Inefficient State-owned enterprises must be handled this year, Prime Minister Nguyen Xuan Phuc has said.

VietNamNet Bridge - The Government Inspectors’ conclusion that $5 billion worth of state’s money is “wrongly spent”’ a year has stirred up the public.

 Proposals to raise certain tax rates to balance the State budget have received little in the way of support.

The budget deficit in the first half of the year hit VNĐ82.9 trillion (US$3.7 billion) due to rising recurrent expenditures and the repayment of debts, the General Statistics Office reported.

VietNamNet Bridge - The State invests in many enterprises as a big shareholder, but it sometimes does not receive dividends from enterprises, even though they make big profits. 

While total receipts of the state in the first four months of the year were VND317 trillion, total expenses reached VND370 trillion. The Ministry of Finance’s April report released on May 9 once again showed that the state budget is limited.

 VietNamNet Bridge – Ta Dinh Xuyen, deputy director of the National Centre for Socio-economic Information and Forecast, spoke to newspaper Nong thon Ngay nay (Countryside Today) about the forecast for Viet Nam's economy in 2016.

The Government of Vietnam is running a rising budget deficit, which has been in the news. Some government ministers have expressed concern over the budget deficit during the ongoing session of the National Assembly. 

VietNamNet Bridge - The Ministry of Finance (MOF) fulfilled only one-fourth of the yearly government bond issuance plan by the end of April, raising concerns that the state budget would not have money to spend this year.

 VietNamNet Bridge – Balancing the budget in the context of continuing drop in world oil prices is one of the important issues discussed by the government at a cabinet meeting on December 1.