The Ministry of Finance (MoF) is drafting a plan to mobilize some VND157 trillion ($6.6 billion) to continue economic recovery programs in 2023.

Mobilization will depend on State budget collection and expenditure in 2023 as well as domestic and foreign markets.

The focus will be on mobilizing resources from government bonds, official development assistance (ODA), and other foreign preferential loans, the ministry has said.

It implemented timely policies last year to respond to the impact of Covid-19 and to spur the socio-economic recovery and development program contained within the National Assembly’s Resolution No. 43/2022/QH15 with a number of fiscal and monetary support packages.

Tax support has included a reduction of 2 percentages points in value added tax rates to promote production and consumption and extensions to tax and land fee payment deadlines.