GLOBAL BUSINESS AND POLITICS TOPIC: COVID- 19 AND ITS IMPACTIONS GROUP 3: 1) Hoang Le Hai Yen 2) Vy Thi Ngoc 3) Luan Thi Nho MAIN CONTENTS INTRODUCTION IMPACTIONS ON ALL OVER THE WORLD IMPACTIONS ON VIETNAM SOLUTIONS Introduction • Coronavirus disease 2019 (COVID-19): is an infectious disease caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The disease was first identified in December 2019 in Wuhan, the capital of China's Hubei province, and has since spread globally, resulting in the ongoing 2019–20 coronavirus pandemic. The first confirmed case of what was then an unknown coronavirus was traced back to November 2019 in Hubei. 1. Top ten most-affected countries USA FRANCE ITALY IRAN SPAIN UK v GERMANY CHINA SWITZERLAND v TURKEY 2. Covid-19 in Vietnam Province Infected cases Active cases Recovered cases Ha Noi 112 32 80 0 Ho Chi Minh 55 1 54 0 Vinh Phuc 19 5 14 0 Ninh Binh 13 2 11 0 Binh Thuan 9 1 8 0 Deaths ALL OVER THE WORLD • Impact on the economy: - Cannot accurately assess the danger level and the time of epidemic control. - Negative impacts from pandemic prevention measures. - Disrupting supply chains and supply-demand relationship - Reduce demand, change spending habits, travel of consumers. Production stagnated, unemployment increased, leading to the risk of default, bankruptcy of enterprises and psychology of risk worries, even panic of financial investors. ALL OVER THE WORLD • Impact on society - Increase unemployment -> Strong pressure on social security, income and employment Support measures include: expansion of social security, support for employment retention (such as reduced working hours, paid leave, and other benefits), tax breaks and financial assistance for micro, small and medium enterprises. loan support and financial support for a number of specific economic sectors; strengthen social dialogue - dialogue between workers, employers and their representative organizations; building public confidence and up-to-date international labor standards ... ALL OVER THE WORLD • Impacts on many other specific areas, especially tourism - Tourism has plummeted, especially for the hotel industry and luxury goods business. ALL OVER THE WORLD • Impact on political and diplomatic relations between countries - Discrimination against people from disease-affected areas and citizens of countries affected by the epidemic will have a negative impact on political and diplomatic relations between countries. IMPACTION ON VIETNAM Impact on Socio-Economy • • • • • • • Manufacturing industry International trade Tourism Transportation Agriculture and agricultural product market Labor, employment Education Impact on the ideological situation IMPACT ON SOCIO-ECONOMY Manufacturing industry • Being under severe pressure from supply chain • Being difficult to find sources of alternative inputs in a short time. Vietnam's exports and imports to China in particular and the world in general to decline. Making jobless or temporarily quit working due to the lack of production materials. IMPACT ON SOCIO-ECONOMY International trade • Most of the export revenue of items with large revenues (machinery, equipment, iron and steel, gasoline, etc.) decreased. The import-export situation has stalled, making the import-export tax is significantly affected. IMPACT ON SOCIO-ECONOMY Tourism • Travel businesses, companies investing in tourism infrastructure systems are impacted the most. According to a survey of the Vietnam Private Economic Development Research Board (under the Advisory Council on Reforming the Administrative Procedures of the Prime Minister), if Covid-19 lasts 6 months, 74% of tourism businesses will bankrupt. IMPACT ON SOCIO-ECONOMY Transportation • Scarcity of goods, freight, an increase in waiting/empty days leading to a dramatically increase in costs. IMPACT ON SOCIO-ECONOMY Agriculture and agricultural product market • Vietnam's agricultural exports to China in January 2020 to decrease by 14%. Most of the key fruit products, especially dragon fruits and watermelons, are fresh, unprocessed exports, which are facing a lot of difficulties, with tens of thousands of tons of backlog left, IMPACT ON SOCIO-ECONOMY Labor, employment • Ensuring employment for workers but have to reduce working hours and maintain a wage equal to two-thirds before. • Impacted and delayed the labor export of Vietnam to some major countries. A number of private sector workers are suffering from unpaid or extended leave, reduced working hours, reduced income, and no social insurance. IMPACT ON SOCIO-ECONOMY Education • All public schools and educational institutions have been stopped and study online. • The Ministry of Education and Training had to rearrange the plan of exams and assess the quality for all educational levels. The Covid-19 epidemic has had a great impact on the education and training industry of many countries around the world, including Vietnam. IMPACT ON IDEOLOGICAL SITUATION • Some individuals and organizations have hoarded goods, increased prices, even produced products, produce fake and poor quality products to sell to people at high prices. • Some individuals who not complying with isolation. The whole community was worried and insecure. Vietnam • Urgently develop epidemic prevention scenarios and plans; prepare facilities for isolation, testing, examination and treatment… • Anti-epidemic principles: Prevention Detection - Isolation Staking - Dumping (paying special attention to detection stage) and principle 4 in place, dispersed treatment. IN THE WORLD • Many countries have closed borders with other countries, except their citizens, imposed strict controls on domestic movement, and required people to stay indoors. Social Distancing • Stop activities focusing on 20 people in one room • Do not gather more than 10 people outside the workplace, school, hospital • Keep a distance of 2 m between people and people in public places. • Stopping religious rituals, stopping all sports, cultural and recreational activities in public places, suspend operation of service-providing establishments.