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COVID-19 Updates (October 15): VN’s COVID-19 control fuels economic growth, said expert

10:02 | 15/10/2020

Vietnam’s containing of the COVID-19 pandemic allowed the quick reopening of local businesses, and the country is now expected to be the world’s fastest growing economy in 2020, said Ruchir Sharma, the chief global strategist at Morgan Stanley Investment Management.

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covid 19 updates october 15 vns covid 19 control fuels economic growth said expert
No new community cases, 1029 patients cured. (Photo: VNA)

No new community cases, 1,029 patients cured

As of 6 am on October 15, according to the news from the National Standing Committee for COVID-19 Control and Prevention, Vietnam had gone through another 12 hours of community-cases-free. However, in the last 24 hours, the country recorded 9 imported cases, all Indian experts entering Vietnam on Oct. 6 and were quarantined and monitored in Dong Thap.

So far, the country has recorded a total of 1,122 cases of COVID-19, among which 1,029 patients are cured. Currently, as many as 13.658 are under quarantine for having close contact with or passing through pandemic regions.

covid 19 updates october 15 vns covid 19 control fuels economic growth said expert
Digital economy and fintech see growth amid COVID-19. (Photo: MOMO)

Digital economy and fintech see growth amid COVID-19

The Prime Minister’s Economic Advisory Group met with local fintech firm MoMo in Ho Chi Minh City early this week. Nguyen Ba Diep, co-founder and vice president of the firm, said: “The number of e-wallet users is growing fast after the pandemic, due to the popularity of contactless payments.”

The representative also said: "The pandemic has accelerated digital transactions in the country and helped the local electronic wallet market to grow." Earlier, at a national seminar on the digital economy in Vietnam, Tran Thi Lan Huong, senior public administration expert from the World Bank, said: “Six out of ten of the largest enterprises in the world today are specializing in digital and data technologies. The figure shows great opportunities and potentials for fintech businesses in Vietnam.”

According to forecasts, the digital economy in Vietnam is likely to reach 43 billion USD by 2025. Hanoi and HCM City were also rated among seven major cities with fast digital economic development in the Southeast Asian region.

covid 19 updates october 15 vns covid 19 control fuels economic growth said expert
Ruchir Sharma, the chief global strategist at Morgan Stanley Investment Management. (Photo: Bloomberg)

Vietnam’s COVID-19 control fuels economic growth said the expert

Vietnam’s containing of the COVID-19 pandemic allowed the quick reopening of local businesses, and the country is now expected to be the world’s fastest-growing economy in 2020, said Ruchir Sharma, the chief global strategist at Morgan Stanley Investment Management.

Sharma made the statement in his article, titled “Is Vietnam the Next ‘Asian Miracle’?” published by the New York Times on October 13. According to the article, within days following China’s announcement of its first COVID-19 case, Vietnam mobilized different resources to stop the spread of the coronavirus. Rapid isolation of outbreaks has kept Vietnam’s death rate among the four lowest in the world, it said.

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. Its growth is driven by a record trade surplus, despite the collapse in global trade.

covid 19 updates october 15 vns covid 19 control fuels economic growth said expert
Exhibition on COVID-19 to open in Da Nang next week. (Photo: Vietnam Plus)

Exhibition on COVID-19 to open in Da Nang next week

A collection of 120 paintings and photos on the fights against COVID-19 will be displayed at an exhibition at the Fine Arts Museum in the central city of Da Nang on October 19-25. The exhibition, entitled: Da Nang – on the frontline against COVID-19, will also include 25 paintings by 16 children, according to the event’s organizing board.

The museum said the exhibition includes works from 106 painters and photographers from 11 cities and provinces, featuring activities and efforts by local people and doctors in the fight against COVID-19.

According to the organizing board, two first prizes, four runner-up awards with six third prizes will be presented for artists at the exhibition. Selected paintings and photos will also receive 10 encouragement prizes from the exhibition.

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