
Indonesia saves 1.2 billion USD in state budget by reducing travel expenditures
President Prabowo had ordered the Ministry of Finance to cut the budget for overseas travel of ministers and officials who are members of the Red and White Cabinet.
President Prabowo had ordered the Ministry of Finance to cut the budget for overseas travel of ministers and officials who are members of the Red and White Cabinet.
The Vietnamese Government is aiming for the drastic, concerted and effective implementation of solutions to practice thrift and combat wastefulness in 2025 as outlined in its newly-issued comprehensive programme on these works.
Measures to alleviate difficulties for enterprises and citizens in 2024 proposed by the Ministry of Finance including tax and fee reduction and exemption represented an estimated value of 191 trillion VND (7.49 billion USD), the ministry reported on December 31.
Vietnam's total state budget revenue for 2024 is projected to surpass 2.02 quadrillion VND (approximately 79.24 billion USD), marking an increase of 19.1% compared to the estimate, according to the Ministry of Finance.
The Ministry of Home Affairs has estimated that about 130 trillion VND (5.1 billion USD) is required to implement policies and benefits for officials, civil servants, public employees, and workers as part of the scheme to streamline the political system’s organisational apparatus.
Vietnam’s tax sector has collected a record-high revenue of 1.7 quadrillion VND (66.7 billion USD) for the state budget in 2024, the General Department of Taxation reported at a conference on December 19.
Prime Minister Pham Minh Chinh on December 1 signed an official dispatch demanding ministries, sectors, and localities to promote thrift practice and wastefulness combat.
Prime Minister Pham Minh Chinh has signed an official dispatch, urging the acceleration of state budget collection, particularly from land-related sources, in the final month of 2024, aiming to achieve the highest possible state budget revenue, laying a strong foundation for successfully implementing socio-economic tasks for 2025 and the 2026-2030 period.
State budget collection from import and export activities surged 14.5% year-on-year to nearly 346.3 trillion VND (13.7 million USD) in the first 10 months of 2024, reaching 92.3% of the annual target, the General Department of Vietnam Customs reported on November 7.
Indonesia’s Deputy Minister of Finance Thomas Djiwandono stated on November 7 that the Government will prioritise its state budget for the enhancement of human resources quality.
Legislators continue discussions at the hall on the implementation of the State budget in 2024, and the State budget estimates, and the central budget allocation plan for 2025 on November 5 as part of the 15th National Assembly (NA)’s ongoing eighth session.
The 15th-tenure National Assembly (NA) opened its 8th session in Hanoi on October 21.
State budget collection from export-import activities reached 274.03 trillion VND (11.1 billion USD) in the first eight months of 2024, equivalent to 73.1% of the assigned estimate and up 13.1% year-on-year, the General Department of Vietnam Customs (GDVC) announced on September 10.
The northern province of Hung Yen recorded positive socio-economic development in the first half of this year.
The Politburo has concluded that teachers' salaries must be placed on the top of the salary scale system for the administrative and non-productive sector, with additional allowances tailored to the work's nature and regions.
More than 1.038 quadrillion VND (40.9 billion USD) was collected for the State budget in the first half of 2024, equivalent to 61% of this year’s target and up 17.7% from a year earlier, reported the Ministry of Finance (MoF).
The northern province of Hung Yen continued to record relatively positive socio-economic performance during the first half of 2024, local authorities said.
Vietnam ranks 57th out of the 125 surveyed countries in terms of budget transparency, up 11 places compared to 2021, according to the Open Budget Survey (OBS) 2023 released recently by the International Budget Partnership.
The northern province of Quang Ninh estimates that more than 9.4 trillion VND (nearly 369.3 million USD) in export and import tariffs will be collected for the state budget during the first half of 2024, up 21% year on year.
The Vietnam-Russia joint venture Vietsovpetro, based in the southern province of Ba Ria-Vung Tau, marked two milestones on June 21 - its 43rd founding anniversary (June 19) and the extraction of its 250 millionth tonne of oil.