Stimulus packages

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