Tag: state budget
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.
NA Standing Committee approves reduction of environment tax on jet fuel
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%.
Vietsovpetro fulfills output goal one month ahead schedule
The Vietnam – Russia oil and gas joint venture Vietsovpetro has reported an oil and condensate output of nearly 3.14 million tonnes in the first 11 months of this year, 9.4% higher than its yearly plan.
Cabinet meeting reviews socio-economic targets and efforts in COVID-19 fight
VOV.VN - Prime Minister Nguyen Xuan Phuc on December 2 chaired a regular Government meeting for November, with there now being less than 30 days until the end of the year, which has represented a period full of fluctuations, challenges, and difficulties.
International financing key to develop Vietnam's power sector: Officials
Vietnam needs US$150 billion to invest in power projects in the next 10 years, equal to half the country’s current gross domestic product (GDP), which raises demand for international financing.
