#state budget

The resolution stipulates that cultural development funding will include a minimum of 2% of total annual state budget expenditure, alongside mobilised social resources.

A range of fiscal support measures have been implemented to help stabilise the market and support businesses although they are expected to reduce budget revenue in the coming period.

PM Chinh stressed that the top priority is to ensure no shortages of energy or fuel in any circumstances; minimise negative impacts from the energy crisis on macroeconomic management; and prevent disruptions to supply chains, production, business activities, and people’s consumption.

The National Assembly (NA) Standing Committee’s 11th session continued on May 11, discussing reports that assess the implementation of socio-economic development and State budget works in 2021 and in early months of 2022.

Many people have misunderstood a statement made by the Minister of Finance on the State budget, said the ministry.

Prime Minister Nguyen Xuan Phuc has decided to add VND502.9 billion (US$21.8 million) to the 2021 State budget expenditure estimate in a bid to step up COVID-19 pandemic prevention and control efforts.

Law makers continued to express their opinions on issues relating to socio-economic development and the State budget on June 15 during the 14th National Assembly (NA)’s on-going ninth session.

The tax sector’s state budget revenue was estimated at nearly 500 trillion VND (21.73 billion USD) in the first five months of this year, equal to 97.6 percent of the figure of the same period last year.

Vietnam Oil and Gas Group (PVN) on July 17 organized a meeting to review its operation in the first half of 2019 and roll out its plans for the second half.

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.

About 745.4 trillion VND (32 billion USD) was collected for the State budget in the first half of 2019, equivalent to 52.8 percent of the year’s target and up 13.2 percent year on year, according to the Ministry of Finance (MoF).

The Government has issued a program on practicing thrift and fighting wastefulness in 2019, with one of the measures requiring cutting 10 percent of regular budget spending. 

State budget collection was estimated to reach almost 1.4 quadrillion VND ND (60.2 billion USD) this year, 6 percent higher than the estimate, Minister of Finance Dinh Tien Dung told a teleconference between the government and localities cities in Hanoi on December 28. 

Ho Chi Minh City collected over VND269.1 trillion (nearly US$11.6 billion) for the State budget in the January-September period, up 9.88% year on year.

The 14th National Assembly completed its working agenda of the fifth session with numerous important issues under discussion during 21 days, said NA Chairwoman Nguyen Thi Kim Ngan at the closing ceremony in Hanoi on June 15.

Lawmakers heard the Government’s reports on State budget balance and State budget balance audit in 2016 in the afternoon of May 21, the first day of the fifth session of the National Assembly (NA).