Latest News about state budget
Around $108.7 million sourced from the State budget, private donors and Ha Long Bay’s entrance fees will be invested this year in building 57 new pieces of infrastructure in Ha Long city, the northern province of Quang Ninh.
The Government should take the initiative in building short- and long-term scenarios for socioeconomic development and review major targets of the economy for 2020 and 2016-2020, which will be the basis for adjusting targets,
Nineteen State-owned groups and corporations expect to incur losses of some VND26 trillion (US$1.1 billion) this year due to the coronavirus crisis.
As Vietnam employs unprecedented measures to recover from the economic ravages of the COVID-19 pandemic with hastened disbursement of public investment, supervision must be enhanced to prevent profiteering, politicians have warned.
The Ministry of Planning and Investment has asked for corporate income tax (CIT) to be cut for small and medium-sized enterprises (SMEs) by half this year in an effort to boost growth when the COVID-19 pandemic eases.
Though the steep dive in global crude oil price will benefit domestic logistics and production, it will not be good for local petrol firms and the state budget.
The National Assembly Standing Committee will convene its 43rd session in Hanoi from March 23-25 under the management of Chairwoman Nguyen Thi Kim Ngan and her deputies.
State management agencies are at a loss in finding suitable capital for improving the runways at Noi Bai and Tan Son Nhat international airports.
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.
Inefficient State-owned enterprises must be handled this year, Prime Minister Nguyen Xuan Phuc has said.
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.
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.
A tightened fiscal policy and an effective control of state budget ultilisation have facilitated Vietnam in managing its public debt.
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 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.