The COVID-19 pandemic has already produced considerable changes in all aspects of an economy. Being an economy with a high degree of trade openness, Vietnam has maintained extensive trade relations with many partners. In the context of a global pandemic, Vietnams economy has been severely affected. Therefore, this article focuses on analyzing the impact of the COVID-19 outbreak on the aspects such as gross domestic product (GDP) growth, foreign trade, tourism, unemployment rate, and enterprises operation, and raising some prospects of Vietnams economy.