Is Vietnam the Next Asian Miracle?
Within days of China’s announcing the first case of Covid-19, Vietnam was mobilizing to stop the spread of the coronavirus. Using mass texts, TV ads, billboards, posters and loudspeakers, the government exhorted the nation’s 100 million citizens to identify carriers and trace contacts, contacts of contacts, even contacts of contacts of contacts. Rapid isolation of outbreaks has kept Vietnam’s death rate among the four lowest in the world — well under one death per million people.
Containing the pandemic allowed Vietnam to quickly reopen businesses, and it is now expected to be the world’s fastest growing economy this year. While many nations are suffering enormous economic contractions and running to the International Monetary Fund for financial rescues, Vietnam is growing at a 3 percent annual pace. Even more impressive, its …continued .
[Source: New York Times]