There are signs that recovery is becoming more broad-based in Viet Nam, with marginal improvements in sectors like textiles and footwear, as well as machinery, highlighted HSBC in its report Viet Nam at a glance released on March 7.
Minister of Finance Ho Duc Phoc has said the finance-banking sector accomplished its set goals for 2022, with State budget collection surpassing the estimate by nearly 20% amid unfavourable changes in the country and the world.
Prime Minister Pham Minh Chinh has issued a decision earmarking over 147 trillion VND (6.39 billion USD) from the State budget for ministries, agencies and localities to carry out the socio-economic recovery and development programme.
The capital city of Hanoi ranked third among cities and provinces nationwide in foreign direct investment (FDI) in the first seven months of this year with 979.7 million USD, affirming its attractiveness to foreign investors.
The Government has proposed a package of fiscal solutions worth 291 trillion VND (nearly 12.8 billion USD) in total to support socio-economic recovery and development.