Vietnam abandoned the zero-Covid route after GDP fell

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Vietnam is releasing a three-month settlement in Ho Chi Minh City after a stern warning from business and a frequent downturn in all domestic affairs.

Reducing travel barriers, factory operations and other activities at Vietnam’s trade headquarters are following in the footsteps of communist leaders in the country to end the “zero-Covid” approach to the transition process.

From Friday, the Ho Chi Minh City government will allow gatherings of up to 10 people, or up to 50 if all have been vaccinated or fully recovered from Covid-19. The city has also introduced a “green card” system that gives more freedom to work for companies whose employees have received two immunizations.

As of Monday, about 7m people in the city over 10m received one Covid vaccine and about 3m received two, according to the Vietnamese Ministry of Health.

Reducing the crisis comes after companies, including groups representing foreign investment in Vietnam, warned Prime Minister Pham Chinh that cross-border routes in Ho Chi Minh City were appropriate. a crippled business and forced other companies to export products.

After forcing solid separation and following in 2020, Vietnam had a new regional epidemic and became one of Asia’s least growing economies.

However, as of the middle of this year, an outbreak of another type of Delta coronavirus targeting Ho Chi Minh City, revealing shortcomings in procurement and government vaccination.

Beginning July 8, authorities have imposed a 12-hour curfew on the city, which was urged to ban almost all traffic, including between cities and regions that create the unrest.

Companies were working forced choice between paying the rent and feeding the workers in their factories or suspending them.

Blocking measures significantly affected functional areas such as clothing and footwear, but electronics manufacturers were also hit. Companies that suffered problems are what sells them included Apple, Samsung, Toyota and Nike.

Vietnam on Wednesday also said that 6.2% of the third quarter had fallen in GDP, the sharpest drop since the start of recordings.

Chinh and other government officials have recently agreed that Vietnam will no longer be able to follow the zero-Covid approach and will instead adopt “new” measures to combat the disease.

At a meeting of the Covid executive committee this week, the Ministry of Health followed guidelines on what it called “continuous change, flexibility and effective control of the Covid-19 epidemic”.

“Vietnam, like many other countries, recognizes that there is no way to survive in Covid, and that is a good thing,” Mary Tarnowka, director of the American Chamber of Commerce in Vietnam, told the Financial Times. “Doing this to get HIV is very important.”

Vietnam has reported 780,000 coronavirus infections and about 19,000 deaths from the virus, almost all of which were stored since early July. The incidence of the disease has decreased in recent weeks after rising at the end of August.

Follow me on Twitter: @JohnReedwrites

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