WB economist calls Vietnam ‘a bright star’ in COVID-19 fight
In his blog published on the World Bank website in late May, Jacques Morisset, World Bank Lead Economist and Program Leader for Vietnam, has called the country ‘a bright star in the COVID-19 dark sky’.
Streets in Hanoi have become crowded again after the Government eased social distancing measures in late April, 2020. (Photo: VNA)
Hanoi (VNA) – In his blog published on the WorldBank website in late May, Jacques Morisset, World Bank Lead Economist andProgram Leader for Vietnam, has called the country ‘a bright star in theCOVID-19 dark sky’.
Based on a series of statistics including the local GDPstill expanding 3.8 percent in the first quarter of 2020, the economist realisedthe Vietnamese economy has been “extremely resilient during these unusual roughtime.”
He attributed the reasons behind the success to theGovernment’s smart policies, saying: “The quality of the Vietnamesegovernment’s COVID-19 response has been a combination of foresight andpragmatism.”
In conclusion, he wrote: “In the face of adversity, Vietnamhas been able to tap a long tradition of preparing for the worst while stayingflexible to adopt crucial reforms and transition toward the new normal. Thiscombination of foresight and pragmatism has been applied in the COVID-19 crisiswith considerable success.”
Morisset also said he hopes that such experience “can helpother countries that have been much less well-prepared for the crisis.”
Vietnam recorded no COVID-19 cases on June 2 morning,marking 47 days in a row without new infections in the community, according tothe National Steering Committee for COVID-19 Prevention and Control./.
GAVI, an international organisation that works to improve access to new and underused vaccines for children in the world's poorest countries, has published an article on its website gavi.org, highlighting the four ways Vietnam has managed to control the COVID-19 pandemic.
Canada’s Globe and Mail newswire on May 27 ran an article saying that Vietnam’s COVID-19 fighting record will stand out as a remarkable, perhaps unique, achievement, calling the country as a standard in the fight.
Santo Akiko, President of the House of Councillors of Japan, on May 29 praised Vietnam’s impressive achievements in preventing and fighting the COVID-19 and highlighted the important role played by the Vietnamese National Assembly in the combat.
Germany’s Marzahn-hellersdorf portal has run an article pointing to factors that contributed to Vietnam’s success in its battle against COVID-19, which include early action, contact tracing, and communications.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Streets in Hanoi have become crowded again after the Government eased social distancing measures in late April, 2020. (Photo: VNA) 
