Chủ đề: support package

The Asian Development Bank (ADB) proposed the Government an economic recovery support program with an unprecedentedly high scale, especially the fiscal policy package of about 5-7 per cent of GDP, which is expected to strengthen the economy, boost the trust in the market of investors, creating momentum for the acceleration of the economy and growth of the stock market in the coming time.

Vietnam appears to be recovering quite slowly from the pandemic, and without a sufficiently large support package will fall behind. Many economists have therefore proposed economic support packages for 2022 and 2023 totaling VND445.76 trillion ($19.5 billion), or nearly 5.5 per cent of GDP.

Nearly 24 million employees hit by Covid-19 have been given a total of VND21.89 trillion ($961.76 million) out of a support package of VND26 trillion ($1.14 billion). The Unemployment Insurance Fund has also supported more than 540,000 workers affected by Covid-19, with a total amount of VND1.25 trillion ($54.92 million).

Social insurance agencies had confirmed a list as of September 17 of more than 1.2 million employees with over 38,200 employers that can benefit from a support package totaling VND26 trillion ($1.14 billion).

Employers, vocational training centers, and workers affected by Covid-19 will benefit from a support package of VND4.5 trillion ($196.89 million) for training, improving vocational skills, and maintaining jobs. Certain conditions and standards must be met to access the package.