The Vietnam Economic Forum 2021 is scheduled to take place on December 5 to help the Government design a package of fiscal and monetary solutions to shore up the economy.
NA Chairman Vuong Dinh Hue (standing) addresses the meeting in Hanoi on November 30 (Photo: VNA)
The Vietnam Economic Forum 2021 is scheduled to take place on December 5 to
help the Government design a package of fiscal and monetary solutions to shore
up the economy.
Chairman of the National
Assembly (NA) Vuong Dinh Hue presided over a meeting in Hanoi on November 30 with
standing members of the NA’s Committee for Economic Affairs and a group of
experts and researchers on financial and monetary policies assisting the
implementation of the socio-economic recovery and development programme.
He said the forum will be
organised by the NA’s Committee for Economic Affairs, the Party Central Committee’s
Economic Commission, and the Vietnam Academy of Social Sciences.
The event will take place
both in person and via videoconference and gather domestic and foreign
scholars, experts, and researchers. It aims to help clarify scientific and
practical grounds to help the Government design a package of fiscal and
Hue said it is necessary to
have in-depth assessment since the global economy has changed constantly amid
the COVID-19 pandemic’s impacts; as well as to identify the extent of
damage and recovery capacity of the economy, determine sectors needing more
support to recover and develop, and find out potential areas for accelerating
recovery to fuel growth of the economy.
Short-term solutions also
need to take into account long-term issues, macro-economic stability, and sustainable
development, the Chairman said, adding that the policies helping with economic recovery
in the short term should not cause macro-economic instability in the long term,
according to the top legislator.
The Government has built a
plan to develop fiscal and monetary mechanisms and policies for assisting the implementation
of the general socio-economic recovery and development programme./.