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

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

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.

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.