monetary policies

Chairman of the National Assembly (NA) Vuong Dinh Hue had a working session with the Standing Board of the Hai Phong Party Committee while visiting this northern port city on February 9.

The value added tax (VAT) will be reduced by 2 percentage points to 8 percent starting this February as part of measures helping taxpayers tackle difficulties.

The 15th National Assembly (NA) fulfilled the entire agenda of its first extraordinary session, lasting for four and a half days, and came to success.

The first extraordinary session of the 15th National Assembly held via videoconference wrapped up on January 11 after four and a half days of sitting.

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.

Vietnam has become one of the six countries with highest COVID-19 vaccination coverage in the world, Standing Deputy Prime Minister Pham Binh Minh told a teleconference between the Government and localities on January 5.

The Government has proposed a package of fiscal solutions worth 291 trillion VND (nearly 12.8 billion USD) in total to support socio-economic recovery and development.

The first extraordinary session of the 15th National Assembly (NA), opened in Hanoi on January 4, is looking into some major, important, and urgent issues.

Deputies to the 15th National Assembly (NA) debated four draft documents and their verification reports on important issues of the national economy during the first day of their first extraordinary session on January 4.

The Vietnam Economic Forum 2021 on December 5, which spent much time on discussing fiscal and monetary policies, social welfare policies, and labour issues during economic recovery and development, was a success, Chairman of the National Assembly Vuong Dinh Hue said in his closing remarks at the event.

Vietnam is showing signs of socio-economic recovery though the COVID-19 pandemic remains complex, according to Francois Painchaud, Regional Resident Representative of the International Monetary Fund (IMF) in the country.

The Vietnam Economic Forum 2021, themed “Recovery and Sustainable Development”, took place in Hanoi on December 5 under the chair of National Assembly (NA) Chairman Vuong Dinh Hue.

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.

National Assembly Chairman Vuong Dinh Hue on October 15 chaired a working session with agencies to discuss the management and coordination of fiscal and monetary policies amid COVID-19.

The 15th National Assembly (NA) is spending the entire day on July 25, on discussing the implementation of the socio-economic development and State budget plans during the first six months, solutions for task performance in the year’s latter half, and the development plan for 2021 - 2025.

State President Nguyen Xuan Phuc hosted a reception in Hanoi on June 29 for World Bank (WB) Regional Vice President for East Asia and the Pacific Victoria Kwakwa who is on a working trip to Vietnam.

The budget revenue increased significantly in the first five months of this year thanks to recovery from 2020 and some sectors seeing strong growth, such as banking, securities, real estate and automobile industries, according to the General Department of Taxation.

Vietnam’s capacity to build long-term strategies is key for the country’s economic growth despite unprecedented difficulties brought by COVID-19 pandemic, according to Acting Director of the Far East Institute at the Russian Academy of Sciences Prof. Dr. Aleksey Maslov.

Within the State apparatus of Vietnam, the National Assembly (NA) is the highest representative body of the people and the highest organ of State power of the Socialist Republic of Vietnam.