Total state budget revenue reached 912.1 trillion VND (39.74 billion USD) in the first seven months of 2021, equaling 67.9 percent of the estimate and up 15.6 percent year-on-year, data released by the Ministry of Finance on August 9 showed.
The disbursed public investment declined in July due to the surge in COVID-19 cases, but it still grew 5.6 percent in the first seven months of 2021 as compared to the same period last year.
The 15th National Assembly adopted a resolution on the national financial plan and public debt borrowing and payment for the 2021-2025 period on July 28 during the ongoing first session in Hanoi.
The 15th National Assembly passed a resolution on adjustments to the State budget expenditure estimate and approval of the 2019 State budget balance on July 28 as part of the first session in the 15th tenure.
The Prime Minister has decided to allocate over 1.55 trillion VND (nearly 67.5 million USD) from the State budget this year to the Ministry of National Defence to combat COVID-19.
The 15th National Assembly (NA) is spending the entire day on July 25, on discussing the implementation of the socio-economic development and State budget plans during the first six months, solutions for task performance in the year’s latter half, and the development plan for 2021 - 2025.
Many legislators held that the fight against COVID-19 needs to be promoted, but it is also necessary to speed up the recovery of businesses so as to keep up with the trend in the global economy.
Lawmakers are expected to hear reports on socio-economic and State budget situation in the first half of 2021 and discuss orientations for the second half, and a socio-economic development plan for 2021-2025 on July 22 – the third working day of the 15th National Assembly’s first session.
State budget revenue hit 781 trillion VND (34 billion USD) in the first half of 2021, equal to 58.2 percent of the estimate and up 16.3 percent year-on-year, according to the Ministry of Finance.
The National Assembly (NA) Standing Committee on July 13 gave opinions on the investment policy of the National Target Programme on Sustainable Poverty Reduction and Social Security in the 2021-2025 period as part of the committee's ongoing 58th meeting.
Ho Chi Minh City needs nearly 686 trillion VND (29.8 billion USD) for its mid-term investment plan for the 2021-25 period, according to the municipal People’s Council.
The PetroVietnam Exploration Production Corporation (PVEP) reported revenue of 14.35 trillion VND (623.59 million USD) in the first six months of 2021, equivalent to 144 percent of its target.
The Minister of Transport has issued Directive 06/CT-BGTVT on speeding up public investment disbursement in 2021 to successfully realise the socio-economic plan and State budget estimate for the year.
State budget collection was estimated to reach 98.6 trillion VND in May, pushing total revenue in the first five months of 2021 to 667.9 trillion VND (nearly 29 billion USD), equivalent to 49.7 percent of the yearly estimate, up 15.2 percent year on year, the Ministry of Finance has reported.
The Vietnamese Government plans to borrow more than 1.7 quadrillion VND (73.2 billion USD) in the 2021-2023 period to meet the capital demand for socio-economic development, according to the public debt management plan for the next three years approved late last week.
The budget revenue increased significantly in the first five months of this year thanks to recovery from 2020 and some sectors seeing strong growth, such as banking, securities, real estate and automobile industries, according to the General Department of Taxation.
Apart from upgrading existing railway routes, an array of new routes are set to be built to promote economic development under the railway planning for the 2021 - 2030 period.
The Vietnam General Confederation of Labour (VGCL) has proposed an eight-month exemption of health insurance premiums, until January next year, for labourers and firms victimised by COVID-19.
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