Along with Covid-19, Vietnam’s largest city proposes a re-start of the economy!

Ho Chi Minh City, Vietnam’s coronavirus epicenter, plans to loosen the strict lockdown and resume financial activities on September 15, shifting away from its “Zero-COVID-19” approach to living with the virus after two years of fighting against the odds and hoping to be free of the virus.

 According to a draught seen by Reuters and still being approved, the city of 9 million people plans to restart its economy in stages and fully vaccinate its citizens by the end of this year.

Last month, Ho Chi Minh City deployed troops to impose a lockdown and prevent citizens from leaving their homes in order to slow the rising number of deaths. Only 2.9 % of the 98 million Vietnam’s people have received all of their vaccinations.

The draft proposes that the city, which is surrounded by major industrialized provinces, abandon its containment strategy in favor of reviving the economy while adhering to strict health regulations. The city wants to “promote economic recovery… and move toward living with COVID-19,” according to the proposal.

According to reports, the revival will be gradual, and affected businesses will be offered low-interest loans and tax breaks. In Ho Chi Minh City alone, there have been 232,600 coronavirus infections and 9,724 deaths, accounting for half of the country’s cases and 80% of the deaths. The vast majority of them have happened in recent months, as the company is nearing the end of one of the best COVID-19 containment records in the world, which it had hoped to keep through quarantining and aggressive contact tracing. Prime Minister Pham Minh Chinh warned on Wednesday that Vietnam could be in for a long coronavirus battle and that lockdown and quarantines could rely on for indefinite periods.

Nguyen Truong Son, the city’s deputy health minister, has appealed to recovered COVID-19 patients to assist in the fight against the pandemic. “You can register to join the fight when you feel physically good enough, confident enough, and want to contribute your efforts,” he wrote in an open letter on Friday.

Source: Reuters

World Economic Magazine

Recent Posts

Europe’s Private Credit Moment: Why 2026 Could Redefine the Asset Class

Dubai leveraged its strategic coastline to become a global trade hub, exporting “access itself” through…

1 day ago

DUBAI REAL ESTATE INDUSTRY SURGE SIGNALS MARKET MATURITY, SAYS LUXURY DEVELOPER

Keturah Reserve launches final sales phase as 2025 data reveals AED86B capital gains and major…

2 days ago

U.K. Economy Contracts Again as Services Weakness Deepens, Cementing Expectations of a Bank of England Rate Cut

The UK economy contracted again in late 2025, with weaker services output fuelling expectations of…

4 days ago

U.S. Lawmakers Raise Alarm Over Sale of Nvidia H200 Chips to China

U.S. lawmakers are raising alarms over Nvidia’s AI chip exports to China, warning that allowing…

5 days ago

Historical Recognition for Akinwumi Adesina: University of Gambia Re-Names Faculty of Agriculture and Environmental Sciences in his honor

The historic occasion recognized and immortalized Adesina’s name, leadership, contributions to Africa, and his visionary…

5 days ago

BUOYANT DUBAI REAL ESTATE MARKET ROUNDS OFF LANDMARK YEAR WITH DECEMBER SURGE

Record 215,700 annual sales worth AED 686.8 billion underscore city's position as a premier global…

5 days ago