Crucial for Vietnam to stablise economy, boost recovery: Minister Hung

It is important for the country to focus more on improving policies to effectively mobilise resources for development, enhancing business climate and accelerating mobilisation of non-state resources, Nguyen Nhu Quynh, deputy director of the ministry of finance’s National Institute for Finance (NIF) said.

He also emphasised the need to tighten control of the budget deficit, properly manage public debts and step by step provide more fiscal space for heightening the national finance’s resilience, according to a Vietnamese newspaper report.

According to the next decade’s Finance Strategy, the national finance policy plays a pioneering role in effectively mobilising, distributing and using both domestic and foreign resources, and directing the resources into fulfilling priority socio-economic development goals in each certain period of time.

Fibre2Fashion News Desk (DS)