The investment capital of nearly VND350 trillion for the Socio-Economic Development and Recovery Program must be quickly disbursed, said Deputy Prime Minister Le Minh Khai.

Vietnam's fiscal support package needs to contain the pandemic and minimise health and economic impacts, so it will be necessary to give priority to spending on health, social security and support for the business sector.     

National Assembly deputies have recommended that the Government design an economic stimulus package, but both the Government and the National Assembly have yet to discuss the topic.

American companies in Vietnam are continuing to strive for a return to normal operations as some struggle with labour issues and flexible adaption to a post-pandemic world.

Ho Chi Minh City is the leading locality in the country in economic reopening and recovery, according to the American Chamber of Commerce in Vietnam (AmCham Vietnam).

There is still room for Vietnam to implement bailout packages and restore the economy, but there is not much time left.

After shopping centers in Ho Chi Minh City reopened, long lines of people were waiting for payment at fashion shops.

While Vietnam's economy is still struggling with difficulties, the world economy is recovering clearly, after a long period of paralysis due to the impact of the Covid-19 epidemic.

The manufacturing sector in October saw significant expansion for the first time in five months as firms ramped up production to meet rising export orders spurred by the COVID-19 pandemic gradually coming under control, experts said.

The current challenges require an unprecedented consensus to overcome it, said former Director of the Central Institute for Economic Management Nguyen Dinh Cung.

According to the Ministry of Culture, Sports and Tourism's proposal, the pilot roadmap for welcoming back international tourists to Vietnam will be carried out in three phases.

After crises in the past, Vietnam’s economic growth became sluggish and it took many years to achieve full recovery. Economists have warned that this may occur again in the post-Covid period.

The complicated pandemic developments, plus the inconsistency in anti-pandemic policies in localities, have made travel firms feel as if they are walking a tightrope.

After authorities in Ho Chi Minh City allowed restaurants to resume dine-in service on October 28, these establishments are operating at about half of their capacity on these days facing a massive staffing shortage

There are 23 provinces and cities across the country allowing students back to school, according to the Ministry of Education and Training (MoET), following closure due to COVID-19 control measures. 

The second session of the 15th National Assembly which opened on October 20 is expected to discuss a series of socio-economic issues that have arisen after the fourth pandemic wave.

Vietnam’s economy has recently received many optimistic signals from the business community, which are fuelling expectations of a stable and rapid recovery after a long disruption due to the COVID-19 pandemic.

Policymakers and economists are looking for resources to speed up the Vietnamese economic train that has stalled for the past three months.

In a bid to help the country recover after the economy grew at a very low level in the third quarter, a huge financial support package is to be offered to enterprises whose performance is a backbone of economic growth.