state budget

Update news state budget

Coronavirus may lower Vietnam’s State budget by VND42.3 trillion: ministry

The State budget may face a shortfall of some VND42.3 trillion (US$1.8 billion) this year due to the ongoing spread of the novel coronavirus, or Covid-19, according to the Ministry of Planning and Investment.


PM asks to handle inefficient State-owned enterprises

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

Road accidents leave 22 dead on Lunar New Year

There were 21 road traffic accidents on January 25, the first day of the Year of the Rat, leaving 22 dead and 13 others injured.

Vietnam's fiscal deficit set to see a short-term spike: Fitch Solutions

Fitch Solutions maintain 2019 fiscal deficit forecast at 6.6%, but are revising up our 2020 and 2021 fiscal deficit forecasts for Vietnam to 7.0% and 7.2%, respectively, from 6.6% previously.

Vietnam succeeds in controlling public debt

A tightened fiscal policy and an effective control of state budget ultilisation have facilitated Vietnam in managing its public debt.

Tax collections up, but tax revenues from enterprises down

The total collection for the state budget may exceed VND46 trillion may not be good news, because the sources of revenue are uncertain and the collection from enterprises has decreased.

Vietnam imports 120,000 cars in ten months

Vietnam imported 120,000 assembled cars worth $2.66 billion in the first ten months of this year, according to the General Department of Vietnam Customs.

Buget collection still a sticky wicket

Vo Thanh Hung, director general of the State Budget Department under the Ministry of Finance, speaks to the Kinh tế & Đô thị newspaper about challenges tax offices face working with State-owned enterprises,

Bad management leads to budget overspending: economists

VietNamNet Bridge - Regular expenses are too high and many expenditure items are unnecessary: these are comments regularly seen in reports about the state budget.

Ministry seeks higher budget for environmental protection

National Assembly deputies have agreed that Vietnam needs to increase expenses on environmental protection after the Ministry of Natural Resources and the Environment (MONRE) reported that spending in 2017 can satisfy only 55 percent of the demand.

Restructure the State Budget to make it more efficient

Truong Ba Tuan, deputy director general of the Institute for Strategic and Financial Policies under the Ministry of Finance, speaks to Vietnam News Agency on the MoF’s proposal to restructure the national budget.

Cutting regular spending, not raising taxes, will reduce public debt

While the Ministry of Finance (MOF) is seeking approval for tax hikes to increase the state budget revenue, economists point out that only reasonable government spending will help ease the budget deficit.

Streamlined gov’t is a good gov’t

Bui Thi An, Associate Professor and a former deputy to the 13th National Assembly, speaks to Kinh te & Do thi newspaper about the draft proposal on the re-organisation of city/provincial departments across the country.

Ministry proposes to use state money to settle banks’ bad debts

One of the controversial points in the draft plan on restructuring the national economy in the 2016-2020 period drafted by the Ministry of Planning and Investment is the use of the state’s money to settle commercial banks’ bad debts.

PVN expects to reach target despite low global oil prices

The Vietnam National Oil and Gas Group (PVN) earned VND253 trillion (US$11.3 billion) in revenue and paid VND50.7 trillion to the State budget in the first seven months of this year.

Despite price fall, Vietnam exploits oil, opens Red River coal basin

As the crude oil price keeps falling, state budget revenue has decreased. However, despite the bad news, Vietnam still has to continue exploiting oil and consider opening the Red River coal basin.

Will revenue from oil be reserved for descendants?

VietNamNet Bridge - Government officials say it’s the right time to seriously think about putting aside revenue from oil for descendants. 

National budget law must be upheld: Minister Bui Quang Vinh

VietNamNet Bridge – Bui Quang Vinh, Minister of Planning and Investment, spoke to the newspaper Tien Phong (Vanguard) about money disbursement in the central and local budgets. 

Government rushes to borrow money for spending

VietNamNet Bridge - The government plans to borrow VND116 trillion this year to cover ispending, as a report to the National Assembly shows a budget deficit.

“Flappy Bird is still a life achievement to me”: Nguyen Ha Dong

VietNamNet Bridge - Two years have elapsed since Nguyen Ha Dong roused the world gamer community with his Flappy Bird. But the name Nguyen Ha Dong has always been hot.