Support packages should be spent on health and business recovery: forum

Residents register for the $2.6 billion financial support package from the Government to support workers affected by the COVID-19 pandemic. — Photo dangcongsan.vn Viet Nam’s fiscal support package needs to contain the pandemic and minimise health and economic impacts, so it will be necessary to give priority to spending on health, social security and support for the business sector. Chairman of the National Assembly Vuong Dinh Hue yesterday chaired the Vietnam Economic Forum 2021 in Ha Noi, where economic experts discussed and suggested fiscal and monetary policies to support socio-economic recovery and development after the COVID-19 pandemic. The forum themed “Recovery and sustainable development” was co-organised by the National Assembly Economic Committee, the Central Economic Commission and the Vietnam Academy of Social Sciences, connecting 57 locations in the country and three international ones, gathering opinions from a large number of scientists and experts in various fields. Hue said Viet Nam has used financial and monetary policies and other macroeconomic policies to deal with the pandemic over the last two years, adding the total size of the country's fiscal and monetary support packages was estimated at about 4 per cent of GDP, lower than the average level of other countries in… Read full this story

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