A nurse prepares to vaccinate healthcare workers against COVID-19 at Gleneagles hospital in Singapore. Source: Reuters
Market Herald logo


Be the first with the news that moves the market
  • Singapore becomes the first country to fully vaccinate 80 per cent of its population against COVID-19
  • The vaccination milestone is one of the criteria to move to the second phase of the country’s four-stage plan for reopening its economy
  • The ‘Transition Stage A’ phase will allow for larger events and less strict border controls
  • Prime Minister Lee Hsien Loong says the virus will become “endemic” but through vaccinations and precautions Singapore can also be “COVID resilient”

Singapore has hit a major COVID-19 vaccination milestone, becoming the first country to fully inoculate 80 per cent of its population. 

Some 4.4 million people in the country of 5.7 million have now had two doses of the Pfizer-BioNTech or Moderna vaccines. 

Health Minister Ong Ye Kung announced the milestone on Facebook.

“It is the result of the collective effort of many people working behind the scenes, and the people of Singapore coming forward to take care of themselves and the people around them.”

The minister also highlighted a mobile vaccination campaign which has enabled 4300 people over the age of 60 to get their jabs at home, is expected to be completed by the end of September.

What next?

The 80 per cent milestone is one of the criteria for Singapore to move to the second phase of the country’s four-stage plan for reopening its economy, as outlined by Finance Minister Lawrence Wong earlier in August. 

Other criteria to move to the ‘Transition Stage A’ phase – which would allow for larger events and less strict border controls – include a high vaccination rate, and a stable overall situation. 

Singapore’s Prime Minister, Lee Hsien Loong also spoke on Sunday at the National day rally about the country’s preparations for COVID-19 to become “endemic”. 

“The Delta variant is much more infectious. It is no longer possible to bring COVID-19 cases down to zero, even if we lock down for a long time. Therefore, we must prepare for COVID-19 to become endemic, like the flu or chicken pox.”

“Fortunately, with vaccination and added precautions, we can live with the virus and become ‘COVID resilient’. We may have to tap on the brakes from time to time, but we want to avoid having to slam on the brakes hard. So in the next phase, we will move step by step. Not in one big bang like in some countries but cautiously and progressively, feeling our way forward,” he added.

During the pandemic, Singapore experienced its worst economic crisis since independence in 1965. Speaking on the country’s economic recovery, Prime Minister Lee said it was now time to shift gear.

“It is no longer about drawing down reserves to keep ourselves on life support. It is about generating new growth, new jobs, and prosperity for the future.”

“Beyond this year, to sustain longer term growth, we need to do three things: Preserve our status as a business hub, attract more foreign investments and grow Singapore companies and entrepreneurs.”

How are other countries tracking?

Other countries – like Australia – are also eyeing the 80 per cent vaccination mark as part of their economic reopening plans.  

The United Arab Emirates, Uruguay and Chile, have fully inoculated more than 70 per cent of their populations.

In Australia, 34.2 per cent of people over the age of 16 have been fully vaccinated, and 57.5 per cent have had at least one done (as of August 28, 2021) according to the Australian Government Department of Health.

More From The Market Herald

" More than 100 global leaders pledge to end deforestation by 2030

At the COP26 climate talks in Glasgow on Monday, more than 100 global leaders pledged to halt and reverse deforestation and land degradation

" China and US pledge to tackle climate change in joint statement

The United States and China, the world’s two major carbon dioxide polluters, announced a commitment to increase cooperation in combating climate change, particularly

" Robinhood says details of 7 million users exposed in major security breach

Trading platform Robinhood Markets said on Monday a third party had gained access to the personal details of roughly seven million users but

" Obama urges COP26 to help developing nations, scolds China and Russia over climate inaction

On Monday, Former US President Barack Obama called on rich nations to end a years-long stalemate with developing countries over cash for climate