Sufficient fiscal resources ensured for socio-economic recovery and development
(VOVWORLD) - On Thursday, the Vietnam Financial Times and the Investors’ Magazine jointly organized a forum on fiscal policies on supporting the socio-economic recovery and development program.
 Minister of Finance Ho Duc Phoc (photo: VNA) |
At the forum, the General Tax Department and the General Custom Department announced a number of solutions to help businesses, especially those concerning administrative reforms, digital transformation application, tax development, and electronic customs clearance. Minister of Finance Ho Duc Phoc promised to ensure sufficient fiscal resources for the country’s socio-economic recovery and development.
"Businesses will be helped with interest rates. We will allocate 1.8 billion USD worth of 2% of interest rates to help businesses. We will invest nearly 5 billion USD among 7.7 billion USD for development investment in upgrading infrastructure with focus on the north-south highway and other highways. There will be other policies in place like additional elimination of 37 types of fees and continuation of incentives which have been implemented since 2021. This is a great effort to help businesses by the Ministry of Finance."