Vietnam needs to speed up fiscal support: experts

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A worker is seen at a construction site in Ho Chi Minh City in July 2021. Photo by VnExpress/Quynh Tran

 

Vietnam needs to speedily reboot its economy with focus on fiscal policy to catch up with other countries following the Covid-19 blow.

 

Some countries have reached the end of the road in their recovery process while Vietnam is only half way and its authorities are set to face pressure in inflation and currency in the near future, said economist Le Xuan Nghia at a forum Tuesday.

 

Nguyen Minh Cuong, principal country economist of Asian Development Bank, said Vietnam is still tip toeing in its fiscal policy compared to other Asian countries.

 

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