The latest stimulus package, which is well below the proposal of 800 trillion dong submitted in November, includes measures to reduce bank loan interest rates by about 1 percentage point and delay loan payments for businesses.
According to the plan, Vietnam’s central bank, which has plan to sell $3 billion of government bonds domestically, should stand ready to intervene in the market and stabilise foreign exchange rates if necessary.
Vietnam’s economy grew 2.58% in 2021, slipping from a 2.91% expansion the year before, official data showed. The government is targeting GDP growth https://www.reuters.com/markets/asia/vietnams-2021-gdp-growth-slows-exports-offer-support-2021-12-29 of 6.0%-6.5% for 2022.
The plan also includes 64 trillion dong tax reduction and 110 trillion dong in assistance for businesses.
($1 = 22,752.0000 dong)
Source: Economy - investing.com
