So there are some reasons to be a bit cautious when talking about this specific vaccine, as coronaviruses have this weird quirk called immune enhancement.
In some data analyzed in a feline corona virus model, scientist found that an infection (vaccine induced or otherwise) could trigger an immune response that is "improper" (for lack of a better word), and the created antibodies actually help the virus enter host cells. While this would lead to one nasty infection, the worst part about this is that your body will remember how to make these shitty antibodies, so if you get exposed to the virus again, your symptoms will we worse.
Now, a lot of viruses have this quirk, and vaccines work fine, as there are plenty of clinical trials. The main thing that is concerning about this new vaccine is all of the corner cutting.
While I believe that the resulting vaccine will be mostly safe, I doubt that it will be super effective.