HANOI, VIETNAM - MARCH 26: Street vendors at the Old Quarter, a popular area normally packed with tourists, wait for customers on March 26, 2020 in Hanoi, Vietnam. Hanoi has ordered the shutting of non-essential businesses, except for shops selling food, medicine and fuel, until April 5 to prevent the spread of Covid-19.  Prime Minister Nguyen Xuan Phuc has ordered the suspension of all international flights to Vietnam amidst restricted entry into the country by air, road and sea on March 21. Vietnam has confirmed 153 cases of Covid-19 with no deaths in the country and 17 fully recovered. (Photo by Linh Pham/Getty Images)

COVID-19 has significantly affected many economies throughout the world, but there are some brighter signs in Vietnam. Declared as a epidemic in early February in Vietnam, effective health policies and early action have mitigated the impact of COVID-19 in Vietnam and the country has maintained low numbers of cumulative cases and deaths compared to other comparators. From mid-April to early May, the Vietnamese government implemented lockdown and social distancing measures at the national and provincial levels. At the end of Q2, the Vietnamese economy was proving to be resilient, with GDP expected to grow in 2020 while the GDP of most other ASEAN
economies are expected to contract.

To monitor the social and economic effects on households amid the pandemic, the World Bank designed and conducted its COVID-19 High-Frequency Phone Surveys of Households in Vietnam. This monitoring data helps gather insights on household well-being as post-lockdown reopening unfolds, and to highlight the effects on the most vulnerable members of Vietnamese society. 

The first round of the Vietnam household high-frequency phone survey was conducted between June 5 to July 8, 2020. Over 6,000 households were contacted from all provinces in the country. Subsequent rounds are being conducted in July, September, and November 2020. The household surveys are collected by the Mekong Development Research Institute, under the supervision of the World Bank.

Learn more about the Project here.

Photo credits: https://time.com/5812908/world-bank-report-asian-economies-recession/

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