US EditionVietnam passes US$1.7bn for layoffs, rejecting Sri Lanka style revenue based fiscal consolidation
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Vietnam passes US$1.7bn for layoffs, rejecting Sri Lanka style revenue based fiscal consolidation
ECONOMYNEXT – Vietnam’s National Assembly has given the nod for a supplementary estimate of 44 trillion dongs (about 1.7 billion dollars) to be used to pay state workers who are laid off to trim the public sector, a media report said. Vietnam is planning to reduce one fifth of the public sector workers at all levels of government and re-deploy the funds for free education and other priority areas. The resolution was passed with 436 out of 438 de…
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