The Ministry of Finance (MoF) has suggested a series of solutions related to fiscal and tax policies in support of citizens and businesses this year, Deputy Minister of Finance Nguyen Duc Chi told a regular press conference of the Government in Hanoi on January 3.

Given the little room left for monetary policy to add stimulus to the economy, fiscal policy would be the engine of growth next year, according to Ho Sy Hung, vice chairman of the Commission for the Management of State Capital at Enterprises.

VOV.VN - Inflation is currently being well controlled in Vietnam thanks to an active and flexible monetary policy, coupled with self-control in the supply of basic necessities in the country, according to foreign experts.

Fiscal policies have worked to promote economic growth and control inflation in the first months of this year, Deputy Minister of Finance Vo Thanh Hung said, adding that close watch should be placed on the market to ensure inflation is within the National Assembly’s target.

VOV.VN - The World Bank (WB), in its East Asia and Pacific Economic Update on April 5, has lowered Vietnam’s GDP growth rate for this year to 5.3% from its 5.5% projection in January.

Prime Minister Pham Minh Chinh on January 6 urged the financial sector to harmoniously combine fiscal and monetary policies, and better the State budget management work in 2022.

VOV.VN - The policy of living safely alongside the COVID-19 pandemic, coupled with rapid vaccination and fiscal policy support, are expected to help the domestic economy to recover, according to the latest Vietnam Macro Monitoring report released by the World Bank (WB).

Vietnam’s GDP growth forecast for this year has been lowered to 2-2.5%, according to the World Bank's October 2021 Vietnam Macro Monitoring.

VOV.VN - The nation must pay close attention to promoting the development of industrial production and retail due to both sectors continuing to be adversely impacted by the novel coronavirus (COVID-19) pandemic, according to the World Bank (WB).