Economists and business owners are cautiously optimistic that Southeast Asian countries can avoid severe manufacturing shutdowns as the Omicron variant spreads globally
Today the vaccine gap between the U.S. and Vietnam has all but vanished. Around 55% of Vietnamese are fully vaccinated, compared with 59% of Americans. About 75% of Vietnamese are at least partly vaccinated, compared with 71% of Americans. Covid-19 deaths in Vietnam have been averaging around 150 a day in recent weeks, about half the level as early September.strangled key manufacturing sectors
Tan Thian Poh, a Malaysian factory owner and the chairman of a garment industry association, said he thought the current high vaccination rate meant it was unlikely that Malaysia’s government would impose large-scale shutdowns. “We can’t afford another lockdown,” he said. In Vietnam, businesses are worried that migrant workers who returned to their rural villages during the height of the summer pandemic will be less likely to return to their urban factory jobs if the new variant causes a further increase in cases, or that the government could tighten domestic travel restrictions.
Mr. Moreno, of the American Chamber of Commerce in Vietnam, said the new variant doesn’t seem to have yet pushed the government to take a harder-line approach. But that could change, he said, if there is a rise in the number of people in critical care or dying of Covid-19.
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