Vietnam’s experiences with fighting the COVID-19 pandemic has been highlighted not only as a success story but a good model. It pursued an aggressive containment policy, rigorous contact tracing procedures and effective quarantine regimes. It successfully contained the three waves of the Pandemic that infected 9,635 Vietnamese people including 55 deaths and 3636 have recovered since February 2020. The majority of these have occurred from April to June 2021. Besides, effective public communications and awareness campaign, and availability of testing kits were instrumental in limiting the spread of the virus.
However, Vietnam is now witnessing the Fourth Wave which has impacted at least three major cities and some provinces. Perhaps the most worrying part of this wave is that new variants of the Coronavirus are being detected among people. This variant is known to spread more quickly especially in areas where there is a high concentration of people such as industrial parks.
Given the severity of the Fourth Wave of Covid-19, there is visible concern among the political leadership, and Prime Minister Pham Minh Chinh has called upon the entire political machinery and Vietnamese people to take extreme steps to “fighting the pandemic” similar to situations where they would be fighting an enemy. Prime Minister Chinh did not shy away from warning the people that any deliberate attempts to disregard “national regulations on pandemic prevention and therefore, spread the virus to the communities, against the joint efforts of the whole nation and people, should be strictly punished.”
It is now widely accepted that vaccine production is both technology-intensive and cannot be developed overnight. While the developing countries led by India and South Africa have been pushing for waving off Trade Related Intellectual Property Rights (TRIPS) protection for COVID-19 vaccines, and have been supported by the U.S. and EU at the World Trade Organization, yet countries must build national capacities to produce vaccines. In this context, the Vietnamese government hopes to not only buy COVID-19 vaccines but set up a production plant and supply to other needy countries.
There are four vaccines under development in Vietnam at (a) Nanogen Pharmaceutical Biotechnology JSC; (b) Institute of Vaccines and Medical Biologicals; (c) Vaccine and Biological Production Company No 1’ and (d) Polyvac. The Vietnam Military Medical University is actively participating in COVID-19 vaccine development at home.
Vietnam is also has a forward-looking vaccine import strategy pivoting on “patent-based production and local research and production”. This, it is believed would help the country achieve “herd immunity in late 2021 or mid-2022”. This strategy is significant given that Vietnam has nearly 100 million people including children who would require COVID-19 vaccination. Nearly 30 million doses were acquired from the British-Swedish AstraZeneca vaccine and the vaccination programme started in March 2021. There are plans to acquire 20 million Russian Sputnik V vaccines; may buy 5 million doses from Moderna and 31 million from Pfizer. Meanwhile, Vietnam has also approved China’s Sinopharm for emergency use. Also, homegrown vaccines are expected to fill in the gap of 30 million doses.
Similarly, vaccine production infrastructure is a financially demanding activity. The Vietnamese government plans to apportion VND 16 trillion for the vaccination program. It plans to procure 150 million doses of vaccines in 2021 to cover 70 per cent of its population and this is estimated to cost VND25.2 trillion ($1 billion). In June 2021, the government launched the Fund for Vaccination and Prevention of Coronavirus Disease 2019.
As per the Finance Ministry’s state budget department, in “addition to the [public] budget, it is necessary to mobilize more resources from the voluntary contributions of domestic and foreign organizations and individuals, to join with the state,” During a live broadcast to launch the campaign for public participation in raising funds to acquire/locally produce Covid-19 vaccine, Prime Minister Pham Minh Chinh called on the Vietnamese people to financially support a mass vaccination roll-out. This call has attracted a positive response and several companies, organizations and individuals have come forward. According to the Ministry of Finance, as of 05 June 2021, i.e., ten days since the announcement of the fund, as many as 950 organizations and more than 124,600 individuals had contributed VND 928 billion ($40.2 million). Besides domestic contributors, several foreign companies such as Hanwha Life Insurance and Daewoo of South Korea, Japan’s Tokio Marine and Taiwanese insurer Cathay Life have announced contributions. Minister of Finance Ho Duc Phoc has underscored transparency in the management of the fund and stated that his ministry is “committed to using this fund publicly and transparently,”
Vietnam’s preference to import as also set up domestic infrastructure to set up production are indeed noteworthy; however, the challenge would be to run an accelerated mass vaccination program and achieve a high degree of herd immunity.
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