[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-108722-en":3,"doc-seo-108722-105":31,"detail-sidebar-cat-0-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":30},108722,1374391975076,"Riley","https://ap-avatar.wpscdn.com/avatar/14000253ca4ec9f6853?x-image-process=image/resize,m_fixed,w_180,h_180&k=1783305029341752051",8,"Research & Report","COUNTRY PRIVATE SECTOR DIAGNOSTIC - Creating Markets in Vietnam - Bolstering the Private Sector during COVID-19 and Beyond","This executive summary presents a Vietnam Country Private Sector Diagnostic focused on how private-sector development can be strengthened through relief, restructuring, and resilient recovery during and after the COVID-19 crisis. It outlines Vietnam’s development achievements led by trade openness and export-oriented growth, then explains how COVID-19 containment measures and the Delta wave disrupted economic activity and employment. The report examines opportunities and cross-sector challenges to facilitate private investment, aligned with government and World Bank Group strategy priorities.","Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized  \nPublic  \nCOUNTRY PRIVATE SECTOR DIAGNOSTIC  \nCREATING MARKETS IN VIETNAM  \nBolstering the Private Sector during COVID-19 and Beyond: Relief, Restructuring, and Resilient Recovery  \nExecutive Summary  \nSeptember 2021  \nA study by World Bank and International Finance Corporation.  \nAbout IFC  \nIFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2021, IFC committed a record $31.5 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of the COVID-19 pandemic. For more information, visit [www.ifc.org](www.ifc.org).  \n© International Finance Corporation 2021. All rights reserved.  \n2121 Pennsylvania Avenue, N.W.  \nWashington, D.C. 20433 [www.ifc.org](www.ifc.org)  \nThe material in this work is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. IFC does not guarantee the accuracy, reliability or completeness of the content included in this work, or for the conclusions or judgments described herein, and accepts no responsibility or liability for any omissions or errors (including, without limitation, typographical errors and technical errors) in the content whatsoever or for reliance thereon. The findings, interpretations, views, and conclusions expressed herein are those of the authors and do not necessarily reflect the views of the Executive Directors of the International Finance Corporation or of the International Bank for Reconstruction and Development (the World Bank) or the governments they represent.  \nPhoto Credits  \nCover photo: Workers at a production line in the electronics manufacturer Hanel PT. Photo by IFC.  \nEXECUTIVE SUMMARY  \nCOUNTRY CONTEXT  \nThe private sector has played a central role Vietnam’s outstanding development journey. From boosting investments to creating productive jobs and growth, it has helped propel Vietnam to the ranks of a middle-income economy in one generation. Driven by its trade openness and an exported-oriented growth model, Vietnam has attracted large amounts of foreign direct investment (FDI) in labor-intensive segments of manufacturing global value chains (GVCs) . Extreme poverty declined from 50 percent to around 2 percent between 1990 and 2018. Today, Vietnam is the world’s second-largest smartphone exporter, producing over 40 percent of Samsung’s global phone products—an embodiment of the success of the country’s growth strategy. Entry into the domestic private sector has been equally dynamic, and large domestic enterprises are emerging with Vingroup, VietJet Aviation, and Masan Group operating across the East Asia region.  \nVietnam was preparing for its next economic transformation when the COVID-19 crisis unfolded. Building on its impressive achievements, Vietnam’s ambition is to become a high-income country by 2045 by following the path of its regional peers, such as the Republic of Korea, which underpinned its development trajectory with increasing reliance on productivity growth and thereby avoided the middle-income trap.1 The challenges of the global slowdown in growth and trade, combined with rapid changes in technologies related to Industry 4.0,2 and the push toward servicification of manufacturing3 have been compounded by the COVID-19 crisis that hit Vietnam in early 2020.4 Vietnam demonstrated leadership and swift action in the containment of the virus by imposing strict lockdown measures and stringent border controls. These measures led to a significant decline in economic activity resulting in social and economic hardship on business","cbCaimLdIQ3BHC8D","https://ap.wps.com/l/cbCaimLdIQ3BHC8D","pdf",767310,3,1,27,"English","en",105,"# Executive Summary\n## Country Context\n## Businesses Have Been Severely Harmed by the COVID-19 Pandemic\n## Objective and Scope of the Vietnam CPSD","[{\"question\":\"What is the main purpose of the Vietnam Country Private Sector Diagnostic (CPSD)?\",\"answer\":\"To examine opportunities and challenges, both cross-sector and sector-specific, to strengthen private sector development and facilitate investments in Vietnam.\"},{\"question\":\"How did COVID-19 affect businesses and employment in Vietnam, according to the summary?\",\"answer\":\"COVID-19 dealt a severe blow, with strict lockdowns and border controls reducing economic activity and creating social and economic hardship for businesses and households.\"},{\"question\":\"What data sources does the CPSD rely on?\",\"answer\":\"It draws on literature and World Bank Group knowledge, enterprise surveys, high-frequency/real-time data from private firms, and interviews and consultations with private sector stakeholders and Vietnamese authorities.\"}]","COUNTRY PRIVATE SECTOR DIAGNOSTIC - Creating Markets in Vietnam - Bolstering the Private Sector during COVID-19 and Beyond | PDF",1784473525,68,{"code":4,"msg":32,"data":33},"ok",{"site_id":25,"language":24,"slug":34,"title":13,"keywords":35,"description":14,"schema_data":36,"social_meta":87,"head_meta":89,"extra_data":91,"updated_unix":29},"country-private-sector-diagnostic-creating-markets-in-vietnam-bolstering-the-private-sector-during-covid-19-and-beyond","",{"@graph":37,"@context":86},[38,54,69],{"@type":39,"itemListElement":40},"BreadcrumbList",[41,45,49,51],{"item":42,"name":43,"@type":44,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":46,"name":47,"@type":44,"position":48},"https://docshare.wps.com/document/","Document",2,{"item":50,"name":12,"@type":44,"position":20},"https://docshare.wps.com/document/research-report/",{"item":52,"name":13,"@type":44,"position":53},"https://docshare.wps.com/document/country-private-sector-diagnostic-creating-markets-in-vietnam-bolstering-the-private-sector-during-covid-19-and-beyond/108722/",4,{"url":52,"name":13,"@type":55,"author":56,"headline":13,"publisher":58,"fileFormat":61,"inLanguage":24,"description":14,"dateModified":62,"datePublished":63,"encodingFormat":61,"isAccessibleForFree":64,"interactionStatistic":65},"DigitalDocument",{"name":9,"@type":57},"Person",{"url":42,"name":59,"@type":60},"DocShare","Organization","application/pdf","2026-07-30","2026-07-19",true,{"@type":66,"interactionType":67,"userInteractionCount":20},"InteractionCounter",{"@type":68},"ViewAction",{"@type":70,"mainEntity":71},"FAQPage",[72,78,82],{"name":73,"@type":74,"acceptedAnswer":75},"What is the main purpose of the Vietnam Country Private Sector Diagnostic (CPSD)?","Question",{"text":76,"@type":77},"To examine opportunities and challenges, both cross-sector and sector-specific, to strengthen private sector development and facilitate investments in Vietnam.","Answer",{"name":79,"@type":74,"acceptedAnswer":80},"How did COVID-19 affect businesses and employment in Vietnam, according to the summary?",{"text":81,"@type":77},"COVID-19 dealt a severe blow, with strict lockdowns and border controls reducing economic activity and creating social and economic hardship for businesses and households.",{"name":83,"@type":74,"acceptedAnswer":84},"What data sources does the CPSD rely on?",{"text":85,"@type":77},"It draws on literature and World Bank Group knowledge, enterprise surveys, high-frequency/real-time data from private firms, and interviews and consultations with private sector stakeholders and Vietnamese authorities.","https://schema.org",{"og:url":52,"og:type":88,"og:title":13,"og:site_name":59,"og:description":14},"article",{"robots":90,"canonical":52},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":93},[94,98,102,106,111,116,121,124,129,132,136],{"id":21,"doc_module":4,"doc_module_name":47,"category_name":95,"show_sort_weight":96,"slug":97},"Story & Novel",90,"story-novel",{"id":48,"doc_module":4,"doc_module_name":47,"category_name":99,"show_sort_weight":100,"slug":101},"Literature",80,"literature",{"id":53,"doc_module":4,"doc_module_name":47,"category_name":103,"show_sort_weight":104,"slug":105},"Exam",70,"exam",{"id":107,"doc_module":4,"doc_module_name":47,"category_name":108,"show_sort_weight":109,"slug":110},5,"Comic",60,"comic",{"id":112,"doc_module":4,"doc_module_name":47,"category_name":113,"show_sort_weight":114,"slug":115},6,"Technology",50,"technology",{"id":117,"doc_module":4,"doc_module_name":47,"category_name":118,"show_sort_weight":119,"slug":120},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":47,"category_name":12,"show_sort_weight":122,"slug":123},30,"research-report",{"id":125,"doc_module":4,"doc_module_name":47,"category_name":126,"show_sort_weight":127,"slug":128},9,"Religion & Spirituality",20,"religion-spirituality",{"id":127,"doc_module":4,"doc_module_name":47,"category_name":130,"show_sort_weight":127,"slug":131},"World Cup","world-cup",{"id":133,"doc_module":4,"doc_module_name":47,"category_name":134,"show_sort_weight":133,"slug":135},10,"Lifestyle","lifestyle",{"id":137,"doc_module":4,"doc_module_name":47,"category_name":138,"show_sort_weight":107,"slug":139},19,"General","general"]