This brief presents new projections on the economic impact of COVID-19 and highlights policy implications.

The Mekong River Commission (MRC) Joint Committee endorsed ad-referendum the 10-year Basin Development Strategy. The Strategy aims to guide Mekong River Basin stakeholders in addressing environmental, social, and economic issues arising from climate change, water resource development projects, and population increase. Its endorsement paves the way for a final consideration and approval by the MRC’s council of ministers. 

The Asian Development Bank’s investments in Viet Nam will enhance transport connectivity, urban development, access to quality education, health security, environmental sustainability, and integration into the regional and global economy.

The Government of Myanmar released a Strategic Roadmap for Tourism Recovery that aims to establish ‘new normal’ conditions to help tourism make  a comeback.  

Mr. Ohn Maung, Union Minister of Ministry of Hotels and Tourism, provided guidelines for implementation of the plan. It includes three phases:  

Survival 

Trade promotion authorities from the People’s Republic of China (PRC) and Viet Nam organized a virtual conference for agro-food exporters from Viet Nam and enterprises from Yunnan, PRC, in a bid to boost Viet Nam’s agricultural and food exports. Around 23 Vietnamese agriculture, food, and beverage enterprises participated in the event to promote products suitable to the market in Yunnan province and the broader PRC. 

The conference also provided an opportunity to discuss measures to boost Viet Nam’s agricultural and food exports, and maintain trade linkages.

Viet Nam's Prime Minister Nguyen Xuan Phuc delivered a report on how the coronavirus disease (COVID-19) was contained and managed in the country, and solutions to restart the economy, at the opening ceremony of the country’s 14th National Assembly’s 9th working session on 20 May 2020. 

While tightened control by Viet Nam and the People’s Republic of China (PRC) in response to the COVID-19 epidemic may have slowed down customs procedures and trade, the two countries continue to work on easing import/export at the border through cooperation and discussions. 

Limited resources did not stop Viet Nam from implementing a quick and effective response against the coronavirus disease (COVID-19). As countries all over the world work to overcome the novel coronavirus outbreak, Viet Nam, a country with a population of 95 million, boasts a remarkably low infection rate of only 271 total confirmed cases and no deaths, according to the World Health Organization situational report (as of 5 May 2020). 

Cambodia and Viet Nam will continue to work together to ensure bilateral trade continues amidst border control measures implemented due to the COVID-19 pandemic. While the two countries have enforced stricter travel restrictions to tourists passing through their borders, Cambodia and Viet Nam remain open to the exchange of goods.  

Through the use of modern information technology, Can Tho is transforming itself to become Viet Nam’s first smart city in the southwestern region by 2025. By transforming itself into a smart city, Can Tho hopes to further encourage civic engagement,  increase competitiveness, and improve the city’s socio-economic development.