The Q3-2021 lockdowns affected about 28.2 million workers, including a loss of 2.5 million in jobs and an increase in the unemployment rate to a record high 3.7 percent.
Fading protection in 2021. Vietnam’s ability to guard against external risks has been strong over the years, thanks to its shift to a current account surplus, as its trade surplus widened. However, the protection is fading in 2021.
Fitch’s ratings are driven by the institutional support from100% shareholder, Standard Chartered Bank, for Standard Chartered Vietnam given itsimportant role in the group's broader South-East Asia strategy.
As global supply chains continue to experience disruptions since the outbreak of COVID-19, companies are increasingly looking to adopt a holistic approach to supply chain management.
In addition to the 7.5 million vaccine doses the United States donated through the COVAX Facility, Vietnam has received 4,176,00 doses of AstraZeneca vaccine from the COVAX Facility.