Covid's Delta variant dents Vietnam’s economic growth

Southeast Asia is suffering from its worst wave of Covid infections since the pandemic began. And with just 3% of its population vaccinated, Vietnam's economy is in the firing line.

Ha Long Bay in Vietnam
The economy remains a regional outperformer
(Image credit: © Getty Images/iStockphoto)

For much of the pandemic, “the globe marvelled” at Vietnam’s “incredibly low Covid-19 infection numbers and negligible death rate”, says William Pesek in Nikkei Asia. Yet governments across Southeast Asia became complacent, assuming that “large-scale vaccination… could wait”. Now, thanks to the Delta strain of Covid-19, the region is suffering from its worst wave of the disease since the pandemic began. Less than 3% of Vietnam’s population is fully vaccinated; much of the country has been placed in lockdown.

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Markets editor

Alex is an investment writer who has been contributing to MoneyWeek since 2015. He has been the magazine’s markets editor since 2019. 

Alex has a passion for demystifying the often arcane world of finance for a general readership. While financial media tends to focus compulsively on the latest trend, the best opportunities can lie forgotten elsewhere. 

He is especially interested in European equities – where his fluent French helps him to cover the continent’s largest bourse – and emerging markets, where his experience living in Beijing, and conversational Chinese, prove useful. 

Hailing from Leeds, he studied Philosophy, Politics and Economics at the University of Oxford. He also holds a Master of Public Health from the University of Manchester.