Stimulus package 2008

At a group discussion of the third session of the 15th National Assembly . (Photo: VNA) Hanoi (VNA) – President Nguyen Xuan Phuc said at a group discussion on May 25 during the third session of the 15th National Assembly that the implementation of economic stimulus packages and public investment should be promoted to provide timely support for businesses and people. Speaking at the group discussion on supplementary assessments of the implementation of the socio-economic development plans and the state budget in 2021 and the first months of 2022, Phuc also stressed social issues that need special attention, especially education, child abuse, drowning and school violence. He pointed to challenges to the national economy in the time ahead such as inflation, impacts of the soaring global energy prices and stock market volatility which requires supportive measures to stay stable. The President recognised the encouraging economic indices in the first five months of … [Read more...] about Legislators debate socio-economic development, state budget

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency on May 25. - President Nguyen Xuan Phuc said at a group discussion on May 25 during the third session of the 15th National Assembly that the implementation of economic stimulus packages and public investment should be promoted to provide timely support for businesses and people. At a group discussion of the third session of the 15th National Assembly. (Photo: VNA) In his group's discussion, NA Chairman Vuong Dinh Hue said the annual growth target of 6.5-7 percent until 2025 as specified in the 13th National Party Congress' resolution and 8-8.5 percent set by the legislature this year remains a big challenge. Read full story Read full story Read full story Read full story At the event. (Photo: VNA) The project, which is jointly developed by the Ministry of Industry and Trade (MoIT), the People’s Committee of Vinh Phuc province and Samsung Electronics Co. … [Read more...] about ☕ Afternoon briefing on May 25

President Nguyen Xuan Phuc speaks at the meeting with the National Assembly deputies group of Ho Chi Minh City. (Photo: SGGP) According to the President, the economic indicators in the first five months of 2022 are encouraging, showing signs of growth in budget revenue, import and export, and agriculture. The macroeconomy has always been maintained and is the outstanding point in operating. Vietnam's vaccination strategy has been implemented drastically and is recognized by the world. However, the signs of inflation are clear, especially when Vietnam's economy has a fairly high openness. The stock market is an important capital mobilization channel, but billions of dollars have been evaporated recently. Therefore, it is necessary to have better measures and methods to support the stock market to stabilize, send capital flows to businesses, create jobs, and determine growth. State President Nguyen Xuan Phuc quoted an article "Not let inflation sweep away underprivileged people" … [Read more...] about President emphasizes importance of timely support for people, enterprises

National Assembly deputies were divided into teams to discuss socio-economic achievements and challenges during their third working day in Hà Nội on Wednesday. VNA/VNS Photos Phạm Kiên HÀ NỘI — National Assembly Chairman Vương Đình Huệ yesterday day expressed his concern that this year’s growth target will be hard to reach. He was speaking during the third working day of the third session of the 15th-tenure National Assembly (NA) in Hà Nội. NA deputies reviewed the socio-economic development results in 2021, and discussed plans for further development and budget allocation this year. Discussing the economic growth targets that the 13th Party Congress set for the next five years, NA chair Huệ expressed his worries that the country must try much harder to achieve the gross domestic product (GDP) growth target of 8-8.5 per cent this year. The congress set a GDP growth target of 6.5-7 per cent each year from 2021 to … [Read more...] about Reaching growth target a challenge for this year: NA chair

This decree provides interest rate support for loans in Vietnamese dong arising from lending activities of commercial banks to enterprises, co-operatives and business households. — Photo thoibaotaichinhvietnam.vn 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. This decree provides interest rate support for loans in Vietnamese dong arising from lending activities of commercial banks to customers that are enterprises, co-operatives and business households according to Resolution 43/2022/QH15 dated January 11 of the National Assembly and Resolution 11/NQ-CP dated January 30 of the Government. The State budget shall fully and promptly allocate funds for interest rate support for commercial banks to provide interest rate support to customers. Commercial banks provide interest rate support to ensure compliance with regulations, creating favourable conditions for … [Read more...] about Decree on 2% interest rate support package officially issued

Customers at a BigC supermarket in Ha Noi. Photo hanoimoi.com.vn The capital city plans to strengthen promotion programmes to stimulate consumption, supporting businesses and enhancing economic growth. Ha Noi is implementing a series of promotional programmes for 2022, focusing on May, July and November at more than 2,000 sales points of businesses. Notably, the businesses have registered more than 10,000 promotion programmes with the Department of Industry and Trade in May, worth nearly VND20 trillion. In July and November, Ha Noi expects to have about 25,000 promotion programmes. "The most important stimulus solution is to ensure the quality of goods and increase incentives for customers, and at the same time, the enterprises must enhance the production of high-quality goods," Tran Thi Phuong Lan, acting director of the Ha Noi Department of Industry and Trade. In addition, many trade promotion activities will be implemented to support connections, brand promotion and … [Read more...] about Ha Noi strengthens consumption stimulus programmes