The impact of Covid-19 outbreak on performance of commercial banks listed in Vietnam

Abstract

The Covid-19 outbreak has negatively affected on activity of economic sectors, including the banking and financial sectors. This research aims to explore the impact of the Covid-19 outbreak on the performance of commercial banks listed in Vietnam during the phase of Quarter 1, 2020, to Quarter 3, 2021. By using the data provided by Worldometers and Bloomberg, the research found that the Covid-19 outbreak is positively correlated with commercial banks’ performance. Based on the findings, the State Bank of Vietnam needs to have policies for controlling the activities of commercial banks and sharing with business sectors and households to overcome the Covid-19 pandemic.