Business

Nearly 2.3 billion USD in state capital saved in 2022: Gov't report

Almost 53.9 trillion VND (2.29 billion USD) in state capital was saved in 2022 as reported by ministries, sectors, and localities, according to the Government.
Nearly 2.3 billion USD in state capital saved in 2022: Gov't report ảnh 1Minister of Finance Ho Duc Phoc delivers the Government's report on thrift practice and wastefulness prevention in 2022 at the 15th NA's fifth session on May 23. (Photo: VNA)
Hanoi (VNA) – Almost 53.9trillion VND (2.29 billion USD) in state capital was saved in 2022 as reportedby ministries, sectors, and localities, according to the Government.

On behalf of the Government, Ministerof Finance Ho Duc Phoc delivered a report on thrift practice and wastefulnessprevention last year in front of the 15th National Assembly (NA) atthe ongoing fifth session on May 23.

He said that thanks to proactivegovernance, the state budget spending tasks in 2022 basically reached theirtargets.

In particular, the Government haspushed ahead with carrying out the Party Central Committee’s Resolution No 19-NQ/TWon reforming the organisation and management, and improving the quality and efficiencyof non-business public units, with a focus on perfecting the mechanisms andpolicies on financial autonomy.

The implementation of fixed spendingand financial autonomy in ministries, sectors, and localities last year saved over3.49 trillion VND, of which 1.17 trillion VND was saved by Hanoi and another1.22 trillion VND by Ho Chi Minh City, Phoc noted.

The Prime Minister issued a decisionon a general programme on thrift practice and wastefulness prevention for 2023 thatfeatures eight focal tasks and four groups of measures, theofficial added.

Nearly 2.3 billion USD in state capital saved in 2022: Gov't report ảnh 2Legislators at the fifth session of the 15th NA (Photo: VNA)
Reading the verification report,Chairman of the NA's Finance-Budget Committee Le Quang Manhsaid that the committee basically agreed with the Government’s report andhighly valued the Government, ministries, sectors, and localities’ activenessand determination to achieve encouraging results in thrift practice andwastefulness prevention in 2022.

However, he went on, the Government’sreport didn’t assess or analyse improvements in the organisation of thriftpractice and wastefulness prevention; or sufficiently point out problems, shortcomings,causes, and responsibilities for the management and use of public investmentcapital, recycled resources, renewable energy, and digital resources, amongothers.

Notably, Manh underlined the sluggishimplementation and many problems of the three national target programmes onnew-style rural area building, sustainable poverty reduction, andsocio-economic development in ethnic minority and mountainous areas, which haveeroded the effectiveness of investment capital use and wasted state funding.

The NA committee also gave someproposals to the Government and the PM to help with thrift practice and wastefulnessprevention./.
VNA
#state capital #National Assembly #Minister of Finance #Ho Duc Phoc #thrift practice #wastefulness prevention #state budget #national target programmes #updated Vietnam news #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

Deputies discuss socioeconomic performance at NA’s fifth session

Deputies discuss socioeconomic performance at NA’s fifth session

National Assembly (NA) deputies on May 22 discussed a report on supplementary assessments on outcomes of the socioeconomic development plan and State budget in 2022 and the implementation of such plan for the first months of this year, following the opening of the 15th NA’s fifth plenary session.
15th National Assembly’s fifth session opens

15th National Assembly’s fifth session opens

The 15th National Assembly (NA) convened its fifth plenary session in Hanoi on May 22 morning, broadcast live on the channels of radio The Voice of Vietnam (VOV1), the Vietnam Television (VTV1), and the National Assembly TV.
National Assembly looks into personnel work

National Assembly looks into personnel work

The National Assembly (NA) approved a resolution relieving Nguyen Phu Cuong from the posts of member of the NA Standing Committee and Chairman of the NA Finance-Budget Committee, as part of its ongoing fifth session in Hanoi on May 22.

See more

Vietnamese, Chinese enterprises exchange experience at the networking and exchange programme in Da Nang city on January 13, 2026 (Photo: VNA)

Da Nang promotes logistics cooperation with Chinese businesses

With the goodwill and active engagement of partners, particularly the Chinese business community, the cooperation is expected to generate concrete and long-term opportunities, contributing to the development, deeper integration and sustainability of Da Nang’s startup and innovation ecosystem, said Le Son Phong, Deputy Director of the municipal Department of Science and Technology.

SCAVI Hue Co., Ltd. (100% invested by Financière B’Lao Group, France), specialising in garment manufacturing at Phong Dien Industrial Park in Hue. (Photo: VNA)

Business Confidence Index reaches seven-year high: EuroCham Vietnam

After several years affected by global volatility and disruptions, the Q4/2025 BCI indicates that European business sentiment in Vietnam has returned firmly to positive growth territory, surpassing levels seen prior to US tariff announcements and even before the COVID-19 pandemic. Specifically, 65% of surveyed companies assessed their current business conditions as positive in Q4/2025, with the figure rising to 69% when looking ahead to Q1/2026, suggesting that optimism is set to strengthen further as the new year begins.

Prime Minister Pham Minh Chinh chairs the 5th meeting of the Central Steering Committee on Housing Policy and the Real Estate Market in Hanoi on January 13, 2026. Photo: VNA

PM chairs meeting on housing policy, real estate market

The right to housing is a fundamental right of citizens, and housing is an essential need of every person. Housing development is an important pillar of social welfare policy, while also serving as a driving force for economic growth, labor market stability, and sustainable socio-economic development, said Prime Minister Pham Minh Chinh.

Hanoi to host Thailand Week 2026 in late January

Hanoi to host Thailand Week 2026 in late January

Visitors to Thailand Week 2026 will be able to enjoy a variety of attractive promotional programmes, lively trade promotion activities and daily lucky draws offering numerous quality Thai products.

Illustrative image (Photo: VNA)

German media group releases Vietnam outlook report 2026

The Germany-based international media group specialising in economic, financial and political coverage of emerging markets IntelliNews on January 11 published its annual Vietnam Outlook report 2026, highlighting prospects for economic growth and what problems lie in store.

PM Pham Minh Chinh speaks at the meeting (Photo: VNA)

PM pushes five strategic breakthroughs to fuel digital economy

Addressing the first meeting of the National Steering Committee on Data linked virtually with all 34 cities and provinces nationwide, PM Pham Minh Chinh, who is also head of the committee, stressed that the Party’s policies and guidelines and the State’s laws have long articulated a strategic vision for data development. He cited Resolution No. 57-NQ/TW and the recently enacted Law on Data, both of which designate data as a “new means of production” and a strategic resource that must be transformed into high-value assets.