Southeast Asia needs cooperation for post-COVID-19 recovery: ADB President
Masatsugu Asakawa, President of the Asian Development Bank (Photo: ADB)
Southeast Asia’s recovery from the COVID-19 pandemic can best be achieved by all sides involved working together and closely collaborating to address challenges before them, said Masatsugu Asakawa, President of the Asian Development Bank (ADB).Asakawa made his statement at the ADB's Southeast Asia Development Symposium 2021, themed “Innovation through Collaboration: Planning for Inclusive Post-COVID-19 Recovery”, which took place virtually on March 17.
In his speech, the president noted: “The COVID-19 pandemic presents an opportunity to rebuild our economy and society with more resilient and sustainable infrastructure. It has opened up new ways of doing business in many sectors.”
He said the three areas critical to a strong recovery consist of green recovery, big data, and domestic resource mobilisation.
According to him, the ADB estimates that green growth interventions could generate over 30 million jobs in Southeast Asia by 2030. Meanwhile, regional countries can capitalise on this digital transformation opportunities by making better use of big data to transform key government sectors such as healthcare, social protection, and education, allowing for more effective service delivery. Governments and the private sector can also leverage big data for better supply chain management across Southeast Asia.
Domestic resource mobilisation not only helps secure sufficient funding but also creates positive conditions to spark greener and more inclusive recovery, added Asakawa.
He concluded that all measures mentioned above require knowledge sharing and collaboration.
The two-day symposium gathered more than 3,400 participants from governments, the private sector, academia, think tanks, and NGOs from over 100 countries and territories.
The ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members – 49 from the region./.
Related News
President of Belgian Senate to pay official visit to Vietnam
13:44 | 18/08/2023 Headlines
President Vo Van Thuong meets Italian Prime Minister in Rome
14:29 | 27/07/2023 Headlines
President’s Italy visit to set new ambitions for the future: Italian Ambassador
14:22 | 24/07/2023 Headlines
ADB: Vietnam's GDP growth forecast in 2023 is only 5.8%
19:01 | 23/07/2023 Headlines
Latest News
GDP grows 5.66% in Q1
15:06 | 29/03/2024 Headlines
Gov’t determined to hasten ODA, concessional loan disbursement: Deputy PM
14:55 | 28/03/2024 Headlines
Vietnam, US hold first foreign ministerial-level dialogue
15:49 | 26/03/2024 Headlines
Adaptive, fundamental, and synchronous solutions to improve the effectiveness of attracting FDI
09:52 | 26/03/2024 Headlines
More News
Vietnam attends 148th IPU Assembly in Geneva
15:41 | 25/03/2024 Headlines
More Vietnamese people go cashless: Visa study
15:39 | 25/03/2024 Headlines
Without resolving three significant bottlenecks, real estate market's revival will face numerous challenges
19:39 | 24/03/2024 Headlines
Top Finnish legislator begins official visit to Việt Nam
19:36 | 24/03/2024 Headlines
Build advantages - Secure the future with Vietnam ESG 2024 Initiative
15:39 | 24/03/2024 Headlines
Nearly 20 commercial banks lower deposit rates
17:52 | 23/03/2024 Headlines
Breakthrough policies look towards green economy
17:51 | 23/03/2024 Headlines
Vietnam remains attractive destination for foreign investors
17:49 | 23/03/2024 Headlines
Bright spots at the beginning of the year
10:51 | 23/03/2024 Headlines
Your care
GDP grows 5.66% in Q1
15:06 | 29/03/2024 Headlines
Gov’t determined to hasten ODA, concessional loan disbursement: Deputy PM
14:55 | 28/03/2024 Headlines
Vietnam, US hold first foreign ministerial-level dialogue
15:49 | 26/03/2024 Headlines
Adaptive, fundamental, and synchronous solutions to improve the effectiveness of attracting FDI
09:52 | 26/03/2024 Headlines
Vietnam attends 148th IPU Assembly in Geneva
15:41 | 25/03/2024 Headlines