The Impact of COVID-19 Crisis on Subnational Public Finance : The Case of Danang City

The Impact of COVID-19 Crisis on Subnational Public Finance : The Case of Danang City

The national economy of Vietnam was affected by the April 2020 lockdown meant to contain the domestic spread of the COVID-19 (coronavirus) virus and subsequent outbreaks in Da Nang and Ho Chi Minh City. Nevertheless, the economy showed exceptional...

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Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
Published: World Bank, Washington, DC 2021
Subjects:
ECONOMIC GROWTH
FISCAL TRENDS
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
PUBLIC EXPENDITURE
MUNICIPAL FINANCE
REVENUE MOBILIZATION
TAXATION
SUBNATIONAL EXPENDITURE
Online Access:http://documents.worldbank.org/curated/undefined/321451636741166223/Vietnam-Fiscal-Update-The-Impact-of-COVID-19-Crisis-on-Subnational-Public-Finance-The-Case-of-Da-Nang-City
http://hdl.handle.net/10986/36588
id okr-10986-36588
recordtype oai_dc
spelling okr-10986-365882021-11-18T05:10:49Z The Impact of COVID-19 Crisis on Subnational Public Finance : The Case of Danang City World Bank ECONOMIC GROWTH FISCAL TRENDS CORONAVIRUS COVID-19 PANDEMIC IMPACT PUBLIC EXPENDITURE MUNICIPAL FINANCE REVENUE MOBILIZATION TAXATION SUBNATIONAL EXPENDITURE The national economy of Vietnam was affected by the April 2020 lockdown meant to contain the domestic spread of the COVID-19 (coronavirus) virus and subsequent outbreaks in Da Nang and Ho Chi Minh City. Nevertheless, the economy showed exceptional resilience. Gross domestic product (GDP) grew by an estimated 2.9 percent in 2020, one of the few economies in the world that grew during the pandemic. At the sectoral level, the services sector, especially the tourism-related subsectors, have borne the brunt of the COVID-19 crisis, with accommodation and catering services dropping by about 15.0 percent in 2020 compared to 2019, while the number of foreign visitors in 2020 was only 21 percent of the number a year ago. 2021-11-17T17:06:26Z 2021-11-17T17:06:26Z 2021-11-01 Report http://documents.worldbank.org/curated/undefined/321451636741166223/Vietnam-Fiscal-Update-The-Impact-of-COVID-19-Crisis-on-Subnational-Public-Finance-The-Case-of-Da-Nang-City http://hdl.handle.net/10986/36588 English Vietnam Fiscal Update; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Public Expenditure Review East Asia and Pacific Vietnam
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic ECONOMIC GROWTH
FISCAL TRENDS
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
PUBLIC EXPENDITURE
MUNICIPAL FINANCE
REVENUE MOBILIZATION
TAXATION
SUBNATIONAL EXPENDITURE
spellingShingle ECONOMIC GROWTH
FISCAL TRENDS
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
PUBLIC EXPENDITURE
MUNICIPAL FINANCE
REVENUE MOBILIZATION
TAXATION
SUBNATIONAL EXPENDITURE
World Bank
The Impact of COVID-19 Crisis on Subnational Public Finance : The Case of Danang City
geographic_facet East Asia and Pacific
Vietnam
relation Vietnam Fiscal Update;
description The national economy of Vietnam was affected by the April 2020 lockdown meant to contain the domestic spread of the COVID-19 (coronavirus) virus and subsequent outbreaks in Da Nang and Ho Chi Minh City. Nevertheless, the economy showed exceptional resilience. Gross domestic product (GDP) grew by an estimated 2.9 percent in 2020, one of the few economies in the world that grew during the pandemic. At the sectoral level, the services sector, especially the tourism-related subsectors, have borne the brunt of the COVID-19 crisis, with accommodation and catering services dropping by about 15.0 percent in 2020 compared to 2019, while the number of foreign visitors in 2020 was only 21 percent of the number a year ago.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title The Impact of COVID-19 Crisis on Subnational Public Finance : The Case of Danang City
title_short The Impact of COVID-19 Crisis on Subnational Public Finance : The Case of Danang City
title_full The Impact of COVID-19 Crisis on Subnational Public Finance : The Case of Danang City
title_fullStr The Impact of COVID-19 Crisis on Subnational Public Finance : The Case of Danang City
title_full_unstemmed The Impact of COVID-19 Crisis on Subnational Public Finance : The Case of Danang City
title_sort impact of covid-19 crisis on subnational public finance : the case of danang city
publisher World Bank, Washington, DC
publishDate 2021
url http://documents.worldbank.org/curated/undefined/321451636741166223/Vietnam-Fiscal-Update-The-Impact-of-COVID-19-Crisis-on-Subnational-Public-Finance-The-Case-of-Da-Nang-City
http://hdl.handle.net/10986/36588
_version_ 1764485570116976640

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