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Quarterly APAC Market Report Q1 2020

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19 March, 2020 41% 14% 45% High Impact Medium Impact Lower Impact Vietnam Latest Available Workforce Statistics February 2020 Total Workforce 56m Unemployed 1.2m Impact of Coronavirus ▪ A bailout package of US $2.7bn has been approved. ▪ The Government will help with the temporarily unemployed or furloughed employees (~US $77 per month). Terminated employees and those ineligible for unemployment allowances or have no contract will also be supported (~US $70 per month) ▪ Approximately US $91m have been paid in unemployment allowances from January to March. ▪ Schools and most non-essential businesses are closed in key provinces, although some lockdown restrictions were lifted in outer areas. ▪ Companies can lay off employees for economic reasons. Negotiated temporary reduction of salary is permissible but it can't be less than minimum wage Employment Share: Coronavirus - Likely Impact by Sector High Impact Medium Impact Lower Impact Accommodation and Food Services 5% Construction 9% Education 4% Real Estate; Business and Administrative activities 2% Financial and Insurance Activities 1% Human Health and Social Work Activities 1% Manufacturing 19% Mining and Quarrying <1% Public Admin, defence, social security 3% Wholesale and Retail trade 13% Transport, storage and communication 4% Utilities 1% Arts, Entertainment, Recreation and other services 3% Agriculture, Forestry and fishing 36% Share of Workforce based on Sector and Likely Impact of Coronavirus on Jobs Forecast YOY Change 2.7% IMF GDP Forecast* *IMF Real GDP Forecast is a baseline scenario which assumes pandemic containment measures are gradually wound down in the second half of 2020. IMF, World Economic Outlook, April 2020 IMF, World Economic Outlook, April 2020 https://www.imf.org/en/Publications/WEO/Issues/2020/04/14/weo-april-2020 https://ilostat.ilo.org/data/ https://www.ilo.org/global/topics/coronavirus/lang--en/index.htm https://www.lexology.com/research/hubs/coronavirus https://tradingeconomics.com/ https://thethaiger.com/coronavirus/loophole-closed-more-unemployed-to-receive-payments-from-thai-government https://www.bangkokpost.com/thailand/general/1895015/schools-wont-reopen-until-july-1 https://www.reuters.com/article/us-health-coronavirus-vietnam/vietnam-to-extend-coronavirus-lockdown-in-12-provinces-for-seven-days-idUSKCN21X1MY https://en.vietnamplus.vn/pm-approves-266-billion-usd-bailout-package-for-covid19affected-people/171513.vnp https://www.gso.gov.vn/

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