Tardy public spending will hinder post-pandemic economic recovery
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17/07/2021
10:35
GMT+7
The COVID-19 health crisis and the resulting economic downturn has thrown a spanner in the works of already tardy public spending, hindering Vietnam’s efforts to revive its post-pandemic economy and speed up slowing GDP growth.
A section of road running through Tan An City (Long An Province) of Ho Chi Minh City-Trung Luong Expressway, part of the North-South Expressway. — VNA/VNS Photo
“Public investment plays a central role in stimulating the private sector for socio-economic development, especially infrastructure development. It is also significant in the promotion of Vietnam's economic growth in the period of 2021-2025,” Economist Nguyen Bich Lam, former Director of the General Statistics Office, said.