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At the event

At the first meeting of the Steering Committee for the implementation of the socio-economic recovery program, Khai, who heads the committee, said only 19 days after the approval of the National Assembly’s Resolution 43 on fiscal and monetary policies supporting socio-economic recovery and development program, the Government issued Resolution 11 on the program.

He noted the rapid implementation of some support measures such as tax and fee reduction, but several others are lagging behind.

While about 48 trillion VND (2.05 billion USD) has so far been disbursed under the program and an one-year tax reduction package worth 64 trillion VND is likely to be completed by the end of this year, more drastic actions are needed in rolling out the rent support for workers and 2 percent interest support for enterprises and cooperatives, the Deputy PM said.

He requested relevant ministries to soon complete necessary mechanisms and policies, especially regulations related to bidding and decentralization, to facilitate capital disbursement under the program.

Source: VNA