Vietnam has been one of a few countries that successfully contained the COVID-19 pandemic. However, aggressive measurements against the pandemic were at the expense of economic activities and companies’ financial performances. This cross-sectional study uses a survey of 672 companies in Vietnam and the logistic regression model to explore companies’ coping strategy choices based on their degree of financial distress, companies’ profiles, entrepreneurial factors, and the interactions between them. The results suggest that companies predominantly selected cost-cutting strategies to deal with the economic shutdown. However, the interactions between financial and entrepreneurial factors could significantly increase the likelihood of selecting growth-focused strategies. Besides, when facing a global pandemic such as COVID-19, managers’ perceptions about the spillover effects of global risks were much more impactful than local risks on companies’ coping strategy selections. This paper can help to inform managers to better deal with the aftermath of the COVID-19 outbreak.

越南是成功遏制 COVID-19 大流行的少数几个国家之一。然而，针对这一流行病采取的积极措施是以牺牲经济活动和公司的财务业绩为代价的。这项横断面研究使用对越南 672 家公司的调查和逻辑回归模型，根据公司的财务困境程度、公司概况、创业因素以及它们之间的相互作用来探索公司的应对策略选择。结果表明，公司主要选择削减成本的策略来应对经济停摆。然而，财务和创业因素之间的相互作用可能会显着增加选择以增长为中心的战略的可能性。此外，在面对 COVID-19 等全球大流行病时，管理者对全球风险溢出效应的看法比局部风险对公司应对策略选择的影响要大得多。本文可以帮助管理人员更好地应对 COVID-19 爆发的后果。