Vietnam capable of overcoming unprecedented Covid-19 crisis: ADB
Most countries that fended off the first Covid-19 wave and reopened their economies such as South Korea, Japan, and Vietnam, are now facing a second wave.
Most countries that fended off the first Covid-19 wave and reopened their economies such as South Korea, Japan, and Vietnam, are now facing a second wave.
Developing a vaccine for Covid-19 within one year is a herculean task. Getting the vaccine to the hundreds of millions if not billions of people who need it—especially in poorer countries—may be even harder.
In Vietnam, the largest youth job losses are seen in the textile industry with 15% of total, followed by hospitality & catering services, and agriculture.
The pandemic has highlighted the importance of technology in managing the crisis. Public-private partnerships, coupled with global cooperation, could help us explore technological solutions beyond the earth.
Foreign contractors will play an increasingly important role over the next decade, as the new PPP Law signals the government’s intention to attract more private sector investments.
To mitigate the damage, governments should focus on containing the pandemic, helping families and supporting businesses.
Promoting domestic travel and using “travel bubbles” will help throw a lifeline to the region's struggling tourism industry.
As a result of the pandemic, fewer people are using cash and more have moved to a variety of digital payment options. But don’t count cash out yet.
Researchers are finding new uses for artificial intelligence and machine learning during the pandemic, but they are not a silver bullet.
Governments and the private sector are working together in Asia and the Pacific to chart a path toward re-opening businesses during the midst of the pandemic.