More relief measures are in the pipeline to support people and businesses affected by the pandemic.

Hanoi would hold an online conference later this month to accelerate disbursement of public investment funds, stated Vice Chairman of the city government.

The Vietnamese government remains steadfast in disbursing the full target amount of VND630 trillion (US$27.26 billion) to aid economic recovery.

All subsidiaries of Samsung in Vietnam are operating normally as the country remain its strategic global production hub.

By the end of 2019, Vietnam’s public debt had significantly dropped to 55% of GDP from 63.7% in 2016.

Heads of cities and provinces are allowed to decide whether tough measures applied depending on the situation.

While the banking has to continue its efforts to deal with bad debts, credit institutions are required to support the economic recovery efficiently, said Prime Minister Nguyen Xuan Phuc.

The holding of a dialogues between the Vietnamese government and the Korean business community demonstrates strong economic ties between Vietnam and South Korea.

Vietnam could widen fiscal deficit and public debt by an additional 3 – 4 percentage points of GDP without affecting the national financial security in the short- and long-terms.