state budget

Latest News about state budget

Ha Long Bay’s entrance fees reinvested to help infrastructureicon
BUSINESS09/07/20200

Ha Long Bay’s entrance fees reinvested to help infrastructure

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.

 
NA Standing Committee urges Gov’t to build short-, long-term development scenariosicon

NA Standing Committee urges Gov’t to build short-, long-term development scenarios

POLITICS
17/05/2020

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,

State-owned enterprises forecast revenue down due to virusicon

State-owned enterprises forecast revenue down due to virus

BUSINESS
13/05/2020

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.

Pandemic recovery public investment must be monitored, says committeeicon

Pandemic recovery public investment must be monitored, says committee

BUSINESS
08/05/2020

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.

Tax cuts proposed for SMEs to accelerate growth after COVID-19icon

Tax cuts proposed for SMEs to accelerate growth after COVID-19

BUSINESS
22/04/2020

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.

Nosediving oil price deals a blow to state budgeticon

Nosediving oil price deals a blow to state budget

BUSINESS
01/04/2020

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.

NA Standing Committee to open March 23icon

NA Standing Committee to open March 23

POLITICS
22/03/2020

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.

Financial dilemma over air strips of Noi Bai and Tan Son Nhat airportsicon

Financial dilemma over air strips of Noi Bai and Tan Son Nhat airports

BUSINESS
09/03/2020

State management agencies are at a loss in finding suitable capital for improving the runways at Noi Bai and Tan Son Nhat international airports.

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

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

BUSINESS
19/02/2020

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 enterprisesicon

PM asks to handle inefficient State-owned enterprises

BUSINESS
04/02/2020

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

Road accidents leave 22 dead on Lunar New Yearicon

Road accidents leave 22 dead on Lunar New Year

SOCIETY
26/01/2020

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 Solutionsicon

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

FEATURE
01/01/2020

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 debticon

Vietnam succeeds in controlling public debt

BUSINESS
15/11/2019

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 downicon

Tax collections up, but tax revenues from enterprises down

BUSINESS
09/11/2019

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 monthsicon

Vietnam imports 120,000 cars in ten months

BUSINESS
07/11/2019

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.