Adapting Flexibly to COVID-19 and Rebooting Production

Resolution No 128 from the Government on safely and flexibly adapting to the COVID-19 pandemic is gradually coming to life and encouraging signs are being seen. How best to implement the resolution into the future is now a matter of great concern.

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In relation to the implementation of the resolution, there is considerable variation in the level of flexibility among different localities and ministries, which is influenced by various factors.

During the fourth pandemic outbreak, the economy responded cautiously with some businesses choosing to suspend operations due to safety concerns and others being forced to close as they were unable to meet health sector requirements. This is currently a matter of concern for many individuals.

Since the implementation of the resolution over three weeks ago, the socio-economic situation in October has shown several positive changes. Confidence in the resilience of the economy has been strengthened among the general population, businesses, and investors.

Economic analysts unanimously agree that the Government has responded promptly and flexibly, transitioning from a “Zero COVID-19” policy to safely and flexibly adapting to the pandemic. At the same time, suggestions have been made regarding “maintaining macro stability”, creating job opportunities, and stimulating economic growth in the country. Consensus among the population and the business community is of utmost importance.

According to a report from the Ministry of Planning and Investment, the number of businesses resuming operations in October increased by 29.8% compared to September, and over 75% of workers returned to major cities and industrial parks. This has alleviated the labor shortage pressure faced by enterprises. Export turnover in October also saw a 6.4% increase compared to September, and trade experienced a surplus after several months of deficit./.

VNA