An 20.8% increase in the base salary for civil servants, public employees, and members of the armed forces from July 1 will lead to rises in prices of other goods and services, which may put a pressure on curbing 2023’s inflation, according to General Director of the General Statistics Office (GSO) Nguyen Thi Huong.

VOV.VN - The World Bank Board of Directors approved a US$263.9¬-million International Development Association credit for Vietnam on June 19, aimed at bolstering the country’s efforts to achieve an inclusive, green, and digitally-driven economic recovery with reforms aimed at supporting households, businesses, and expansion of renewable energy.

Andrea Coppola, World Bank Lead Economist for Vietnam speaks to Vietnam News Agency about his recommendations for the country to speed up economic recovery and development in the time to come.

Minister of Planning and Investment Nguyen Chi Dung on May 23 told the National Assembly (NA) that the socio-economic recovery and development programme has created a new development space, new motivation and new capacity for industries, fields and localities, making an important contribution to the country's economic growth, recovery and development.

Economic difficulties are on the shoulders of the banking industry as it has to stabilise the macro-economy, control inflation, and support economic growth and businesses, experts have said.

VOV.VN - The Government convened the regular April meeting under the chair of Prime Minister Pham Minh Chinh on May 5 to review the socio-economic situation in April and the first four months of the year, alongside a number of other important issues.

The Ministry of Finance has recently put forward a proposal to the government to bring down value-added tax (VAT) from 10% to 8% for a number of goods and services to boost the economy.

VOV.VN - The Prime Minister has directed relevant ministries, agencies and localities to resolve difficulties in terms of administrative procedures, capital accessibility, business conditions, debts, taxes and fees to facilitate business production.

A year since Vietnam reopened after a global pandemic, the country has seen trade recovering strongly.

VOV.VN - Prime Minister Pham Minh Chinh has asked that cabinet members carefully analyse the regional and global situation, as well as the current domestic situation, in a bid to give forecast potential issues for March and beyond.