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New support measures may lead to a decline of VND20 trillion ($870 million) in State budget revenue.

The important issue is to have long-term solutions to balance supply-demand and enhance production capabilities of local steel firms, said an expert.

By 2030, artificial intelligence (AI) and virtual assistant could be used to help provide digital financial services for the people and enterprises via digital communication channels.

Some large state-owned enterprises are facing difficulties in business valuation, mainly due to complicated financial situations.

The stock market will continue to be an efficient capital mobilization channel for Vietnam’s economy and a useful instrument for macroeconomic management of the government.

Only seven state firms have completed their respective privatization process in the first nine months of 2020.

The Vietnamese finance ministry expected an easing in conditions for casino projects would attract more investors in the field.

State firms that have completed the privatization process are expected to float shares on local bourses and create space for more foreign investors to invest in the local stock market.

While the inflationary pressure, especially driven by hikes in prices of oil and food, devalues some currencies, Vietnam’s inflation target would remain unchanged.

So far, total amount of deferrals of tax payment and land rental fees under the government’s support programs stood at VND37 trillion (US$1.58 billion) as of May.