National Assembly passes $15b economic recovery package for 2022-23

On the final working day of an extraordinary session, the National Assembly of Việt Nam on Tuesday voted to adopt a Government-proposed socio-economic recovery programme worth nearly VNĐ350 trillion (approximately US$15 billion) over the next two years.

The five major tasks stated in the resolution are: reopening the economy in tandem with enhancing healthcare capacity and pandemic preparedness (VNĐ60 trillion), ensuring social welfare and job creation (VNĐ 53.15 trillion), support for businesses and cooperatives (VNĐ 110 trillion), developing infrastructure (VNĐ 113.85 trillion), and institutional and administrative reforms and betterment of investment environment.

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