Tag: state budget
State budget collection tops VND1 quadrillion in 7 months
The total revenue to the State budget between January and July exceeded VND1.01 quadrillion (US$42.53 billion), equaling 62.7% of the yearly estimate and dropping by 7.8% from the same period last year.
Seven-month budget collection from export-import down nearly 20%
State budget collection in the first seven months of this year stood at VND211.23 trillion (US$8.89 billon), equivalent to 49.7% of the estimate, down 19.6% year-on-year, the General Department of Vietnam Customs reported on August 3.
Public investment disbursement improves in seven months
The disbursed capital sourced from the state budget topped VND291 trillion (US$12.3 billion) in the first seven months of 2023, equivalent to 41.3% of the yearly target and rising 22.1% from a year earlier, showing an observable improvement in public investment disbursement, said the General Statistics Office (GSO).
H1 state budget revenue reaches 54% of yearly target: MoF
The state budget revenue stood at VND875.8 trillion (US$37 billion) in the first half of 2023, equivalent to 54% of this year’s target, reported the Ministry of Finance (MoF).
2% VAT cut proposal gets the go-ahead
VOV.VN - Lawmakers on June 24 approved a resolution on the reduction of the value added tax (VAT) by 2% within six months in an attempt to reboot the economy and stimulate consumption.
NA passes resolution on 2021 State budget settlement
The 15th National Assembly (NA) on June 19 adopted a resolution approving State budget settlement in 2021, during its ongoing fifth plenary session.
Vietnam’s public employees earn wage less than Southeast Asian peers
Higher wages are needed to attract and retain employees working for the public sector in Vietnam who are lagging behind their peers in many Southeast Asian countries in terms of income, the online newspaper Vietnamnet reported.
NA Standing Committee convenes meeting
National Assembly Chairman Vuong Dinh Hue chaired a meeting of the NA Standing Committee in Hanoi on June 12.
State budget revenue nears VND770 trillion in five months
State budget collection in the January-May period was estimated at over VND769.6 trillion (US$32.75 billion), equivalent to 47.5% of the estimates for the whole year, the Ministry of Finance reported on June 8.
State budget revenues from export-import down 18% in five months
The State budget's revenues from export-import activities hit over VND152.94 trillion (US$6.5 billion) in the first five months of this year, making up 36% of the estimate, down 18% year on year, the General Department of Vietnam Customs (GDVC) reported on June 7.
