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 4:40 PM

Black Lives Matter: Will it lead to reform of Police Forces in the USA?

The spontaneous eruption of the “Black Lives Matter” protest after the unfortunate death of George Floyd at the hands of Minneapolis police has once again put the spotlight on the operational methodology of the police department at different cities around the USA. There is a chorus across the country, more so in the Democratic Party strongholds to do fundamental reorganization of the police force by focussing on community policing. Some of the extreme and radical activists have gone so far to demand “defund the police” and re-distribute its budget to marginalized communities, municipal corporations and necessity institutions.

“There is no magic switch to turn off and boom there’s no police department,” said Alex Vitale, a sociology professor at Brooklyn College. She released a book named ‘The End of Policing’. The book has become a manifesto for protests and police-reform advocates. The defund development calls for diminishing networks' dependence on police for various administrative problems like, observing the homeless, settling household quarrels, restraining understudies, reacting to upheavals by individuals with mental illness, paring down violence in neighbourhoods, and proportional reaction to minor inconveniences like somebody attempting to pass a fake $20, the allegation that set off the police call that resulted in Floyd's demise. The funds saved by reducing the workload of police could be utilised by social and community workers to resolve street feuds. “When we talk about de-funding the police, what we're saying is invest in the resources that our communities need,” Black Lives Matter co-founder Alicia Garza told NBC News.

There are cities which have approached this reform in a positive manner. New York Mayor Bill de Blasio has decided to shift the money from NYPD budget to youth recreational programs. A whopping $150 million is being pulled out of the LAPD by Los Angeles Mayor Eric Garcetti. This money is proposed to be invested in healthcare systems and build peace centres. Similarly Portland and Oregon have consented to pull police from state funded schools. A few Minneapolis organizations, including the government funded school region, the University of Minnesota and the Park and Recreation Board, have moved to diminish or end their agreements with city police.

Dallas has earlier experienced the positive results of diverting emergency mental health calls, not only on hospitals but also police to non-police establishment when in 2018 RIGHT Care  was provided $3 million funding to look after these issues. Since the program started, ambulances and emergency vehicle calls for individuals encountering emotional wellness inconveniences have declined in the south-local region of Dallas where the program works, which has opened up officials to manage different calls, authorities said. This transition was also done after the outcry over the shooting of a schizophrenic man holding a screwdriver in 2014 and subsequent defence of police personnel by the police boss David Brown.

Law enforcement officials and conservative activists believe that de-funding police would lead to an upsurge in criminal activities. President Donald Trump has started making this as a key plank of his re-election campaign while the Former Vice President Joe Biden, who is running against Trump, also came out against de-funding police.

It is therefore too early to predict whether the current phase of “Black Lives Movement” after the death of George Floyd will be successful in bringing some substantial reform in the working of police forces across the cities of the US or the momentum will be lost with some incremental tweaking here and there.  

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