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Oxalis, the only private company licensed to explore and conduct adventure tours in the central province, welcomed 6,000 Vietnamese nationals last year, increasing thrice against the previous years. The total number of cavers, however, was down 50 percent from the previous year to 7,000 as inbound tourism plunged due to travel restrictions. Of the 7,000 visitors, 1,000 were foreign cavers who had entered Vietnam prior to the government halting international flights in late March last year to curb the spread of the coronavirus. Nguyen Chau A, CEO of Oxalis, said the company, with about 500 employees, focuses exclusively on adventure tours to explore caves in Quang Binh, including Son Doong, the world's largest cave, and Tu Lan. With international flights and foreigner entry remaining suspended except for special cases , local businesses are focusing on boosting domestic tourism. Currently, around 185 slots remain available to tour Son Doong in 2021, and 287 Tu Lan tours are up for grabs, according to Oxalis. Son Doong opened to tourists in 2013. It comprises at least 150 individual caves, a dense subterranean jungle and several underground rivers. British magazine Conde Nast Traveler named Son Doong one of seven must-explore wonders of 2020. Tu Lan, a popular setting for film shoots, was discovered in 2010, with two entrances stretching 2.2 kilometers. Tourists usually explore Tu Lan along with other caves in the system, including Chuot, Hung Ton, Ken, and Kim. To ensure safety, the company does not receive visitors from pandemic-hit areas as recommended by the Ministry of Health. Cavers joining the tour are required to submit medical declarations. Vietnam has recorded 831 Covid-19 community transmission cases in 13 localities, including Hanoi and Ho Chi Minh City, since Jan. 28 when its latest outbreak began after a 55-day clean streak. …

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Coteccons Construction Joint Stock Company and the Bank for Investment and Development of Vietnam have already registered to purchase tens of thousands of doses which would be distributed among their employees and family members, according to a reports thanhnien.vn. Dat Xanh Group, a real estate developer, has also announced plans to fund inoculations for over 7,300 employees working at 68 of its affiliates nationwide. Furthermore, Phu Nhuan Jewelry, one of the country’s leading gold and gem stone firms, has agreed to purchase COVID-19 vaccines for staff members. It has also raised a total of VND270 million in support of the free vaccination campaign for groups of underprivileged people in society, including the poor. Meanwhile, the Canada International School Vietnam has also decided to allocate a fund of VND3 billion for its immunisation campaign in an effort to vaccinate its teachers and staff, as well as the parents of students, providing the conditions allow. Despite this initial interest, the Vietnam Vaccine Joint Stock Company (VNVC), the only agency assigned by the Ministry of Health to receive, preserve, and distribute COVID-19 vaccines domestically, has said due to limited supplies, imported vaccines will be available for priority groups first. Specifically, frontline healthcare workers would be at the head of the queue. Vaccination inoculations will be regulated by the Government, according to a VNVC representative. Vietnam imported its first batch of more than 117,000 doses of the AstraZeneca vaccine on February 24. The Ministry of Health (MoH) subsequently published a list of 11 groups of people that will benefit from the vaccination campaign, with priority to be given to frontline healthcare workers, soldiers, border forces, policemen, and those on duty in isolation areas and quarantine facilities. The MoH is currently considering licensing two additional COVID-19 vaccines produced by Moderna of the United States and Generium of …

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Dr. Craig Emerson, director of the Australian APEC Study Centre Vietnam’s success in containing COVID-19 with minimal economic fallout compared to other nations has improved its already-strong reputation for competent governance. The government has been liberalising Vietnam’s economy for decades and is now reaping the benefits of rapid growth. Vietnam has stood to gain from the recent US-China trade conflict with many companies relocating at least some of their production facilities there. Vietnam is also rapidly adopting digital technologies to deploy automation, smart manufacturing, and big data analytics. Competent economic management, consistent reforms, swift digital uptake, and effective COVID-19 containment make Vietnam a very attractive destination for trade and investment in 2021 and beyond. Economically, Vietnam is becoming a manufacturing powerhouse, particularly for electronics and apparel. It is also becoming a focal point for regional value chains with preferential access through free trade agreements (FTAs). It has taken up trade deal commitments and accepted assistance to develop the institutional and regulatory environment, infrastructure, and facilitation to attract investment. The country is also actively working on non-tariff barriers to trade including intellectual property protection, food safety regulations, restrictions on the internet and digital economy, and other governance issues to accelerate the absorption of investment. Vietnam needs to be considered in terms of its unique qualities and context. It is following its own development path in a new time, with different conditions, drivers, and realities. Comparisons can be made to Japan with its appreciation of tradition; to Singapore with its open trade policies and architecture; China’s southern Guangdong province in population scale and economic activity; and Indonesia in terms of benefits from a demographic dividend. Vietnam has a web of FTAs that make it a strategic …

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