The Government is looking at measures to curb the rising trend of petrol prices on the domestic market, which is placing a huge burden on the economy.
The ongoing COVID-19 pandemic is projected to cost Viet Nam nearly VND 200,000 billion (US$ 9.4 billion) in budget revenue, according to Prime Minister Nguyen Xuan Phuc.
Feeling insecure about the national financial situation, the National Assembly and the government have continued highlighting strict management of the state budget this year,
The Ministry of Finance will focus on improving the business climate and creating favourable conditions for businesses to accelerate growth, which is important to ensure State budget revenue amid the COVID-19 pandemic.
The fast spreading novel coronavirus has sent State budget revenues from exports and imports plummeting, with tariff collections averaging a mere VND1.3 trillion per day over the past two months, down by VND150 billion year-on-year.