The Government would focus on accelerating the progress of national projects, especially expressways, seaports, digital infrastructure, as well as those in fields of innovative startups in 2022.
By 2025, Vietnam’s public debt is projected at 47.5% of the revised GDP (which is 25.4% higher than current method of GDP’s calculation), or 60.4% of the level before being revised.
The government has set aside VND12.57 trillion (US$542.2 million) to support 12.65 million people directly hit by the Covid-19 pandemic.
Core inflation in the first six months of 2020 rose by 2.81% year-on-year.
Fitch Solutions’ deficit forecast is wider than the Ministry of Finance’s 5.0-5.1% deficit estimate.
As of April 30, the disbursed amount of public investment was equivalent to 13.8% of the target, which remained slower than expected, said a Hanoi official.
Total capital expenditure in the 2016 – 2020 period would exceed the target of VND2,000 trillion (US$86.45 billion), accounting for 27 – 28% of total spending.