Well-established evidence in the note makes a stronger case for lowering speed to be one of the most effective ways to enhance road safety. For example, a one percent increase in speed results in a 3.5 to 4-percent increase in deaths.
According to the Bank, the COVID situation will likely continue to dampen inward investment for the rest of 2021 and may create further tourism uncertainty.
Standard Chartered has been investing significantly in Vietnam over the last few years and growing its business across the country.