Finance Minister Ho Duc Phuc presented the Government's report on the results of thrift practice in 2020.

According to the Government's report on practicing thrift (updated by May 5, 2021) submitted to the National Assembly Standing Committee, 117 agencies, including 34 ministries, 63 provinces and cities, and 20 state-owned corporations saved more than VND84,635 billion, including VND50,628 billion for the state budget.

The Electricity of Vietnam Group (EVN) ranked first, saving VND15,755 billion, followed by Hanoi with VND10,287 billion, Vietnam Oil and Gas Group (PetroVietnam) with VND6,558 billion, Military Industry - Telecommunications Group (Viettel) with VND3,999 billion, Ministry of Defense with VND3,703 billion and Ministry of Finance with VND2,059 billion.

The 10 agencies that saved from VND1,000 to VND2,000 billion included: Vietnam Social Security, Vietnam Coal and Mineral Industries Group, Vietnam Maritime Corporation and the provinces of Lam Dong, Can Tho, Thanh Hoa, Vinh Phuc, Ba Ria - Vung Tau, Yen Bai, and Binh Duong.

The five units and localities that saved the least were: State Capital Management Commission with only VND327 million, Vietnam Development Bank with VND1.349 billion, Northern Food Corporation with VND2.641 billion, Ministry of Construction with VND4.579 billion, and Vietnam Television (VTV) with VND5.745 billion.

Two places have not submitted their reports on thrift practicing in 2020 - Ho Chi Minh City and Dong Thap province.

After reviewing the Government's report, the Finance and Budget Committee of the National Assembly assessed that the practice of thrift and anti-waste has achieved many positive results. However, there are still some shortcomings and limitations that need to be overcome.

The committee noted that the implementation of some projects was slow, for example the Ben Luc - Long Thanh expressway project; and terminal T3 of Tan Son Nhat airport, Long Thanh international airport and the eastern North - South expressway project.

Thu Hang