COVID-19 prevention efforts boost profile of Vietnam among investors

Yen Phong industrial park in Bac Ninh province attracts the most FDI in the northern region (Photo: Viglacera)

This comes after Globalnews.ca quoted advisers from a number of foreign corporations who believe the country’s success in fighting the COVID-19 has helped improve reliability for foreign investors. As a result, the nation is positioning itself as a safe place in which to do business, thus helping to attract international manufacturers who are attempting to persify their supply chains.

In addition, the Bangkok Post has reported that a range of indexes provides plenty of optimism for future growth, with one chart indicating a 2% growth of Vietnamese shares on May 6, representing the best monthly trading session amid a general global decline of share prices.

Plenty of international media outlets have also provided wide-ranging coverage of the revival of a number of sectors of the Vietnamese economy. Nikkei Asian Review report that approximately 4 million AirPod wireless earphones, equivalent to roughly 30% of all Apple products, are set to be shipped to the country during the second quarter of 2020. In terms of tourism, TTG Asia has published survey results which indicate that up to 45% of Chinese tourists are keen on visiting Vietnam on their first overseas trip of 2020.

With regard to a successful model to combat the COVID-19, the Economist magazine published an article outlining some the nation’s simple and low-cost measures such as tracing and quarantining thousands of people who pose a high risk of spreading the infection. The country also benefits from investing in its various community health systems, especially primary care, and enjoys competent management, devoted health workers, whilst patients nationwide can have extensive access to treatment.

Dr. Todd Pollack, an infectious disease specialist, also said that there are some cultural factors in terms of helping the nation’s anti-epidemic efforts, such as a willingness to research and learn from the experience of other countries. Most notably, citizens do not object to newly-enforced policies, such as wearing masks, isolating away from home, and following the recommendations of authorities.

Moreover, the specialist attributed the strong prevention results to the country’s prompt and decisive actions. In addition, patients have been quarantined quickly and effectively as a way of protecting elderly members of the community. Being fully aware of the prolonged danger of the disease, the country must continue to stay vigilant until a vaccine is discovered, he added.