Major fiscal policies needed soon for economic recovery

At the “Economic recovery and development post-Covid-19, international experiences and lessons for Vietnam” event organized by the Asian Development Bank (ADB), Mr. Nguyen Minh Cuong, ADB Chief Economist in Vietnam, said that although there is still fiscal space for implementing a bailout and economic recovery, Vietnam may not have much time. As other countries have entered into a recovery cycle, it will be too late if Vietnam only now begins to introduce and implement major fiscal policies.