ADB Country Director: FDI capital a long-term vote of confidence
FDI disbursement this year is estimated at $7.7 billion; the highest for five years.
Huge government economic support program to come
The government’s economic recovery support program, expected to be of unprecedented scale and including a fiscal policy package accounting for between 5 and 7 per cent of Vietnam’s GDP, as recommended by the Asian Development Bank (ADB), will strengthen confidence in the market and among investors, creating momentum for the economy and growth in the stock market.
ADB: Vietnam should increase economic support package
The size of the economic support package from the State budget is only equal to less than 3 per cent of GDP and should be raised to 5-7 per cent, Mr. Nguyen Minh Cuong, Chief Economist at the Asian Development Bank (ADB) in Vietnam, has said, in order to meet the needs of the country’s economy and to post positive results in economic development.