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.

Total tax collection in 2020 is estimated at over VND1.26 quadrillion (US$54.37 billion), equivalent to 100.6% of the estimate, Deputy Director of the General Department of Taxation Dang Ngoc Minh said on December 31.

Vietnam is set to be home to 26 airports by 2030, 14 of which will be international, according to a draft master plan on the development of the national airport network to 2030 and vision to 2050 from the Civil Aviation Administration of Vietnam (CAAV).

The disbursement of State budget capital reached an estimated 91.1% of the plan set for the year and rose 34.5% year-on-year, the highest rate in the 2011-2020 period.

State budget revenue has reached over VND1.3 quadrillion (US$59.5 billion) so far this year, representing 91.14% of the annual estimate, according to the Deputy General Director of the State Treasury, Nguyen Quang Vinh.

The Ministry of Finance has announced the State budget estimates for 2021, which target over VND1.34 quadrillion (US$58.2 billion) in State budget revenue.

The National Assembly Standing Committee on December 10 passed a resolution on the new environment tax rate on jet fuel in 2021, under which the rate will be VND2,100 per litre, down 30%.