The financial sector collected over 1,400 trillion VND (60.2 billion USD) towards the State budget in 2018, or 7.8 percent higher than projected, heard a conference to review financial and budget works in 2018 and put forward tasks for 2019.
The State Capital Investment Corporation (SCIC) was transferred from the Ministry of Finance to the Committee for Management of State Capital at Enterprises (CMSC) on November 12.
Finance Minister Dinh Tien Dung made clear on some issues concerning land management, evaluation of the rights to land use of equitised State-owned enterprises (SOEs), and invoice management to prevent State budget loss, during a question-and-answer session at the ongoing sixth meeting of the 14th National Assembly in Hanoi on October 31.
Lawmakers discussed the State budget estimate for 2018 and the allocation for 2019, as well as the State budget financial plan for 2019-2021 during the ongoing sixth session of the 14th National Assembly (NA) in Hanoi on October 29, which was broadcast live nationwide.
The Finance Ministry held a teleconference in Hanoi on July 24 to discuss developing national and ASEAN one-stop shop mechanisms and trade facilitation.
Minister of Transport Nguyen Van The and Minister of Natural Resources and Environment Tran Hong Ha were grilled by National Assembly (NA) deputies during the question-and-answer session on June 4 as part of the NA’s ongoing 5th meeting.
The 12th-tenure of the Central Committee of the Communist Party of Vietnam (CPV) discussed salary reform for officials, public servants, the armed forces and workers in the afternoon of May 9, the third day of its seventh plenary meeting.
As investors from the Republic of Korea (RoK) have financial strength, management experience and high technology, Vietnam wants them to actively take part in and become strategic partners in the equitisation and divestment of State capital from State-owned enterprises (SOEs).
Stocks ended the first trading day of 2018 in the green on the two national stock exchanges, reflecting investors’ optimism about the market outlook this year.
The Government will keep State budget overspending not to exceed 3.5 percent of GDP and less than 178 trillion VND (7.8 billion USD) as set by the National Assembly.
The National Assembly Standing Committee has not approved the Ministry of Finance’s proposal to almost triple the environmental protection tax on oil and gas consumption, citing potential harm to consumers.
FPT Japan, a branch of Vietnam’s largest software producer FPT Group, has been urged to contribute more to the Vietnamese IT sector as the world is entering the fourth industry revolution.
Vietnam’s Finance Ministry and Daiwa Corporation of Japan co-hosted a conference in Tokyo on August 21 to promote financial investment in Vietnam with the attendance of more than 200 Japanese firms.
State budget revenues falling short of the half-way mark in the first six months of the year is a normal feature of the domestic economy and does not preclude meeting the annual target.
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