VNExpress-Aug 22

Vietnam can afford more direct Covid-19 relief, and it should speed up the process and avoid scrimping in fighting the pandemic, experts say. On August 16, soon after the HCMC government announced the extension the social distancing for another month until September 15, hundreds of migrant workers tried to return to their hometowns on motorbikes, but they were blocked at Covid-19 checkpoints and forced to go back as authorities feared many would carry and spread the virus.

Many of the migrant workers have been stuck in HCMC without financial resources to overcome the current crisis. Adam McCarty, chief economist, Mekong Economics Ltd., a consulting firm active in the Greater Mekong sub-region, said the Vietnamese government can and should quickly provide cash to people affected by Covid-19 through grassroots administrative units. McCarty said Vietnam has solid revenues and the budget deficit as a percentage of GDP is not too high. The country has not done the huge spending that many other countries have done. Therefore, it is the time for the government to spend a serious amount of its own money, helping people who have lost their jobs. “Vietnam can afford it.”

Read more at: https://e.vnexpress.net/news/news/give-cash-and-give-it-soon-vietnam-can-afford-it-4342849.html