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Tag: fiscal stimulus
Vietnam gov’t agrees to US$2.16-billion relief package for vulnerable people
The relief package aims to maintain minimum living standards for vulnerable people in the next three months, local media reported.
82% of Vietnam enterprises to suffer revenue losses on Covid-19: VCCI
Both short- and long-term solutions are needed for enterprises to avoid severe consequences of the pandemic, said VCCI Chairman Vu Tien Loc.
Vietnam gov’t expands credit aid package to US$12.73 billion
Enterprises should be provided with sufficient credit and utmost support to stay float, said Prime Minister Nguyen Xuan Phuc.
Vietnam PM urges more fiscal stimulus to boost economic recovery
Vietnam could widen fiscal deficit and public debt by an additional 3 – 4 percentage points of GDP without affecting the national financial security in the short- and long-terms.
Vietnam National Economic Advisory Council sees GDP growth at 3 – 4% in 2020
For this year and early 2021, the PM expects fiscal deficit and public debt could widen by an additional 3–4 percentages of GDP to provide more support for enterprises.
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