Tag: state budget
2020 tax revenue surpasses annual target
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).
Gov’t issues Resolution on 2021 socio-economic development
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.
Ministry asks PM to approve extra funding for tunnel project
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.
Vietsovpetro eyes close to 3 mln tonnes of oil equivalent in 2021
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.
Faith abounds in growth prospects
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.
Tax revenue tops US$54.37 billion in 2020
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 to have 26 airports by 2030: CAAV
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).
Disbursement of State budget capital in 2020 highest in past decade
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 totals nearly US$60 billion
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.
Fiscal deficit to stay at 4% of GDP next year: MoF
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.
