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Ho Chi Minh City
Tuesday, July 16, 2024

Interest subsidy package and tourism development receive VND18.5 trillion

By T.H

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HCMC – The prime minister has decided to provide extra funding to the tourism development fund and the preferential credit package access to soft loans with an interest rate discount of two percentage points.

Deputy Prime Minister Le Minh Khai signed Decision 1126/QD-TTg adjusting and supplementing the estimated funding for the investment and development of the 2022 state budget for ministries, authorities and localities.

Over VND18 trillion would be allocated to the relief package and the tourism development fund.

The Government also put some VND19.5 billion into the estimate of investment and development for 10 ministries, authorities and 36 localities to carry out projects under public investment between 2021 and 2025.

Meanwhile, the Government cut nearly VND3 trillion of state budget capital for investment and development expenditure estimates, planned to be allocated to nine ministries, two localities and other authorities.

Nearly VND210 billion was sourced from an off-budget state financial fund of over VND424 billion for projects in six localities.

The tourism development fund was established under the prime minister’s Decision 49/2018/QD-TTg on December 12, 2018.

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