State budget collection was estimated to hit 97.4 trillion VND (4.3 billion USD) in the first month of 2017, accounting for 8 percent of the estimates, according to the Ministry of Finance (MoF).
Vietnam’s financial sector will issue long-term Government bonds in order to raise 340 trillion VND (over 15 billion USD) for the State budget in 2017.
More than 62.1 trillion VND (2.73 billion USD) will be poured into the Central Highlands from 2016 -2020, including over 55.67 trillion VND (2.45 billion USD) from the State budget.
Prime Minister Nguyen Xuan Phuc asked the Finance Ministry to take prompt measures to collect revenues for the State budget from the beginning of the year at a teleconference in Hanoi on January 6.
The Vietnam National Oil and Gas Group (PetroVietnam) strives to increase oil and gas reserves to 10-15 million tonnes this year, said Chairman of the Board of Directors Nguyen Quoc Khanh.
At a working session with the provincial authorities, the Prime Minister was reported that in 2016, Quang Ninh contributed 18 trillion VND to the State budget.
Party General Secretary Nguyen Phu Trong has signed a Politburo resolution on policies and measures to restructure the State budget and manage public debts.
Deputies adopted a resolution on State budget allocation for 2017 with 82.15 percent of approval votes during the ongoing second session of the 14 th National Assembly in Hanoi on November 14.
The 14th National Assembly adopted a resolution on the State budget estimate for 2017 during the ongoing second session in Hanoi on November 11 with 79.31 percent of votes.
Legislators approved a resolution on the five-year financial plan with 86.64 percent of “yes” votes during the ongoing second meeting of the 14th National Assembly on November 9.
The Government has built various measures to keep public debt within permitted levels, Minister – Chairman of the Government Office Mai Tien Dung has said.
About 1 billion USD from the State budget is spent for foreign loan and interest repayments every year, an official of the Ministry of Finance said on October 25.
The plan on mid-term public investment for 2016-2020 was among the topics put on the table during group discussions as part of the 14 th National Assembly’s second meeting on October 22 afternoon.
Members of the 12th Party Central Committee discussed socio-economic performance in 2016 and socio-economic development plan for 2017 at the committee’s fourth meeting in Hanoi on October 11.
Business
