The Government has proposed the National Assembly (NA) allow the use of VND18.22 trillion (US$715.6 million) sourced from the increased sum of the 2023 central budget collection for 14 public investment projects.

The disbursement of public investment from the State budget in the first five months of this year was estimated to reach VND190.6 trillion (US$7.44 billion), equal to 26.6% of the yearly target and 5% higher than the same period last year, according to the General Statistics Office (GSO).

VOV.VN - The 15th National Assembly (NA) reviewed the socio-economic performance and State budget for 2023 and the first months of 2024, as part of the ongoing seventh session in Hanoi on May 29 under the chair of NA Chairman Tran Thanh Man.

The completion of financial-budget tasks requires strong, creative and flexible efforts as well as high determination not only from the financial sector but all sectors, localities and especially people and businesses, stated Minister of Finance Ho Duc Phoc.

Ho Chi Minh City’s gross regional domestic product (GRDP) was estimated at over VND406.34 trillion (US$16.34 billion) in the first quarter, a year-on-year increase of 6.54%, the highest growth recorded for Q1 since 2020, heard a meeting of the municipal People’s Committee on April 2.

Vietnam's State-owned oil and gas giant Petrovietnam has defied rising market risks with a strong performance in the first two months of this year, recording a 19% year-on-year increase in turnover and a 5% growth in its contribution to the State budget.

An estimated VND399.4 trillion (nearly US$16.18 billion) was collected for the state budget in the first two months of 2024, equivalent to 23.5% of the year’s target and up 10.4% from a year earlier, the Ministry of Finance reported on March 6.

Prime Minister Pham Minh Chinh on February 5 chaired a working session with the Commission for Management of State Capital at Enterprises (CMSC) and 19 groups and corporations under the commission's management to look into their production and business plans for 2024 and measures to promote socio-economic development investment in the year.

Prime Minister Pham Minh Chinh has assigned relevant ministries and agencies to remove any existing obstacles as soon as possible, thus providing unwavering support for the Vietnam Oil and Gas Group (Petrovietnam) to further develop and ensure national energy security.

Vietnam’s public debt in 2023 amounted to VND3.8 quadrillion, equivalent to 37% of gross domestic product (GDP), according to the Ministry of Finance.