Assessment of the COVID-19 Socio-Economic Impact on Vulnerable Households and Household Businesses in Viet Nam

Jun 3, 2021

The report  findings highlight that:  (i) Since April 2020, as a result of the pandemic, the employment of  63% surveyed  households  were  affected (family  members were  laid  off, had  a temporary break  from work, suffered  from reduced working  hours and  work sharing. Households with businesses reported a higher percentage of employment impact compared to the average. (ii) While there was a significant recovery from May income levels, household per capita income in October 2020 was still lower than  in December 2019 by 14.5 and  18.5 percentage points for all households  and  households  with businesses respectively. (iii) As a result, the transient  income poverty rate (using MOLISA’s income poverty line for the period from 2016 to 2020) of the affected population that  experienced employment impact was recorded at 12.7% in October 2020 as compared to 4.9% in December 2019. Critically,  8.5% of the  non-poor population in December 2019 fell into  poverty in October 2020 because of  the  impacts of  the  pandemic. Finally,  the  implementation of  preventive measures  by households  became less vigilant as pandemic-related health risks fell, at  the  same  time overall  rates  of  households  using  e-commerce and  e-payment  mechanisms as well  as having family members move to new jobs increased.

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