Legislators debate socio-economic development, state budget Politics

Legislators debate socio-economic development, state budget

President Nguyen Xuan Phuc said at a group discussion on May 25 during the third session of the 15th National Assembly that the implementation of economic stimulus packages and public investment should be promoted to provide timely support for businesses and people.
Breakthrough solutions needed to fuel recovery: NA leader Business

Breakthrough solutions needed to fuel recovery: NA leader

The Vietnam Economic Forum 2021 on December 5, which spent much time on discussing fiscal and monetary policies, social welfare policies, and labour issues during economic recovery and development, was a success, Chairman of the National Assembly Vuong Dinh Hue said in his closing remarks at the event.
Finance minister proposes 40 trillion VND stimulus packages Business

Finance minister proposes 40 trillion VND stimulus packages

The stimulus packages are expected to inject 1 quadrillion VND (44 billion USD) into the national economy with an interest-rate subsidy of 4 percent, contributing to creating jobs, raising productivity, increasing budget collection, and cutting budget overspending.
Thailand warns risk of increasing jobless amid economic woes World

Thailand warns risk of increasing jobless amid economic woes

The number of unemployed workers in Thailand reached 2.5 million in the first half of 2020, and will keep growing next year if state stimulus packages are not strong enough to battle economic woes, according to the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) of Thailand.
Thailand to launch more tourism stimulus packages ASEAN

Thailand to launch more tourism stimulus packages

Thailand will introduce more stimulus measures to boost tourism, jobs and domestic consumption hit hard by the COVID-19 pandemic, according to Deputy Prime Minister cum Energy Minister Supattanapong Punmeechaow.
Indonesia to expand social aid, incentives for businesses World

Indonesia to expand social aid, incentives for businesses

The Indonesian Government is planning to expand its social aid programme and incentives for micro, small and medium enterprises (MSMEs) in an effort to boost consumer spending and revive the economy in the second half of this year.
Malaysia reduces interest rates to record low World

Malaysia reduces interest rates to record low

Malaysia's central bank on July 7 reduced its interest rates to a record low to fight the impact of the COVID-19 pandemic, and warned that the pace of economic recovery was uncertain.
H1 State budget revenue lowest in seven years Business

H1 State budget revenue lowest in seven years

State budget revenue in the first half of 2020 was down 10.5 percent against a year earlier and equal to just 44.2 percent of the annual estimate; the lowest since 2013, Minister of Finance Dinh Tien Dung told a conference in Hanoi on July 7.