expected to suffer with more than $1 billion, followed by transportation with $922 million while the manufacturing, construction suffer $836 million.
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Source: ADB
