On May 17th , World Bank has published the latest Vietnam Macro Monitoring which mainly discusses the following topics:
- Vietnam is experiencing the fourth outbreak of locally transmitted COVID-19 infections that started in late April 2021, triggering swift responses from the government that closed schools and imposed new mobility restriction measures.
- In April 2021, industrial production continued its solid expansion while retail sales rebounded after two consecutive months of decline.
- Merchandise exports fell slightly but remained exceptional thanks to on-going recovery in U.S and China, while foreign direct investment inflows slowed down after two months of increase.
- Prices rose by 0.5 percent (m/m) in April 2021 as the result of the rebound in private consumption after the end of the third COVID-19 outbreak.
- The budget registered a surplus in the first four months of 2021 as revenue collection rose by 7.3 percent (y/y) while slower public investment disbursement contributed to a decline in total expenditure.
- Looking ahead the ongoing economic recovery can be negatively affected by the fourth COVID-19 outbreak. If the new restrictive health and mobility measures need to be maintained or increased, the government may want to consider a new fiscal stimulus that would include a more generous assistance package for COVID-19 affected people and business.
For a more detailed analysis, please read full text here World Bank Document