The Impact of COVID-19 on GDP’s Growth: a comparison of Vietnam and Singapore

dc.contributorAalto Universityen
dc.contributorAalto-yliopistofi
dc.contributor.advisorDecker, Christopher
dc.contributor.authorTa, Tinh
dc.contributor.departmentMikkelin kampusfi
dc.contributor.schoolKauppakorkeakoulufi
dc.contributor.schoolSchool of Businessen
dc.date.accessioned2023-05-21T16:02:31Z
dc.date.available2023-05-21T16:02:31Z
dc.date.issued2023
dc.description.abstractThe study provides a comparative analysis of the impact of COVID-19 on the economies of Vietnam and Singapore in terms of GDP growth. A regression analysis was conducted for both countries to determine the COVID-19 effect on their economies in 2020 and 2021. The findings indicate that Vietnam suffered a negative COVID-19 effect in both years, yet still managed to maintain a positive growth rate. On the other hand, Singapore was hit severely in 2020 but bounced back strongly in 2021 due to its role as a middleman for global transportation. Singapore's recovery was supported by its emphasis on trading and retailing and semiconductor manufacturing. It is suggested that the impact of COVID-19 on economies varies depending on the country's industry and its ability to adapt to a disrupted global supply chain.en
dc.format.extent56
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/120853
dc.identifier.urnURN:NBN:fi:aalto-202305213189
dc.language.isoenen
dc.programme(Mikkeli) Bachelor’s Program in International Businessen
dc.subject.keywordVietnamen
dc.subject.keywordSingaporeen
dc.subject.keyworddeveloped economiesen
dc.subject.keyworddeveloping economiesen
dc.subject.keywordeconomic indicatorsen
dc.subject.keywordcountry comparisonen
dc.subject.keywordeconomicsen
dc.titleThe Impact of COVID-19 on GDP’s Growth: a comparison of Vietnam and Singaporeen
dc.typeG1 Kandidaatintyöfi
dc.type.ontasotBachelor's thesisen
dc.type.ontasotKandidaatintyöfi
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