As the COVID-19 pandemic is predicted to linger and affect the State budget revenue as well as spending on the pandemic combat, it is necessary to flexibly combine fiscal and monetary policies to keep macro-economic stability, said Minister of Finance Ho Duc Phoc.
About 118 trillion VND (5.16 billion USD) worth of taxes, land rent, fees, and charges are expected to be reduced or have payment deadlines extended in 2021 to assist enterprises and people affected by the coronavirus pandemic.
Legislators on July 26 discussed the outcomes of thrift practice and wastefulness prevention in 2020 as part of the ongoing first plenary session of the 15th National Assembly (NA).
Despite the complex developments of the COVID-19 pandemic, Vietnam’s overall macro-economy remains stable, with encouraging growth seen in industries and a low rise of average consumer price index (CPI).
Many international credit rating organisations want to join the Vietnamese market, heard a seminar in Ho Chi Minh City on April 16.
The State budget revenue in the first quarter totalled 403.7 trillion VND (about 17.5 billion USD), equivalent to 30.1 percent of this year’s target and up 0.3 percent from a year earlier, the Ministry of Finance (MoF) said on March 29.
The rapid suppression of the new COVID-19 outbreak in late January 2021 has helped maintain Vietnam’s positive outlook for economic recovery this year, the World Bank (WB) has said.
Prime Minister Nguyen Xuan Phuc, who is also head of the Sub-Committee for Socio-Economic Affairs of the 13th National Party Congress, chaired its sixth plenary session in Hanoi on August 28.