State budget collections down 1.2 percent in Q1 Business

State budget collections down 1.2 percent in Q1

State budget collections managed by tax agencies were estimated at 347.34 trillion VND (15.02 billion USD) in the first quarter of this year, equal to 31.1 percent of the estimate and down 1.2 percent year-on-year, according to the General Department of Taxation.
State budget revenue up slightly in Q1 Business

State budget revenue up slightly in Q1

The State budget revenue in the first quarter totalled 403.7 trillion VND (about 17.5 billion USD), equivalent to 30.1 percent of this year’s target and up 0.3 percent from a year earlier, the Ministry of Finance (MoF) said on March 29.
State budget revenue up in first two months Business

State budget revenue up in first two months

State budget collections were estimated at 286.7 trillion VND (12.4 billion USD) during January and February, or 21.3 percent of the annual estimate and up 0.6 percent year-on-year, the Ministry of Finance reported on March 8.
Disbursement of public funds sped up to fuel growth Business

Disbursement of public funds sped up to fuel growth

Public investment disbursement has been accelerated since the opening days of the year as it continues to be seen as an important driving force of economic growth this year, the Dau tu (Vietnam Investment Review) newspaper reported.
Q1 GDP growth likely lower than target Business

Q1 GDP growth likely lower than target

Vietnam’s GDP growth in the first quarter of 2021 is forecast to come in at 4.46 percent; 0.66 percentage points below the target set in the Government’s Resolution No 01 in a scenario where the COVID-19 pandemic is controlled during the quarter.