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 4:57 PM

Have the French finally started talking about the racism in their country?

France, which boasts about being a color-blind nation, isn’t truly what it asserts. For a non-white citizen living in France, being subjected to bias and ethnic profiling at the hands of some insensitive police officers is a real possibility.

Structural and institutional racism is evident in France, where children as young as 10 years old have to routinely endure police stops, even without being suspicious of any illegal activity. These unlawful stops often involve humiliating body pat-downs and searches of personal belongings are   usually left unrecorded by any agency.  

A speaker at the French media coverage of the Middle East at the Alliance Française in Beverly Hills, Slimane Zeghidour, in an interview with the ‘French Morning’ agency said that, “there is a very strong prejudice of class that is translated to a stigmatization of people”, adding that these targeted people are mainly immigrants from Maghreb or Africa.

The brutal killing of George Floyd in the US kicked off huge protests against the institutionalized racism in France as well. Hundreds of people protested at the Presidential Palace in Paris while 2500 people attended a rally in Lille, 1800 in Marseille, and 1200 in Lyon displaying  placards similar to those in the US – ‘Black lives matter’ and ‘I can’t breathe’.

Alongwith protesting the death of George Floyd, people in France also drew the attention to the murder of a 24-year old black man Adama Traoré in police custody in July 2016 in their own country. The police officers involved in this incident were exonerated which triggered mass protests at that time in France.

Such blatant racism and ethnic prejudice is the result of a sense of supremacy ingrained in the collective psyche of white citizens who constitute the overwhelming majority in France. Instead of acknowledging their racial bias, a large section of whites have started blaming the minorities as the cause of their economic and cultural problems.

When a black national icon of France, Lilian Thuram, the most capped player in the history of the French national team, spoke about the racism incident in a football match in Italy, it caused a massive storm in France.

Thuram said, it is not the world of football that is racist, but "Italian, French, European and, more generally, white culture" is racist. He further stated that "Whites have decided they are superior to blacks and that they can do anything with them," and “It is something that has been going on for centuries unfortunately and to change a culture is not easy."

Thurham was highly criticized and branded ‘anti-white racists’ by the far-right extremists and their sympathetic journalists. This criticism later expanded in the mainstream media as well.

Not only the far-right extremists, even the government flatly denies the existence of extreme violence and institutional discrimination in France.

“I don’t believe we can say that France is a racist country,” says Sibeth Ndiaye, a French Government spokesperson to the journalists after a cabinet meeting, when people took to streets in June 2020, all the while justifying that France cannot be compared with the USA.

Well, with fueling protests and awareness, things are slowly changing and the taboo around race and white supremacy is losing its grip. People have gradually started to acknowledge their identity as ‘white’ or ‘black’ and the mainstream media is now talking about race.

As Mr. Fassin, a sociology professor at the University of Paris says, “My hope is we'll realize that talking about race isn't against democracy but rather about democracy”, he reflects optimism for a better tomorrow.

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