Is Vietnamâs economy recovering from COVID-19? Ask female entrepreneurs 10:10 | 19/01/2021
By Donald Lambert-Principal private sector development specialist Asian Development Bank
Policymakers, however, must consider if the economy needs further stimulus. Based on conventional measures, probably not. The economy is expected to bounce back strongly in 2021 with the Asian Development Bank (ADB) forecasting an expansion of 6.1 per cent, which is broadly comparable to Vietnamâs recent growth rates. With the General Statistics Office reporting unemployment at 2.5 per cent as of September 2020, the labour market seems strong.
Traditional metrics like GDP and unemployment, however, may overlook and even contribute to inequalities. If the overall picture is strong, then governments may elect to forego additional support even though certain groups may be lost in the statistical shuffle. In response, some economists have proposed more targeted met
Wednesday, December 23, 2020, 13:39 GMT+7
This supplied photo shows Governor of the State Bank of Vietnam Nguyen Thi Hong (L) posing alongside Andrew Jeffries, ADB’s country director for Vietnam, during a ceremony to sign an agreement to provide US$5 million for Vietnamese women-led small and medium-sized enterprises in Hanoi, December 22, 2020.
The Vietnamese government and the Asian Development Bank (ADB) on Tuesday entered into a deal to provide a US$5 million grant, sourced from the Women Entrepreneurs Finance Initiative (We-Fi), for Vietnamese women-led small and medium-sized enterprises (WSMEs) whose access to finance has been weakened because of the COVID-19 pandemic.
Governor of the State Bank of Vietnam Nguyen Thi Hong represented the government to sign the agreement with Andrew Jeffries, ADB’s country director for Vietnam, in Hanoi.
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