Despite the negative impacts of the ongoing coronavirus pandemic, the Vietnamese economy under sturdy policies from the government will have numerous opportunities to move forwards strongly. Asian Development Bank country director for Vietnam Eric Sidgwick provides insight on the country's efforts to regain its growth momentum after the pandemic. Asian Development Bank country director for Vietnam Eric Sidgwick I would like to extend congratulations to the Vietnamese government and people on their timely and effective actions against the COVID-19 pandemic. Though being a developing nation facing numerous difficulties, Vietnam has become a role model for the whole world in effectively fighting against the disease. The outbreak has imposed far-reaching negative impacts on almost all nations in the world. All socio-economic, trade, and service activities have to be restricted as many nations have to declare emergency and apply social distancing policies in a bid to restrain the pandemic spread. Many economic experts have said that the pandemic has caused losses that are far greater than those induced by the global financial crisis happening more than a decade ago. COVID-19 may throw economies into recession. Regionally, it has been inflicting a significant impact on developing Asian economies including Vietnam through numerous channels,… Read full this story
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