Home Current News Vietnam needs stimulus package to alleviate coronavirus impact, ministry says

Vietnam needs stimulus package to alleviate coronavirus impact, ministry says

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Vietnam needs stimulus package to alleviate coronavirus impact, ministry saysVietnam must work out a stimulus package this month to help businesses cope with a coronavirus epidemic that is expected to keep the economy from achieving a target of 6.8% growth this year, the planning ministry said on Wednesday. The virus outbreak has killed more than 1,100 people in China, Vietnam’s largest trading partner, and the southeast Asian nation confirmed another case on Tuesday, taking its total to 15. Vietnam’s central bank should offer credit support for small- and medium-sized enterprises and farmers hit by the virus, it said, such as interest rate cuts and deferred loan repayment.

Source: yahoo.com/news