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Could Vietnam benefit from $1.9 trillion US fiscal stimulus package?
11:29 | 10/03/2021
The $1.9 trillion fiscal stimulus package of the Biden administration is waiting for approval
The Biden administration’s $1.9 trillion fiscal stimulus package is waiting for the approval of the US Senate. The package would include $750 billion for COVID-19-related expenses such as vaccines, $600 billion for direct allowances for households ($1,400 each), $400 billion for allowances for fiscally challenged families ($400 after each week of unemployment), and $150 billion for small businesses.
Economist Phan Minh Ngoc said that equivalent to 10 per cent of the US GDP, if it is approved, the package will “make a great impact on not only the US economy but others too, including Vietnam”.

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