Vietnam: Economy faces more virus-related risks

Vietnam: Economy faces more virus-related risks

A man passes walks past a billboard on the Covid-19 coronavirus in Ho Chi Minh City on Dec 4, 2021. (Photo: AFP)
A man passes walks past a billboard on the Covid-19 coronavirus in Ho Chi Minh City on Dec 4, 2021. (Photo: AFP)

Vietnam's Prime Minister Pham Minh Chinh warned his country's economy will continue to face pandemic-related risks ranging from a widening state budget deficit to rising bank bad debts this year, according to the government's website.

Chinh said the challenges will require "very skillful" measures, the website reported, citing the premier during a meeting with local government officials on Wednesday.

The difficulties facing the economy include struggling businesses, disbursement of public investments at a multi-year low, the state budget’s increasing non-recurring revenue and the pandemic’s affect on efforts to restructure the economy, the prime minister said.  


Do you like the content of this article?
COMMENT (3)

PM woos investors

The prime minister calls for Japanese support in making Thailand the world's major electric vehicle production hub, at the Nikkei Forum in Tokyo.

15:35

Cambodia hails US ties, seeks relief on China-linked sanctions

Cambodia said ties with the US had improved significantly and it expects the Biden administration to lift sanctions imposed over its ties with China “very soon”, a senior minister said on Wednesday.

15:25

More job seekers headed to Malaysia arrested in Songkhla

SONGKHLA: Twenty-six illegal Myanmar migrants heading for promised work in Malaysia, after borrowing up to 50,00 baht to pay job brokers, were arrested near the southern border in Sadao district early on Thursday.

15:06