State Treasury urged to manage State budget efficiently

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.
State Treasury urged to manage State budget efficiently ảnh 1Deputy Prime Minister Vuong Dinh Hue poses with the staff of the State Treasury of Vietnam (Source: VNA)

Hanoi (VNA) - Deputy Prime Minister Vuong Dinh Hue asked the StateTreasury of Vietnam to manage the State budget efficiently, which is criticalin promoting socio-economic development.

Speaking at the meeting with the State Treasury on January 30, Hue stressedthat the treasury must develop solutions to enhance the efficiency of the Statebudget, with focus placed on speeding up the disbursement of public investment.

Resources must be spent for the right purposes to achieve socio-economicdevelopment goals and ensure the sustainable development of the Vietnameseeconomy, Hue said.

He urged the treasury to enhance reforms and modernisation as well as focus ondeveloping human resources to better serve residents and businesses.

The State Treasury must issue a development strategy, which must be appropriateto the country’s finance development strategy and socio-economic developmentstrategy to 2030, he said, adding it must contribute to building a stable andstrong national finance for the country’s prosperous development.

In 2020, the State Treasury targeted that all State-budget transactions wouldbe conducted online. In addition, cooperation with relevant agencies would beenhanced to speed up disbursement of public investment.

Hue said that 2020 was an important year for Vietnam because this was the finalyear of the 2016-20 five-year plan to create the impetus for the next five-yearperiod.

The global slowdown was posing challenges to Vietnam, Hue said, urging effortsby the State Treasury to overcome difficulties to have a better year in 2020.

The Deputy PM also visited Military Commercial Joint Stock Bank (MB) on January30, the first working day after Tet (Lunar New Year) holiday.

Hue urged the bank to speed up the digitalisation process to improve servicequality and ensure convenience for customers. In addition, MB should focus ondeveloping non-credit services.

MB should strive to maintainthe position in the top five commercial banks by operation efficiency of Vietnam, he asked.

MB reported a pre-tax profit of10 trillion VND in 2019, up 29.1 percent over 2018. Its ratio of bad debt wasmanaged under 1.2 percent./.
VNA

See more

Illustrative image (Photo: VNA)

Nearly 16 trillion VND raised through January bond auctions

The January auctions saw a strong preference for 10-year and 15-year bonds, representing 80.2% and 14.8% of the total, respectively. Specifically, 10-year bonds raised 12.81 trillion VND, while 15-year bonds garnered 2.36 trillion VND.

Thang Long ferry at Cau Da port in Ba Ria - Vung Tau province. (Photo: VNA)

Vung Tau - Con Dao high-speed ferry reoperated

The high-speed ferry service connecting Vung Tau city and Con Dao island in the southern province of Ba Ria-Vung Tau and vice versa was resumed on February 7 by Phu Quoc Express JSC after a 5-month suspension.

At the working session between the Vietnam Directorate of Market Surveillance and the US Embassy over counterfeit Sunview-branded raisins in Hanoi on February 7. (Photo: dms.gov.vn)

Vietnam, US tackle counterfeit Sunview-branded raisins

Statistics showed that since 2024, there have been 27 documented cases involving Sunview raisins, resulting in fines of over 536 million VND (21,440 USD), primarily due to the sale of smuggled goods and products of unclear origin.

The VF3 model manufactured by VinFast is the most popular model in Vietnam's market. ( Photo courtesy of the company)

EVs will no longer be exempt from registration fees

Instead of enjoying a zero percent registration fee, battery-powered electric vehicles (EVs) will be required to pay 50% of the fee applicable to internal combustion engine cars with the same seating capacity.

Thuan An Fishing Port (Photo: tuoitrethudo.vn)

Thuan An fishing port opens, boosting Hue’s seafood industry

The second docking area of Thuan An Fishing Port has a minimum cargo handling capacity of 20,000 tonnes per year, and is capable of simultaneously accommodating 500 fishing vessels of at least six metres in length for docking and storm shelter.

Vietnamese prefer buying gold to mark God of Wealth Day (Photo: VNA)

Gold prices up again on God of Wealth Day

Gold prices surged significantly, exceeding the threshold of 90 million VND (3,550 USD) per tael at the opening session of the God of Wealth Day on February 7 (the 10th day of the first lunar month).

Vietnam will complete and develop the national nuclear power infrastructure to support the implementation of the Ninh Thuan nuclear power project, (Illustrative photo: VNA)

Master plan on atomic energy development, application approved

Efforts will be made to urgently complete and develop the national nuclear power infrastructure to support the implementation of the Ninh Thuan nuclear power project, while continuing to carry out the national nuclear power development programme.

Rice for export at Thoai Son Foodstuff One-member Co. Ltd. under Loc Troi Group. (Photo: VNA)

Vietnam works to expand markets, sustain rice export growth

By mid-January, Vietnam had exported 268,700 tonnes of rice, generating nearly 165.7 million USD, up 38.7% in volume and 23.28% in value year-on-year. To sustain exports, authorities are prioritising trade promotion, with the Ministry of Industry and Trade implementing measures to boost rice exports.