The report provides (i) an update on the epidemiological situation and Viet Nam’s COVID-19 response; (ii) a review of the global and regional economic context including the role of economic imbalances that predated the pandemic on the impact on the recovery; (iii) a summary of the economic impact of COVID-19 in Viet Nam; (iv) estimations of the loss of income and employment, focusing on micro and small businesses and vulnerable workers and their families, while exploring the impact on specific vulnerable groups, including migrants, people living in remote and underserved areas, ethnic minorities, people with underlying health conditions, people with disabilities and others.

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