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Right after assuming the chairmanship of Asean in 2020, Vietnam has been challenged by the outbreak of Covid-19 disease. Regional response to the disease has been coordinated and collective efforts have been taken.

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As the number of coronavirus cases continues to rise around the world, there are deep concerns over the potential economic impact of the virus.

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The head of the World Trade Organisation said that he expected the coronavirus epidemic to have a "substantial" impact on the global economy, but plans for a June ministerial meeting were going ahead.

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In the midst of this long-term structural shift from China, India has dropped a few notches in the companies' preference to relocate manufacturing, while ASEAN countries have gained.

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There’s little hope for a global economic rebound in 2020.

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The coronavirus outbreak could cause more damage to the Vietnamese economy than the government anticipates, investment fund Vinacapital has warned in a report.

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On January 30, 2020, the World Health Organization (WHO) declared that the novel coronavirus (2019 n-CoV) is a public health emergency of international concern (PHEIC). Countries have, therefore, been asked to report outbreaks of the virus and to keep the WHO informed of any measures being taken.

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The acute respiratory disease caused by a novel coronavirus (COVID-19) has highlighted an urgent need for Vietnam to boost its economic restructuring and diversify its markets.

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