VOV.VN - Numerous FDI enterprises have consistently reported losses over the course of several years, despite continuing to invest in and expand production and business activities, along with an annual increase in revenue, thereby causing losses and damage to the state budget.
The Commission for the Management of State Capital at Enterprises (CMSC) has completed the settlement of 233 out of 259 cases transferred from ministries, including 44 handled in 2020, heard a conference in Hanoi on January 11.
Prime Minister Nguyen Xuan Phuc on January 11 said the Vietnam Oil and Gas Group (PetroVietnam) needs to remain a role model in expanding markets, optimising opportunities, connecting investment, and reviving growth, among other matters.
The financial sector needs to renovate more strongly to free up resources to meet the country’s development objectives, Prime Minister Nguyen Xuan Phuc told an online meeting to review financial sector and State budget performance in 2020 and define tasks for 2021.
The financial sector expects to collect over VND1.343 quadrillion (US$58.4 billion) for the State budget in 2021, equivalent to 15.5% of the country’s gross domestic product (GDP), said the Ministry of Finance.
Nearly VND1.279 quadrillion (US$55.3 billion) in taxes was collected for the State budget in 2020, almost VND24.35 trillion, or 1.9%, higher than the annual target and VND175.85 trillion more than the estimate reported to the National Assembly (NA).
The Government has recently issued Resolution No.01/NQ-CP on key measures to carry out the 2021 socio-economic development plan and State budget estimate.
The Ministry of Transport has proposed Prime Minister Nguyen Xuan Phuc approve the allocation of an additional VND1.18 trillion (US$51.7 million) from the State budget to Deo Ca Tunnel Project.
The Vietnam – Russia oil and gas joint venture Vietsovpetro sets to exploit nearly 3 million tonnes of oil equivalent and condensate in 2021, according to Director General Nguyen Quynh Lam.
Despite a decline in state budget revenue, remittances, and foreign direct investment, Vietnam is expected to see positive growth with a surplus in current account this year thanks to a rise in export turnover and foreign currency reserves.