Vietnam Mulls $15.2 Billion in Aid For Covid-Hit Economy

Vietnam’s government is seeking 347 trillion dong ($15.2 billion) in stimulus to lift an economy hobbled by the widespread outbreak of Covid-19, a significantly slimmed down proposal that nonetheless looks to assist businesses, workers and increase infrastructure spending.

The measure includes 176 trillion dong in infrastructure projects for 2022-23, Planning and Investment Minister Nguyen Chi Dung told the National Assembly, which is holding a special session in Hanoi to consider stimulus measures. The government is proposing increasing the state budget deficit by 240 trillion dong for the period, he said.