Vietnam Economy

By Anonymous -

 Vietnam Economy 

-how they work and make money
Vietnam works under a socialist-oriented market economy in other words its that the government is directly involved in economic development and decision-making," currently, it is a mix between this state planned economy and a market economy" which is controlled by supply and demand aka "the amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price."


 The Vietnam economy continued to achieve an impressive growth

Corona virus on economy

like any  other countries the Corona Virus took a huge affect on them and the pandemic has created both a public health crisis and an economic crisis 

in this chart Vietnam is forecast to lose some 0.41 percent of GDP due to the novel coronavirus outbreak. the virus affects did declines in tourism and business travel; spillovers of weaker demand to other sectors and economies through trade and production linkages; supply-side disruptions to production and trade (which are distinct from demand-side shocks spilling over through trade and production linkages) which affects a lot of business as well.



Citations

world book student and wiki

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