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News Forum - Vietnam gives green light to US$15 billion stimulus plan for economic recovery


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The parliament of Vietnam has approved a stimulus package worth 347 trillion VND (US$ 15.3 billion) for those severely affected by the Covid-19 pandemic, especially businesses as well as expanding infrastructure expenditure amidst harsh lockdowns. Since the government is seeking sustainable growth, that ensures macroeconomic stability as concerns about inflation raised alarm over the National Assembly last month. Officials are attempting to repair an economy that has been harmed by strict anti-virus restrictions that have resulted in industrial closures and crippled global supply lines. Policymakers were considering stimulus measures worth 800 trillion VND (US$ 35 billion) in November. According to […]

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