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Update news debt payment
The monthly pay to chairs of state-owned economic groups is up to VND86.4 million a month, but the salary of managers of joint stock companies where the state holds a controlling stake is up to VND151.2 million a month.
The slow disbursement of capital has stalled many projects, affecting socio-economic development.
Acting on behalf of the government in disbursing capital for the nation’s important projects, the Vietnam Development Bank (VDB) has been found committing serious violations.
VietNamNet Bridge - A public debt clock is a symbol which reminds the government, state agencies and public of the VND29 million worth of public debt now put on the shoulders of every Vietnamese.
VietNamNet Bridge - The Central Institute of Economic Management (CIEM) said that government debt of VND30 trillion to the State Bank of Vietnam (SBV) put pressure on monetary policy.
VietNamNet Bridge – National Assembly (NA) chairman Nguyen Sinh Hung on October 9 urged ministers to solve problems in connection to budget collections and spending to secure budget safety in 2014 and 2015.
VietNamNet Bridge – In the January-November period of 2013, the state budget paid VND89.5 trillion of debt ($4.26 billion), equivalent to about 11 percent of the total budget spending.