VIETNAM BUSINESS NEWS JANUARY 8

China reopens one more border gate with Vietnam China has announced the reopening of Pingmeng border gate with Vietnam's Soc Giang border gate in Cao Bang province from 10:00 on January 7. The border gate was reopened just one day after the first meeting of the Working Group on Vietnam-China Trade Facilitation, the Vietnamese Ministry of Industry and Trade (MoIT)'s Asia-Africa Market Department said. Earlier, the Tra Linh (Vietnam) – Longbang (China) border gate had also been reopened. Minister stresses flexible combination of fiscal, monetary policies 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. Phoc said the Ministry of Finance (MoF) suggested the Government propose the National Assembly allocate 10 trillion VND (over 439 million USD) in the health sector's frequent expenditure from the 2022 central budget for COVID-19 prevention and control. It also recommended 20.5 trillion VND from the central budge reserve (about 2.5 percent of the total central budget spending) and 1.7 trillion VND from the national reserve be earmarked for the COVD-19… Read full this story

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