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Slow implementation of the national fiscal and monetary initiative is expected to dent economic growth, with legislators urging the government to soon review the policy to provide further assistance for enterprises and people.

60,000 enterprises suspend operations: a warning

Behind the good news that in the first quarter of 2022, for the first time in history, the number of newly registered businesses in a month exceeded 15,000, there were still worries about the "health" of many others.

Government extends deadline for tax, land lease payments in 2022

Deputy Prime Minister Le Minh Khai has signed a decree on extending the deadline for value-added tax, corporate income tax, personal income tax and land lease payments in 2022.

Finance Ministry plans to extend enterprises’ tax payments

The tax payment extension, which is not expected to reduce state budget revenue, will help enterprises have capital for production and business.

Economic stimulus package must go to the right addresses: economists

Commenting about the mega economic stimulus package, economists said the money should not be delivered equally to everyone, but should go to the right addresses.

Budgetary tweaks put economy on good foot

Despite impairments in the economy and business revenues, Vietnam has decided to increase its budget deficit this year and next year in order to ensure state budget spending for the country.

VND350 trillion economic recovery package: workers can borrow money to buy, rent houses

An economic recovery package worth VND350 trillion, the largest package so far, to be disbursed in 2022 and 2023, offers many supportive measures. Workers experiencing difficulties can borrow money to buy or rent social housing.

“Non-financial" solution a contributory factor to improving business environment

The COVID-19 pandemic has caused local firms to face an array of risks, with there being a large and possible long-lasting vulnerability for them.

Firms failing to reduce VAT to face sanctions

Enterprises which deliberately delay the reduction of the value added tax (VAT) from 10% to 8% will face heavy sanctions, according to the General Department of Taxation.

Recovery programme will support business and long-term national development

Minister of Planning and Investment Nguyen Chi Dung talks about the key objectives and priorities of Vietnam socio-economic recovery programme for 2022. 

Workers in IPs, EPZs to get housing rental support for three months

A support package worth 6.6 trillion VND (290.4 million USD) will be spent on providing housing rental subsidies for labourers who are working in industrial parks (IPs), export processing zones (EPZs) and key economic regions.

Will the local economy recover in 2022?

Economists predict that the local economy will recover and regain its growth momentum in 2022 thanks to the macroeconomic stability it maintained in 2021.

 

Gov’t launches US$15 billion economic recovery programme

The Government has issued a resolution on the overall socio-economic recovery programme worth VND350 trillion (US$15 billion) which was approved by the National Assembly a couple of weeks ago.

VND350 trillion for economic recovery must be disbursed soon

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.

Value added tax cut to assist socio-economic recovery

The value added tax (VAT) will be reduced by 2 percentage points to 8 percent starting this February as part of measures helping taxpayers tackle difficulties.

US$15 billion bailout package a stimulus to economic recovery

Given the severe impact of COVID-19, the National Assembly’s recent approval of a VND350 trillion (US$15 billion) economic recovery package is considered by businesses and experts as an extremely important leverage and motivation moving forward.

National Assembly NA passes largest ever relief package for economic recovery, development

The National Assembly on January 11 voted to adopt a Government-proposed socio-economic recovery programme worth nearly VND350 trillion (approximately US$15 billion) over the next two years.

Largest-ever support package to strengthen farmers

The Government has just submitted a support package of VND350 trillion (US$15.43 billion) for socio-economic recovery and development to the National Assembly.

Prices skyrocket as purchasing power plummets

Input cost increases have forced manufacturers to increase selling prices. However, purchasing power is weak, which is a warning about a tough year ahead.

Fiscal, monetary solutions proposed to aid socio-economic recovery

The Government has proposed a package of fiscal solutions worth 291 trillion VND (nearly 12.8 billion USD) in total to support socio-economic recovery and development.