PWC_2022_Covid -19 Impact Assessment

Covid-19 Impact Assessment

  • Vietnam’s Current Economic Prospects 
  • Sluggish Economic Prospects to Come in Vietnam’s Key Export Markets 
  • Selected Sectors Snapshot Textiles/Garments and Consumer Electronics Manufacturing

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Vietnam’s Current Economic Prospects

  • Revision of Gross Domestic Product (GDP) growth forecast of selected countries due to the outbreak of COVID-19
  • Correlation between total exports and nominal GDP
  • Vietnam’s top export products and destinations (2015-2019)

Sluggish Economic Prospects to Come in Vietnam’s Key Export Markets 

  • World merchandise trade volume, 2000-2022
  • Ratio of world merchandise trade growth to world GDP growth, 1990-2020
  • Expected impact on apparel consumption

Selected Sectors Snapshot Textiles/Garments and Consumer Electronics Manufacturing 

  • The Vietnamese textiles industry remains largely driven by small and medium local enterprises
  • The COVID-19 crisis may accelerate the recently observed trend of concentration
  • Company’s exposure to the COVID-19 crisis is not likely to be as critical as for the Vietnamese textiles/garment sector

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