The COVID-19 pandemic is first and foremost a human tragedy. Measures introduced to deal with the pandemic could save lives but are having wide-ranging economic effects and inducing economic contagion. There are already studies estimating the economic impact of the virus. But greater focus is needed on the transmission mechanisms of the economic contagion and in critiquing how assessments of the economic impacts are made, concentrating on the ASEAN region.

Shifting from direct to indirect exports through distribution and e-commerce systems has become an urgent requirement in the context of the outbreak of the acute respiratory disease caused by the novel coronavirus (Covid-19).

Việt Nam has taken full advantage of the CPTPP to gain strong growth in exports to Canada and Mexico, according to the Ministry of Industry and Trade (MoIT).

The Vietnam National Textile and Garment Group (Vinatex) on March 25 informed that Vietnam’s garment and textile industry might suffer a loss of up to VND11 trillion if export orders continue to be halted, delayed and canceled.

Seafood exporters are seeing up to half their orders canceled or delayed as demand shrinks amidst the Covid-19 pandemic.

THE TRUMP administration is said to be trying to avoid reducing tariffs on medical imports from China amid the coronavirus pandemic.

The World Trade Organization (WTO) Director General Roberto Azevedo warned on Thursday that the world is leading up to an economic crisis worse than that of 2008, due to the Covid-19 pandemic.

ASEAN sacrifices advantages of economic integration to block contagion.

The Asian Development Bank (ADB) forecast Cambodia will lose more than US$390 million due to the economic impact of the novel coronavirus disease (COVID-19) outbreak this year, the Phnom Penh Post reported.

The quarterly plunge in Singapore’s GDP was worse than the median forecast of an 8.2% decline in a Bloomberg survey of economists.