Public spending

Update news Public spending

The COVID-19 health crisis and the resulting economic downturn has thrown a spanner in the works of already tardy public spending, hindering Vietnam’s efforts to revive its post-pandemic economy and speed up slowing GDP growth.

Localities more transparent with their public spending: report

Local governments have become more transparent with public spending and are showing better practice publicising documents related to State budget spending, according to a report published on Thursday.

HCM City warns officials against failure to achieve public spending targets

 VietNamNet Bridge – The HCM City People’s Committee has decided to penalise all departments or localities that end up with less than 50 per cent of their budgeted public spending for this year.

Economic outlook gloomy

Vietnam’s economic outlook is not so bright since fundamental shortcomings have not been remedied and economic restructuring has not yet kicked off, said the Economic Committee of the National Assembly..