Timing is essential for support programs to be effective. The injection of cheap capital into the market under new supporting programs would help businesses offset negative impacts from the pandemic and resume operation, but timing proves to be an essential factor for such a policy to be effective. Electronics production at Rhythm Precision Vietnam in Soc Son District. Photo: Pham Hung In early 2022, the National Assembly issued Resolution No.43/2022/QH15 on monetary and fiscal support programs worth a combined total of VND350 trillion (US$15.4 billion) to aid economic recovery and adaptation to a new normal. These include a fiscal support package of VND291 trillion ($12.8 billion) and a monetary one of VND46 trillion ($2 billion). Under these programs, the Government via the network of commercial banks would allocate a maximum of VND40 trillion ($1.76 billion) to offer an interest subsidy of 2% per annum for businesses in priority fields, especially those … [Read more...] about Businesses expect fast implementation of new support programs