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.

Deputy Prime Minister Le Minh Khai on December 27 asked the Ministry of Finance (MoF) to effectively put in place issued policies and those expected to be adopted in order to untangle knots facing businesses, control inflation, and spur socio-economic recovery and development, thus achieving the targets set for 2024.

The total revenue to the State budget as of December 25 surpassed VND1.69 quadrillion (nearly US$69.5 billion), up 4.5% compared to the yearly estimate, heard a conference hosted by the Ministry of Finance in Hanoi on December 27.

VOV.VN - Prime Minister Pham Minh Chinh hosted separate receptions for Turkish Minister of Budget and Finance Mehmet Simsek and Minister of Industry and Technology Mehmet Fatih Kacir in Ankara on November 30.

VOV.VN - Budget airline Vietjet is scheduled to run direct fights between Ho Chi minh City (Vietnam) and Shanghai (China), starting on December 1, 2023.

VOV.VN - The National Assembly (NA) approved a resolution on November 10 regarding the state budget allocation plan for 2024.