NA agrees to extend resolution on pilot bad debt management until 2023
The National Assembly called for the Government to have a long-term solution to resolve bad debts.
The National Assembly called for the Government to have a long-term solution to resolve bad debts.
The tax cut period will last between April 1, 2022, and December 31, 2022.
Vietnam holds only a 25.1% stake in the US$9-billion joint venture that marked the participation of two Japanese investors and one Kuwaiti.
The recovery program is intended to ensure Vietnam’s average GDP growth at 6.5-7% during the 2021-2025 period.
The government has reinforced recovery plans after it issued guidance on "Safe adaptation, flexibility and effective control of the Covid-19 pandemic.
India, the second most populous country in the world, is an old trustworthy friend of Vietnam.
A GDP growth of 6-6.5% means the country should mobilize over VND3,000 trillion ($132.6 billion) in social investment capital.
Covid-19 claimed more than 22,500 lives in Vietnam in the latest outbreak that flared up in late April.
Trade relations between Vietnam and the EU remain strong, reaching more than US$42 billion in 2020.
Europeans are increasing their vaccine donations to Vietnam.