The Vietnam Oil and Gas Group (PetroVietnam) has set a goal of reducing average crude oil exploitation costs in order to sustain business during the 2020-2025 period, even if crude oil price drops to US$30 per barrel.
The Ministry of Finance forecast a budget overspending at 5-5.1% of gross domestic product (GDP) this year, about 1.5-1.6 percentage points higher than the Government’s plan due to the impacts of the COVID-19 pandemic.
The My Dinh National Stadium will be repaired at the end of October to prepare for the organisation of SEA Games 2021, according to the National Sports Administration.
The Ministry of Finance will focus on improving the business climate and creating favourable conditions for businesses to accelerate growth, which is important to ensure State budget revenue amid the COVID-19 pandemic's impacts on socio-economic development.
Deputy Prime Minister Vuong Dinh Hue asked the State Treasury of Vietnam to manage the State budget efficiently, which is critical in promoting socio-economic development.
There were 21 road traffic accidents on January 25, the first day of the Year of the Rat, leaving 22 dead and 13 others injured.
Minster of Finance Dinh Tien Dung on January 13 asked for greater efforts from the tax sector to well implement the budget collection plan for 2020 assigned by the National Assembly and the Government.
The Ministry of Finance aims for State budget revenue in 2020 to be 3 percent higher than the estimate set by the National Assembly, said Minister Dinh Tien Dung on January 10.
This year, Ho Chi Minh City will continue to restructure the economy, improve competitiveness and labour productivity, and meet the city’s State budget target as set by the Government.
Vietnam's customs department contributed a record 348 trillion VND (15 billion USD) to the State budget from the collection of import and export taxes in 2019, according to the General Department of Customs.
Ho Chi Minh City was assigned to collect 405.83 trillion VND (17.5 billion USD) for the state budget in 2020, a rise of 1.68 percent compared to last year’s estimates, said Chairman of the municipal People’s Committee Nguyen Thanh Phong.
The PetroVietnam Exploration Production Corporation (PVEP) has completed its yearly plan to exploit 4.33 million tonnes of oil equivalent earlier than scheduled.
The Vietnam Oil and Gas Group (PetroVietnam) has exceeded its set yearly targets in terms of revenue, profit and state budget contribution two months before the year-end.
Finance Minister Dinh Tien Dung presented a report on the State budget performance in 2019, estimates for 2020 and the five-year financial plan (2016-2020) to the National Assembly on October 31.
The National Assembly (NA) will continue the discussion on socio-economic and State budget performance on October 31 as part of the ongoing 8th session.
Hanoi has maintained a high growth rate so far this year, with the GRDP expanding 7.35 percent in the first nine months of this year, it was reported at the 10th session of the city’s People’s Council on October 25.
NA deputies discussed measures to ensure stability of the State budget collection during the afternoon sitting of the ongoing eighth session of the 14th National Assembly (NA), which opened on October 21.
The Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin) recorded a high growth of 14 percent in the first nine months of 2019, the highest level in the industrial sector.
The 12th Party Central Committee’s 11th session entered the fourth working day in Hanoi on October 10.
In July 2019, ministries and people’s committees of central cities and provinces received a request to study Chinese policy on night-time economy development.