At the meeting (photo: quochoi.vn)

Deputies voiced more than 70 opinions on major issues with responses from the Ministers of Finance and Planning and Investment. Deputy Prime Minister Le Minh Khai said the 15 million USD stimulus package on social economic recovery has been allocated to purchase vaccines and medical equipment for pandemic control and the remaining fund will be spent depending on the situation.

The government’s Decree 15 on VAT tax reduction from 10% to 8% has been rolled out quickly. One-third of credit support funding has been disbursed. Relevant ministries will cooperate with provinces to finalize rent allowances for workers.

Minister of Planning and Investment addresses the meeting (photo: quochoi.vn)

Minister of Planning and Development Nguyen Chi Dung said the economic recovery is right on track but facing numerous challenges. Keeping the inflation rate below 4% this year was tough due to increasing prices of food, crude oil and input material following the Russia-Ukraine conflict and supply chain disruption

Mr. Dung said: "The government will closely watch and drastically use tools available to ensue supply and demand, inflation control, and tax and fee reduction to ease pressure on gasoline price with more support to the poor and those affected by price hike.”

Finance Minister Ho Duc Phoc hailed the stock market as a positive capital mobilization channel but called for more restructuring and productivity boost to raise income