Business

Vietnam to ease virus curbs in bid to heal bruised economy

Business, social activities in ‘safe localities’ will be allowed to resume starting next week

Updated 5 years ago · Published on 26 Sep 2021 5:00PM

Vietnam to ease virus curbs in bid to heal bruised economy
Vietnamese Prime Minister Pham Minh Chinh says the Covid-19 battle ‘is not just setting up physical barriers and restrictions’. – Reuters pic, September 26, 2021

HANOI – 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, said Prime Minister Pham Minh Chinh yesterday.

The country, which until late April had maintained one of the world’s best containment records, is seeking to coexist with the coronavirus instead of trying to maintain a “Covid-zero” policy.

The current outbreak and related restrictions on movement have impacted its manufacturing-led economy, forcing the closure of some factories.

“Around September 30, safe localities can ease Covid-19 restrictions and revive business and social activities,” Chinh told a government meeting.

“Fighting the pandemic is not just setting up physical barriers and restrictions,” he said, adding that the health crisis is now more or less under control.

The decision comes as Vietnam records a drop in its daily virus death rate. It reported 9,682 new infections yesterday, marking the third consecutive day of cases below the 10,000 mark.

The country has recorded over 746,600 cases in total, with 18,400 fatalities.

Foreign investors 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 may grow between 3.5% and 4.0% this year, well below the government’s earlier target of 6.5%, Planning and Investment Minister Nguyen Chi Dung was cited by state media as saying.

The nation, with a population of 98 million, is accelerating its vaccination programme. Although daily inoculations have reached 700,000, Vietnam’s vaccination rate of 7.61% is one of the region’s lowest. – Reuters, September 26, 2021

Related News

World / 1w

Bangkok floods: The real pain starts when waters recede

Malaysia / 2w

Anutin’s first year: Restoring Thailand’s political status quo

Malaysia / 1mth

Northern Malaysia must prepare for the consequences of lower rainfall

World / 1mth

The Vietnamese economy and the challenges ahead

Opinion / 1mth

Massive attacks in the Thai Deep South aimed at destroying the economy

Malaysia / 1mth

Malaysia records 6% GDP growth in Q2 despite global headwinds, says Sim

Spotlight

Malaysia

Nhaveen murder trial: Accused admits taunting victim but denies fatal assault

Malaysia

MCMC probes alleged AI sexual abuse targeting Kedah pupils, teachers

Malaysia

Anwar checks final preparations for Budget 2027

Malaysia

Sarawak election could be called within weeks of Budget 2027

Malaysia

Anwar contacts Prabowo over ‘alarming’ transboundary haze

Malaysia

King calls for schools in haze-hit areas to close

Malaysia

Parents worry over children’s exposure as haze worsens

By Alfian Z.M. Tahir

You may be interested

Business

Budget 2027 targets foreign e-commerce platforms, channels billions into local firms and startups

Business

Oil slips on Trump’s Iran remarks, but supply risks and strong US dollar keep markets on edge