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The government wants a “sustainable” growth that will keep the economy afloat and drive inflation.
Author Bloomberg
Published on 12 Jan 2022
Vietnam’s parliament has approved a $ 347 trillion grant ($ 15.3 billion) to revive the Covid-19 economy and a difficult closure that focuses on helping HIV-positive businesses, workers and raise operating costs.
The National Assembly voted for a plan that was significantly reduced due to concerns that could lead to a rise in prices.
Vuong Dinh Hue, chairman of the National Assembly, told a conference in Hanoi last month that the government wants a “sustainable” growth that guarantees economic stability and controls inflation, according to a statement from the official website. The producers in November weighed 800 trillion dong in encouraging ways.
Vietnamese authorities want to repair the damage caused by the closure of anti-virus programs, which led to the closure of factories that suspended international chains.
This incentive package includes approximately 170 trillion for construction spending in 2022-2023.
It also has ways to reduce bank interest rates by about 1 percent and delay repayment loans to support businesses. The central bank has intervened in the stock market by selling dollars to stabilize foreign currency prices when needed.
Parliament also approved an increase in the state budget cuts by 240 trillion dong in 2022 and 2023.
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