Vietnam to Ease COVID Restrictions: Economic Restart Planned for Next Week
Vietnam to Ease COVID-19 Curbs, Restart Production to Boost Economy
Vietnam plans to ease coronavirus curbs and allow businesses to restart production from next week to prop up an economy that has suffered under lengthy lockdowns, Prime Minister Pham Minh Chinh said on Saturday.
The country, which until late April had maintained one of the world’s best containment records, is seeking to co-exist with the virus instead of trying to maintain a COVID-zero policy.
Economic Restart
The current outbreak and related restrictions on movement have impacted its manufacturing-led economy, forcing the closure of some factories.
“Around Sept. 30, safe localities can ease COVID-19 restrictions and revive business and social activities,” Chinh told a government meeting.
Balancing Pandemic Response and Economy
“Fighting the pandemic is not just setting up physical barriers and restrictions,” he said, adding the pandemic was more or less under control.
The decision comes as Vietnam has seen a drop in the daily death rate from the virus. It reported 9,682 new local cases on Saturday, marking the third consecutive day the rate of infection has been below 10,000. The country has recorded over 746,600 cases in total, with 18,400 fatalities.
Impact on Economy and GDP Growth
Foreign investors in Vietnam have warned the government that its strict lockdown rules in the south have forced some companies to move production elsewhere.
Vietnam’s gross domestic product could grow between 3.5%-4.0% this year, well below the government’s earlier target of 6.5%, the country’s Minister of Planning and Investment Nguyen Chi Dung was cited by state media as saying.
Vaccination Efforts
Vietnam, with a population of 98 million, is accelerating its vaccine programme. Over 30 million people have received their first Covid-19 vaccine shots and more than 7.94 million are fully vaccinated, according to the health ministry.
Although daily inoculations have reached 700,000, its vaccination rate of 7.61% is one of the region’s lowest.
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Reference: Vietnam Insider Review
