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.
The Ministry of Finance (MoF) said tax support policies and land-use fee reductions for businesses should be continued throughout 2023 despite shortfalls in state budget collection.
Minister of Finance Ho Duc Phoc has said the finance-banking sector accomplished its set goals for 2022, with State budget collection surpassing the estimate by nearly 20% amid unfavourable changes in the country and the world.
The Ministry of Finance (MoF) is coordinating with ministries and agencies to assess the market situation to consider and submit to the Government amendments and supplements of a number of articles of the decree on offering and trading private placement corporate bonds in the domestic and foreign markets.
Budget revenue was forecast to be 14.3% higher than the plan this year but the structure lacked stability as the increase was mainly from land-related revenue.
The National Assembly (NA) spent the 13th working day of its third session on asking officials about issues relevant to agriculture and rural development, finance, and banking.
Chairman of the National Assembly (NA) Vuong Dinh Hue on June 8 demanded prompt implementation of fiscal and monetary policies to support the socio-economic recovery and development programme.
The Ministry of Finance is considering to put forward another proposal for further fuel duty cut, Minister Ho Duc Phoc told the 15th National Assembly during its third sitting in Hanoi on June 8 amid concerns over soaring fuel prices.
Minister of Finance Ho Duc Phoc had assigned Deputy Finance Minister Nguyen Duc Chi to directly take the charge of the State Securities Commission (SSC) from May 19.
The Vietnam News Agency talks with Minister of Finance Ho Duc Phoc about recent developments in Vietnam's stock market and his ministry's response to such events.
As the COVID-19 pandemic is predicted to linger and affect the State budget revenue as well as spending on the pandemic combat, it is necessary to flexibly combine fiscal and monetary policies to keep macro-economic stability, said Minister of Finance Ho Duc Phoc.
Minister of Finance Ho Duc Phoc on November 12 answered National Assembly deputies’ questions related to fiscal policies, State budget collection, public debts and budget overspending.
The stimulus packages are expected to inject 1 quadrillion VND (44 billion USD) into the national economy with an interest-rate subsidy of 4 percent, contributing to creating jobs, raising productivity, increasing budget collection, and cutting budget overspending.
Member of Party Central Committee, Auditor-General of the State Audit Office Ho Duc Phoc was appointed Minister of Finance at the 11th session of the 14th National Assembly on April 8 in Hanoi.
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