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 4:37 PM

How the conservatives and white supremacists responded to “Black Lives Matter” movement

The civil rights movement in America labelled “Black Lives Matter”, which erupted after the murder of George Floyd by a uniformed officer has been going in full swing. The event of Floyd’s death triggered a mass reaction against the state violence in which black people are abused without any accountability on the police’s part. A few of the protests have been demanding the defunding of the police department, that the police force should be dissolved.

Many protests are peaceful protests, but there have been instances in which the protestors use violence to express their sentiment. Such protests have received a lot of backlash; Donald Trump, the president, said that “these THUGS are dishonouring the memory of George Floyd” and that “when the looting starts, the shooting starts”. He also mentioned that he would send the National Guard to “get the job done right”, in context of his perceived lack of leadership in Minneapolis where Floyd was killed, and consequently, where the protests were taking place. The tweet with the slogan “When the looting starts, the shooting starts” has since been censored by twitter, which gave birth to another controversy.

Trump also blames the riots on Antifa, which is a terrorist organisation according to him, the name of which stands as a short form of anti-fascist. The organisation is a group of leftist activists who protest against an expression of what they find xenophobic, racist or sexist and fascist, claiming that such expression would suppress minority voices. There is no defined hierarchy or membership process, though it has been claimed by the group that it is secretive and is organised into autonomous local cells. In some reports, though, it is categorised as a far left militant organisation which believes in direct action rather than peaceful protests.

The police force in Minnesota believes that there are white supremacists attending the protests to agitate the protests and incite chaos. The Brookings Institution characterized the same as accelerationism, in which people incite chaos to destroy social order, so that in a highly polarized society, people would take their side. In the same vein, it has been reported that a white supremacist channel on Telegram incited followers to engage in violence and start a second civil war by shooting into the crowd. Franklin Graham, an evangelical pastor, has said that the idea of dismantling the police departments “has to be one of the most irresponsible ideas” that he’s ever heard. He says that the police are what stand between “us (the citizens) and total anarchy”.

An UK Member of Parliament told one of his constituents that while racism is a cancer, and I am glad the perpetrator is on a murder charge. Nevertheless, looters, arsonists and rioters have it coming.” While a number of celebrities have been showing support for the Black Lives Matter protests, the former Miss Universe Malaysia Samantha Katie James used instagram stories to say that the protesters who are angry over the murder of George Floyd are “foolish humans”, and that the black people chose to be born as colored people in America. She also said that the brutality should be taken as a challenge and that “the whites have won”. When asked to clarify what she meant by saying that the Black community chose to be born as coloured, she said that their soul chose where and how they were born.

The people are responding in many different ways to the news. On a Brietbart report on Samuel L. Jackson expressing his views in support of the protests, there have been comments which say that “Floyd was a criminal and he was high on drugs and that he was not killed by asphyxiation he had a heart condition.”(sic) or “When da White people start rioting? We are still the majority, and it would really stir up the fudge. These a****ts think they are getting away with something, but only because the silent majority has yet to speak… and act.” (sic).

It seems that George Floyd’s unfortunate death has brought out not just the simmering anger of the long black community in open but also unmasked the outright white supremacists as well as their apologists.

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