The money will be used for key infrastructure, energy and digital economy projects. They include completion of the eastern section of the North-South Expressway, a number of coastal roads and others connecting airports and seaports. … [Read more...] about Government to make hike in public spending
Phuc said at a meeting Friday that major projects that need faster disbursement include the North-South Expressway, Long Thanh International Airport in the southern province of Dong Nai and the My Thuan – Can Tho Expressway in the Mekong Delta region. … [Read more...] about Government agencies, localities to return $271 mln in unused funds
Since 2000, USAID, through the Bureau for Humanitarian Assistance, has provided more than $26 million in disaster response, preparedness, and risk reduction assistance in Vietnam. Through the Department of Defense, the U.S. Government has also provided more than $28 million since 1998 to train military and civilian emergency responders and develop and equip disaster management centers, maritime response centers, and disaster shelters at the community level. USAID continues to support Vietnam’s disaster relief efforts and plans are underway to provide additional assistance. … [Read more...] about The United States Announces Assistance to Vietnam to Respond to Tropical Storm Linfa
To cope with Covid-19, many governments around the world have had to accept economic sacrifices, with a rise in the public debt-to-GDP ratio and budget deficits. The budgets of quite a few governments have fallen into a situation of more spending and less revenue: spending on the health system, cash and credit supports for workers and the business community, plus reductions and deferment of payments of various taxes. In some states with a decent social security system like in Europe, the ratio of public debt to GDP is up to 80-110%, while budget deficits reach 8-9% of GDP. … [Read more...] about Demand stimulus: where to begin?
During the conference, donors contributed VNĐ38.2 billion (US$1.7 million) to support flood victims in provinces of Quảng Nam, Quảng Ngãi, Thừa Thiên-Huế, Bình Định and Đà Nẵng.— VNS … [Read more...] about Domestic market to help tourism sector in post-COVID-19-period