The National Assembly has approved an economic stimulus package that involves cutting value added tax by 2 percentage points and pumping VND176 trillion ($7.75 billion) into development.

Reviving the business sector, boosting exports, and increasing disbursement of public spending are key to achieving the economic growth target of 6-6.5 percent for 2022, the government has said.

The Department of Tourism of Quang Ninh has completed a draft plan called “Green-lane tourism” to revive the Covid-19-stricken tourism in the northern coastal province.

The Vietnamese Government and the World Bank have signed an agreement for financing of 221.5 million USD to support Vietnam’s post-pandemic recovery through policy reforms aimed at improving financial inclusion and spurring greater environmental resilience.

Amid the challenges of the Covid-19 pandemic, the flexible monetary policy, along with fiscal and other macroeconomic policies, has helped stabilise the Vietnamese economy and support its recovery.