After remarkable success in containing the Covid-19 pandemic from January 2020 to April 2021, the situation has turned in Vietnam as the Delta variant surges throughout many parts of the country. The worst hit is the country’s economic hub of Ho Chi Minh City, which will make the overall economic impact of this fourth wave significant. Strict lock-downs are significantly disrupting businesses and supply chains, while the socio-economic security of millions are at a risk level not seen for decades in Vietnam. Yet, the government’s containment policy is clear, strong and decisive (unlike many other countries, particularly in the West): Protecting public health […]
COVID-19 has slowed global trade and disrupted supply chains, starting in China – the “factory of the world” – and resulting in a ripple effect as businesses struggle to source raw inputs. This has had short-term impacts on Vietnam, like everywhere else, but the country is strongly positioned for a rebound as economies restart.
As world-wide business activity comes to a standstill and Covid-19 dominates global headlines, it is easy to overlook other developments and business deals that are still ongoing.
It is too soon to say whether Vietnam – or indeed anywhere – has dodged the covid-19 bullet. But, in terms of infection caseloads, the nation of some 90 million is containing numbers better than anywhere in the region on a per-capita basis.