The Ministry of Finance considers such publication an important practice promoting transparency and publicity of Vietnam’s state budget.

Vietnam is capable of repaying debts, as the annual debt repayment accounts for 15 – 16% of total state budget, below the ceiling limit and international practice of 25%.

In case the epidemic persists for around four to five months, or even longer, manufacturing sectors with high dependence on input materials from China would be in trouble.

The relief package is estimated at VND180 trillion (US$7.63 billion).

The figure is more than double the estimated losses from the municipal tax authority in its extreme scenario at VND16.6 trillion (US$712 million) where the pandemic lingers to the fourth quarter.