Vietnam estimates Covid-19 loss at $37 bln

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Vietnam has suffered an economic loss of VND847 trillion ($37 billion) because of the ongoing pandemic, Nguyen Thanh Phong, Deputy Head of the Central Economic Commission, says.

 

Without the pandemic, the country's economy would have grown by 7 percent. However, the economic growth rate only increased by 2.91 percent in 2020 and is expected to increase by 2.5 percent this year, Phong said at a Sunday forum on economic recovery plans.

 

The economic loss is equivalent to VND847 trillion, or $37 billion, at current market prices, he said.

 

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