Steering committee set up to implement US$15.4-billion socio-economic recovery package
The committee’s objective is to assist the Prime Minister in researching and solving critical issues related to the implementation of the socio-economic recovery package.
The Government has set up a steering committee to implement the upcoming socio-economic recovery package worth VND350 trillion (US$15.4 billion).
Deputy Prime Minister Le Minh Khai. Source: VGP |
The committee is led by Deputy Prime Minister Le Minh Khai, while Minister of Planning and Investment Nguyen Chi Dung, Vice Minister of Finance Vo Thanh Hung, and Vice Governor of the State Bank of Vietnam (SBV) Pham Thanh Ha will serve as deputy heads.
Other members of the committee include senior officials from ministries and Government agencies.
The committee’s objective is to assist the Prime Minister in researching and solving critical issues related to the implementation of the socio-economic recovery package.
The National Assembly in an irregular session in January ratified a resolution on a stimulus package worth VND350 trillion. However, at the NA’s third session held in June, many deputies voiced concern over the delay in disbursing the package, urging the Government to concentrate efforts on providing substantial support to businesses and individuals in the post-pandemic period.
In a NA discussion session on June 2, Deputy Prime Minister Le Minh Khai said the large size of the recovery program means the preparation process should be conducted thoroughly to avoid possible mishaps during the implementation.
The program, scheduled to take place during the 2022-2023 period, would include an economic reopening initiative along with improvements in preventive healthcare capabilities worth VND60 trillion ($2.64 billion); social welfare, and job creation support (VND53.15 trillion or $2.34 billion); businesses, cooperative and households recovery support (VND110 trillion or $4.84 billion); infrastructure development (VND113.85 trillion or $5 billion); administrative reform and improvements of the business environment.
Other News
- IT training urged to focus on semiconductors
- Hanoi Great Souvenir Fair 2024 to take place next week
- As orders rise, Vietnamese textile firms see better prospects in 2024
- C.bank to auction nearly 17,000 gold taels on April 22
- Trade ministry proposes purchasing renewable electricity mechanisms without EVN’s involvement
- Australia and Vietnam develop competitive electricity markets
- Vietnam, Thailand advance realization of “Three Connections” strategy
- Vietnamese Gov’t to expand list of electricity buyers under direct power agreement scheme
- Viettel opens largest data center in Vietnam to support AI development
- Vietnam’s economy expected to grow at solid pace in 2024-2025: ADB
Trending
-
Capital Law revision helps Hanoi promote role as nation’s socio-economic hub
-
Vietnam news in brief - April 25
-
Vietnamese contemporary ballet celebrates Europe Day
-
IT training urged to focus on semiconductors
-
Voluntary social security should cover larger part of informal sector: Experts
-
ASEAN Future Forum 2024: Promoting regional centrality
-
Central bank moves gold auction to tomorrow
-
[Video]Hanoi beauty spots featured in saxophone legend Kenny G's music video
-
Colorful stage shows in Hoan Kiem Lake pedestrian area