Vietnam Government

The cut is necessary to help citizens weather inflation and support socioeconomic recovery.

Vietnam aims to have at least two million enterprises by 2030, contributing 60-65% of GDP.

Vietnam will not sacrifice social advancement and equality in the pursuit of mere economic growth.

The Ministry of Public Security has swiftly acted to clamp down on false information over Vingroup Chairman Pham Nhat Vuong, saying it has caused negative impacts on business operations and the stock market.

The interest subsidy scheme is estimated to total VND40 trillion (US$1.76 billion) for the 2022-2023 period.

Once approved by the National Assembly, the cut will take effect on August 1.

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 Ministry of Finance estimated the total amount of tax relief totals around VND122-125 trillion ($5.26-.54 billion) in 2022.

The Eastern North-South expressway project is of national priority, for which an acceleration in construction progress should not undermine the quality of the project.

As of November 30, 2021, total bad debts according to criteria set out in resolution No.42 were estimated at VND420 trillion ($18.4 billion), down 15.74% against August 14, 2017, the date the resolution No.42 became effective.