Friday, July 24, 2020

Can Vietnam leverage its COVID-19 success for economic growth?

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Inshiya Nalawala

Article Title

Can Vietnam leverage its COVID-19 success for economic growth?

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Global Views 360

Publication Date

July 24, 2020

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A policeman helping a rider fix their mask

A policeman helping a rider fix their mask | Source: Đài Truyền Thanh TPST via Wikimedia

While the entire world is battling with COVID-19, Vietnam, in a country of over 100 million recorded just 330 cases as of early June 2020 and zero death in May 2020.

A professor at Nagasaki University’s Institute of Tropical Medicine Vietnam Research Station said that "Vietnam has no special test kits or drugs to treat the disease, but the government decided to do what it had to do at an early stage and put that plan straight into practice."

Vietnam was quick in its action. As soon as the first case was confirmed, the government had called upon measures for serious quarantine, implemented strict border control measures, and curbed unnecessary local movement. Close to a million people were isolated to halt the spread of further infections.

The strict measures helped Vietnam to quickly control the COVID situation and put the focus back on the economy. The mainstay of Vietnam's economy, garment export and tourism witnessed steep fall resulting in loss of employment to over 3.5 million people in the first half of 2020. Still Vietnam’s economy has expanded by 0.36% over last year in the same period unlike other countries in the region where it contracted as compared to last year. The annual GDP growth for Vietnam in 2020 is expected to be around 2.7% to 3% which again is the best in the region.

Vietnam , today is the safest country in the region to travel, work, or stay amidst the worldwide COVID pandemic. It is being favourably considered as an alternative destination by many companies who are looking to cut down their reliance on China in their supply chain.  The Free Trade Agreement (FTA) between the European Union and Vietnam which will be operational in August, may help Vietnam grow its exports.

Apart from export led growth, the tourism sector may also grow significantly as the other major tourist destinations in the region, Singapore and Thailand, are still battling with the pandemic, while Vietnam has successfully overcome the same.

The government is also looking to support the local business by slashing the corporate income tax to 30 percent which increased the liquidity for some sectors of economy. Special tax benefits and deferred tax payments(in some cases) are also in  line for small and medium enterprises (SMEs) which constitutes almost 97% of all the businesses in Vietnam. All these measures are expected to lead to a 7% GDP growth for Vietnam in 2021.

The miraculous recovery from the pandemic, government incentives to industry, and the willingness of many companies to relocate from China present such a perfect mix of opportunities for Vietnam to leap ahead and become the fastest-growing economies in SouthAsia. What remains is to see how fast and how effectively the country is able to act while this window of opportunity is open.

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February 4, 2021 5:16 PM

Bhagat Singh: The Man, The Life, And The Beliefs

Bhagat Singh is one of the ‘big names’ immortalised in the history of India’s freedom struggle and eternally cherished even after almost ninety years of his martyrdom. What makes him stand out is his popularity among the masses being almost on par with the likes of Mahatma Gandhi and Jawaharlal Nehru, despite his beliefs and actions being diametrically opposite to theirs.

Of the freedom fighters who remain mainstream in today’s India— a crowd predominantly made up of politicians with center or right of centre leanings, Bhagat Singh occupies a relatively lonely spot as a young, staunchly left-wing revolutionary who outrightly rejected Gandhi’s philosophy, and preferred direct action over politics.

Newspaper headline after Central Legislative Assembly non-lethal bombing

Bhagat Singh is most commonly and widely remembered in association with an incident where he, along with his friend and comrade B.K. Dutt dropped non-lethal smoke bombs into the Central Legislative Assembly from its balcony in 1929. They also scattered leaflets by the Hindustan Socialist Republican Association (HSRA), which he was a major part of and was aided by in orchestrating the bombings. He is said to have been inspired by French anarchist Auguste Vaillant, who had bombed the Chamber of Deputies in Paris in 1893.

The bombing gathered widespread negative reaction due to the use of violence, especially from those who supported the Gandhian method. While Bhagat Singh and the HSRA wanted to protest exploitative legislatures such as the Public Safety Act and the Trades Disputes Bill, it is also widely accepted that they additionally intended to use the drama and public attention of the ensuing trial to garner attention to socialist and communist causes. Bhagat Singh and Dutt did not escape under the cover of panic and smoke despite the former carrying a pistol, and waited for the police to find and arrest them. During the trial Bhagat Singh frequently chanted a variety of slogans, such as ‘Inquilab Zindabad,’ which is even today often raised in protests across India.  

March 25th Newspaper carrying the news about execution of Bhagat Singh | Source: Tribune India

However, this was not the trial that ended in Bhagat Singh receiving his execution sentence. Before the Assembly bombings, Bhagat Singh had been involved in the shooting of police officer John Saunders, in connection to the death of freedom fighter Lala Lajpat Rai. At that time he and his associates had escaped, but after Bhagat Singh was awarded a life sentence for the Assembly bombing, a series of investigations led to his rearrest as part of the Saunders murder case. It was this trial— generally regarded as unjust— that led to his much protested execution sentence.

Bhagat Singh was hanged to death on the eve of March 23rd, 1931 and he was just twenty-three years old.

Despite the criticism he received for his actions, his execution sentence was widely opposed and many attempts were made to challenge it. In fact, his execution came on the eve of the Congress party’s annual convention, as protests against it worsened. He was memorialised nationwide as a martyr, and is often addressed with the honorific Shaheed-e-Azam Bhagat Singh.

Apart from being a socialist, Bhagat Singh was attracted to communist and anarchist causes as well. In ‘To Young Political Workers,’ his last testament before his death, he called for a “socialist order” and a reconstruction of society on a “new, i.e, Marxist basis.” He considered the government “a weapon in the hand of the ruling class”, which is reflected in his belief that Gandhian philosophy only meant the “replacement of one set of exploiters for another.” Additionally, he wrote a series of articles on anarchism, wanting to fight against mainstream miscontrusions of the word and explain his interest in anarchist ideology.

Bipin Chandra, who wrote the introduction to Why I am an Atheist by Bhagat Singh | Source: Wikimedia

While writing the introduction to Bhagat Singh’s remarkable essay Why I am an Atheist in 1979, Late Bipan Chandra described the Marxist leaning of Bhagat Singh and his associates in the following way;

Bhagat Singh was not only one of India’s greatest freedom fighters and revolutionary socialists, but also one of its early Marxist thinkers and ideologues. Unfortunately, this last aspect is relatively unknown with the result that all sorts of reactionaries, obscurantists and communalists have been wrongly and dishonestly trying to utilise for their own politics and ideologies the name and fame of Bhagat Singh and his comrades such as Chandra Shekhar Azad.”

Bhagat Singh is often admired and celebrated for his dedication to the cause of liberation. However his socialist, communist and anarchist beliefs were suppressed by the successive governments in Independent India. This in a way is the suppression of a revolutionary who has the potential to inspire, unite and motivate the growing population of a spectrum of activists all over India, in direct response to the fast-spreading divisiveness and intolerance in the country, often patronised by the groups and organizations professing the right-wing fascist ideology.

Bhagat Singh’s dreams of a new social order live on, not just in his writings, but also reflected in the hearts of every activist, protester, and dissenting citizen. The fight for freedom, revolution, Inquilab, may have changed in meaning, but it is far from over.

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