VN says pandemic over, looks to revive economy

[reader]

From Viet Nam News

HCM City Party chief calls for announcing ‘end’ of Việt Nam pandemic, reviving economy

HCM CITY — Việt Nam should announce “the end” of the COVID-19 pandemic in the country and “develop a roadmap to gradually resume trade relations with 17 partners,” HCM City Party Committee secretary Nguyễn Thiện Nhân has said.

Speaking on Monday at a National Assembly meeting in Hà Nội on the socio-economic situation in the first half, he said Việt Nam has been able to contain the outbreak without any community infection for two months.

“The rate of people infected per million in Việt Nam is very low, only 3.4. No more than one person per million (the current rate is 0.2 people) is being treated. Việt Nam has not reported any deaths due to the outbreak.” 

As soon as the first cases were detected, the country took more precautionary measures than recommended by the World Health Organisation, he pointed out.

Based on these and recent developments in other countries, he suggested that the Government should consider resuming trade with 17 economic partners. 

“These are Việt Nam’s most important partners, accounting for 90 per cent of foreign investment, 80 per cent of international trade and 80 per cent of tourists.”

The country should first develop a specific roadmap to revive trade with 10 partners, which are Japan, South Korea, mainland China, Taiwan, Thailand, Hong Kong, Germany, Australia, and the Virgin Islands (UK), he said.

Other partners include India, the US, Russia, Singapore, the Netherlands, Indonesia, and Malaysia, he said.

“We need to monitor further to see when it is safe to reopen trade relations with these partners because ‘these partners are not completely safe yet’.”

According to official statistics, foreign investment in Việt Nam this year could fall by 30 per cent, tourism by 50 per cent and international trade by 18 per cent, Nhân added. 

Concurring with Nhân, NA deputy Lưu Bình Nhưỡng called on the NA to issue a resolution on economic recovery. “The most important is to revive the economy, which has been seriously impacted in recent months.” 

But Nguyễn Lân Hiếu, another deputy and director of Hà Nội’s Medical University Hospital, warned: “We need to be very careful about [linking up with] foreign economies because the risk of a second wave of infection is still high in many countries. For example, China is now showing signs of a second wave in some localities.”

He added: "It is vital to do more scientific studies to ensure there is no second wave of the infection in Việt Nam.