state budget

Update news state budget


 State to keep stake in equitised SOEs; Revised law prioritises local contractors; Local auto makers toast jump in January sales; Oversupply forces cement producers to look abroad; Vietnam-Japan trade hits 25.6 bln USD

City scrambles for funds to restore deteriorated relics

 VietNamNet Bridge – Over 600 relics in Ha Noi have been seriously damaged and are in need of immediate restoration work, but funds for the work have not been made available in the municipal budget.

Lawmakers discuss State budget spending priorities

VietNamNet Bridge – National Assembly deputies looked into the spending of the 2013 State budget and the State budget estimates and allocation for the next year at their sitting last Saturday.

State budget facing shortfall as tax collection lags behind target

 State budget collection in the first nine months of the year met only 66.6 per cent of the annual target.

Gov't spends big on promoting IT

 VietNamNet Bridge – At least two per cent of the State Budget is set to be spent on boosting the nation's IT sector each year, according to a draft resolution compiled by the Ministry of Information and Communications.

Construction law puts onus on developers

 VietNamNet Bridge – The revised Law on Construction is expected to assign more responsibility to owners of construction projects in ensuring projects are carried out efficiently and follow regulations.

Deficit higher than expected

VietNamNet Bridge – Viet Nam's State budget deficit was estimated to hit VND92.39 trillion in the first half of this year, equal to 57 per cent of the annual plan set by the National Assembly,

First-half budget revenue meets 44% of estimate

 VietNamNet Bridge – State budget revenue collection was a difficult task in the first half of the year, with some VND356.5 trillion collected, or only 44% of the estimate for the whole year,


 PM pushes for state budget collection target; Vice NA Chairwoman receives Lao youth delegation; Young Viet kieu welcomed home

Gov't invests in cinema industry

 VietNamNet Bridge – More than VND6.5 trillion from the State budget will be spent in developing the cinema industry nationwide from now to 2020, according to the Department of Cinematography.

Handling bad debt

On the sidelines of the bad debt management training course co-organized by Business Development Institute and Swiss Asia Banking School, Le Xuan Nghia, head of BDI, talked to local media about the bad debt handling process in Vietnam.

State to honour heroes by funding historical biopics

 VietNamNet Bridge – The Ministry of Culture, Sports and Tourism has decided to use funds from the State budget to produce four feature films, three of which will be historical biopics.

PM eyes 6 percent of GDP growth in 2014

VietNamNet Bridge – The Prime Minister has issued a directive urging ministries, sectors, local authorities and State-owned corporations to build socio-economic development plans and State budget estimates for 2014

Assembly adopts three laws and two resolutions

VietNamNet Bridge – The National Assembly reviewed State Budget revenue streams dating back to 2011, identified a series of shortcomings in the capital disbursement process and discussed changes to the country's project bidding law

Families, society have to spend too much money on students’ exams

VietNamNet Bridge – Vietnam has to spend hundreds of billions of dong to organize high school finals every year. The same sum of money is spent on the university entrance exams.

Debt seen heavier in years to come

VietNamNet Bridge – The debt burden on the country will get heavier in the coming years, with debt obligations forecast to rise from VND126.8 trillion this year to VND152.6 trillion in 2014 and VND173.1 trillion in 2015.

Rural midwives rewarded with pay rise

 VietNamNet Bridge – The role of village midwives in the country's health system will officially be recognised when the Ministry of Health's circular 07/2013/TT-BYT comes into effect at the beginning of next month.

Ministry feels headache at budget revenue shortfall

 VietNamNet Bridge – The Ministry of Finance is facing a hard problem as the danger of central State budget collection shortfall has turned visible whereas local business community is calling for a cut in corporate income tax.

Gov’t inspectors report corruption cases in first quarter

 VietNamNet Bridge – In the first quarter of the year, government inspectors conducting a check of administrative offices have uncovered 14 corruption cases involving 37 offenders.  

US$100 million for overseas training for state employees

VietNamNet Bridge - About 1,800 state employees will be trained overseas by funding from the state budget in the period of 2013-2020.