Ministry of Finance tops 2020 open budget index rankings

With 66.63 points, the Ministry of Finance tops the 2020 Ministry Open Budget Index (MOBI), followed by the Ministry of Justice with 48.41 points.
Ministry of Finance tops 2020 open budget index rankings ảnh 1Illustrative photo (Source: VNA)

Hanoi (VNA) – With 66.63 points, the Ministry ofFinance tops the 2020 Ministry Open Budget Index (MOBI), followed by theMinistry of Justice with 48.41 points.

The information was announced by Nguyen Quang Thuong, Deputy Director of the Centre for Development and Integration (CDI) at a ceremony toannounce Vietnam’s 2020 MOBI on June 16. The index was commissioned by the CDI and theVietnam Institute for Economic and Policy Research with funding provided by Oxfarm in Vietnam.

Thuong said the 2020 MOBI results showed that the level ofbudget disclosure of ministries and agencies at the central level has notimproved remarkably compared to last year.

There are still many agencies that have not yet disclosed orfully disclosed as required under the provisions of the 2015 State Budget Lawand the MoF’s Circular 61/2017/TT-BTC and Circular 90/2018/TT- BTC, he said.

The 2020 MOBI average point is 21.64, equals to that of 2019 MOBI.

Regarding availability, there are 27 agencies andorganisations out of 44 surveyed agencies that have publicly disclosed at leastone budget document (accounting for 61.36 percent), an increase of three unitscompared to the 2019’s survey.

However, there are still 17 ministries and central agenciesthat did not publicise any documents at the time of the survey, equivalent to38.64 percent.

The MOBI 2020 survey results showed that they have notpromptly disclosed budget documents as required. Of the 19 units that havepublished documents on the 2021 budget estimate, only six have announced it ontime - within 15 days from December 31, 2020.

MOBI index aims to assess the openness and transparency ofthe State budget and the execution of the 2015 State Budget Law, thereby,bolstering trust of the public and development partners in the field inVietnam, Thuong said.

2020 is the third year in a row that the MOBI index has beenannounced.

Nguyen Duc Thanh, Director of the Vietnam Center for Economicand Strategic Studies (VESS) said: While the level of publicity andtransparency of the provinces has continuously improved (through assessment byPOBI index annually), the central agencies have not made any significantprogress, even though the 2015 State Budget Law has long been in effect.

“It is disappointed because central agencies have failed toset an example of building a rule-governed state and at the same time show alack of accountability to the people,” he said.

Thanh said that it istime for the National Assembly to promote its supervisory role in promoting theopenness and transparency of the public financial system.

He suggested the Government request ministries and centralagencies to publicise the budget in line with legal regulations and issue sanctions to handle unitsthat fail to do so.

The State Audit Office of Vietnam should include publicity andtransparency on budget documents of ministries and agencies at the centrallevel in its tasks, Thanh said./.

VNA

See more

New Zealand apples on sale at a supermarket in Vietnam (Photo: VNA)

Vietnamese consumers develop taste for Australian, New Zealand fruit

According to statistics from the Department of Customs, in the first six months of 2026, Vietnam imported 102.8 million USD worth of fruit, vegetables and flowers from Australia, up 55.7% from the same period last year. Australia's share of total imports rose from 5.5% to 6.51%, highlighting the growing position of the market as a supplier. Imports from New Zealand reached 78.04 million USD, up 20.4% year-on-year.

Semiconductor products, chips and components displayed at a ceremony to launch a national centre for semiconductor chip pilot production support in Hanoi on June 26. (Photo: VNA)

US semiconductor push offers Vietnam opportunities, policy challenges

The Vietnam-US semiconductor partnership is therefore not simply a “golden opportunity” arising from geopolitical shifts, but also a long-term test of Vietnam’s institutional reform and implementation capacity. If domestic capacity cannot keep pace, adjusting targets toward quality and execution, rather than simply expanding the number of projects, will be essential.

Workers process fruit for export at the Chanh Thu factory in Cho Lach commune, Vinh Long province. (Photo: VNA)

Vietnam works to maintain edge in key agricultural market

According to Le Hang, Deputy Secretary-General of the Vietnam Association of Seafood Exporters and Producers (VASEP), China and Hong Kong (China) remained bright spots for Vietnam’s aquatic exports in July, with revenue exceeding 267 million USD, up 24.7% year-on-year.

An estimated 6,300 workers are needed by the semiconductor industry in Bac Giang province during the 2025-2030 period. (Photo: VNA)

India's semiconductor strategy complementary to Vietnam's chip sector: expert

Sudhanshu Mittal, Director of Engineering Solutions at the National Association of Software and Service Companies (Nasscom) of India, noted that during the state visit to India by General Secretary of the Communist Party of Vietnam Central Committee and President To Lam in May, the two countries signed a number of cooperation agreements, with semiconductors identified as a priority area alongside artificial intelligence (AI), cybersecurity, and advanced technologies.

At the working session between Vietnamese Minister of Finance Ngo Van Tuan (right) and RMIT University’s Vice-Chancellor and President Professor Alec Cameron in Sydney on August 10 (Photo: tapchikinhtetaichinh.vn)

Vietnam, Australia seek to expand investment in rice value chain

During General Secretary of the Communist Party of Vietnam Central Committee and President To Lam’s state visit to Australia from August 9-12, Vietnamese Minister of Finance Ngo Van Tuan, authorised by the General Secretary and President, held working sessions with SunRice Group CEO Paul Serra and RMIT University’s Vice-Chancellor and President Professor Alec Cameron in Sydney on August 10.

Students practice microcontroller programming at the Vietnam-Korea College of Technology in Bac Ninh province (Photo: VNA)

Vietnam – one of most attractive destinations for leading US semiconductor companies: expert

Vietnam has built a solid semiconductor and electronics industry before joining ITSI, attracting major US semiconductor companies. Intel Products Vietnam is one of Intel's largest assembly and testing facilities worldwide, while chip design companies such as Synopsys, Cadence, Marvell and Qualcomm have established engineering and research centres in the Southeast Asian country.

Lawmakers on August 9 discuss a draft law amending and supplementing a number of articles of the Law on the State Bank of Vietnam, the Law on Anti-Money Laundering and the Law on Credit Institutions. (Photo: VNA)

Lawmakers discuss measures to ensure banking system safety, support digital economy

The draft law sets out provisions to control conflicts of interest when commercial banks act as agents managing collateral for corporate bonds. In this regard, Deputy Le Van The of Ninh Binh province said he supported the move, noting that it could provide a more professional approach to collateral management and help strengthen investor confidence if properly regulated.

A company in Da Nang operates a customer relationship management system supported by AI chatbots. (Photo: VNA)

AI drives rise of sleepless enterprises in Vietnam

The concept of a sleepless enterprise does not necessarily mean making employees stay on the job all the time. Instead, it's about building intelligent systems that can respond to customers, process transactions, monitor operations, analyse data and flag risks continuously.

Head of the Vietnam Trade Office in Australia Tran Thi Thanh My (Photo: VNA)

Vietnam, Australia eye 20 bln USD trade target

The head of the Vietnam Trade Office in Australia hoped that the visit by Party General Secretary and State President To Lam will mark a new milestone, opening the door for firms on both sides to forge stronger links and launch concrete cooperation agendas, helping hit that 20 billion USD trade goal sooner rather than later.