The Ministry of Finance (MoF) has suggested a series of solutions related to fiscal and tax policies in support of citizens and businesses this year, Deputy Minister of Finance Nguyen Duc Chi told a regular press conference of the Government in Hanoi on January 3.
The Government Office has issued an announcement on Deputy Prime Minister Le Minh Khai’s conclusions at a meeting on interest rate support package in accordance with the Government’s Decree No.31/2022/ND-CP dated May 20.
Singapore on June 21 announced a support package worth 1.5 billion SGD (about 1.08 billion USD) to provide immediate relief for vulnerable people and businesses amid rising inflation.
As securities and real estate sectors are not on the list to receive support, the 2 percent interest rate support package's positive effects on the stock market are not strong.
The National Assembly (NA) Standing Committee on June 4 morning gave opinions on the implementation and capital allocation for tasks and projects under the programme on socio-economic recovery and development.
Some 22 trillion VND (948.2 million USD) in the 347-trillion-VND policy package under the 15th National Assembly (NA)’s Resolution 43 has been disbursed, Deputy Prime Minister Le Minh Khai told the legislature's ongoing third session on June 2.
The Government has officially issued Decree 31/2022/ND-CP on interest rate support from the State budget for loans of enterprises, co-operatives and business households.
Loans of pandemic-hit enterprises will enjoy an interest rate cut of 2 per cent under a government support package to remove difficulties for the businesses.
A support package worth 6.6 trillion VND (290.4 million USD) will be spent on providing housing rental subsidies for labourers who are working in industrial parks (IPs), export processing zones (EPZs) and key economic regions, according to the Ministry of Labour Invalids and Social Affairs (MoLISA).
Many legislators have underlined the need to promptly launch a support package to help businesses overcome the difficulties brought on by COVID-19 while debating a draft resolution on fiscal and monetary policies, to support the programme on socio-economic recovery and development as part of the first extraordinary session of the 15th National Assembly.
The fiscal and monetary package to support socio-economic recovery and development is not likely to affect the macroeconomy, especially the index of public debts, public debt payment and inflation, according to Hoang Van Cuong, a National Assembly (NA) deputy of Hanoi.
The People's Committee of southern Tra Vinh province will support small and medium enterprises (SMEs) in the province from 2022 to 2025 with a total budget of 88.5 billion VND.
Although current social welfare policies have proved to be helpful for labourers in overcoming difficulties posed by COVID-19, experts held that further adjustments are needed to ensure that no disadvantaged persons in society are left behind.
As the COVID-19 pandemic has seriously impacted the implementation of Vietnam's economic development plans, the National Assembly (NA) and Government have been proactively and urgently deploying stimulus packages to quickly restore the economy and leverage growth.
As the COVID-19 pandemic has seriously impacted the implementation of Vietnam's economic development plans, the National Assembly (NA) and Government have been proactively and urgently deploying stimulus packages to quickly restore the economy and leverage growth.
Singapore will be rolling out a 640 million SGD (476.5 million USD) support package for businesses affected by extended COVID-19 restrictions in the city-state.
More than 111,000 employees in Ho Chi Minh City have benefited from the Government’s new support package sourced from the unemployment insurance fund, according to the city’s Social Insurance Agency.
The capital city of Hanoi has completed the disbursement of support packages to people who rendered service to the nation, poor and near-poor households and social welfare policy beneficiaries, with more than 282 billion VND (12.4 million USD) for over 282,000 people.
The Vietnam Social Security (VSS) will exert every effort to provide the fastest and most convenient support for pandemic-hit employees and employers who are beneficiaries from the Government’s new support package sourced from the unemployment insurance fund, VSS Deputy Director General Le Hung Son has said.
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