Over 10.4 million gifts worth more than 5.5 trillion VND (239 million USD) were granted to policy beneficiaries and workers on the occasion of the Lunar New Year (Tet) festival 2021, reported by the Ministry of Labour, Invalids and Social Affairs (MoLISA) on February 17.
Prime Minister Nguyen Xuan Phuc has issued a decision promulgating the organisational and working statutes of the National Technology Innovation Fund (NATIF).
State budget collections in Ho Chi Minh City in January were estimated at 42.47 trillion VND (1.84 billion USD), 11.6 percent of the estimate and up 2.9 percent year-on-year, according to the municipal Statistics Office.
State budget collection was estimated to top 134 trillion VND (nearly 5.83 billion USD) in January, equivalent to 81.2 percent of the figure in the same period last year, according to the General Department of Taxation.
The national finance sector has recorded important developments and made decisive contributions to the country’s achievements, according to member of the Party Central Committee and Minister of Finance Dinh Tien Dung.
Ho Chi Minh City is taking drastic measures to promote disbursement of public funds, which plays an important role in economic development amidst the COVID-19 pandemic.
The financial sector needs to renovate more strongly to free up resources to meet the country’s development objectives, Prime Minister Nguyen Xuan Phuc told an online meeting to review financial sector and State budget performance in 2020 and define tasks for 2021.
Indonesia’s economic recovery should not only depend on government spending as it will not be sufficient to compensate for the slowing economic activity caused by the COVID-19 pandemic, Finance Minister Sri Mulyani Indrawati has said.
The Mekong Delta city of Can Tho collected over 28.5 trillion VND (1.23 billion USD) to the State budget last year, heard a conference hosted by the municipal State Treasury on January 6.
The financial sector expects to collect over 1.343 quadrillion VND (58.4 billion USD) for the State budget in 2021, equivalent to 15.5 percent of the country’s gross domestic product (GDP), said the Ministry of Finance.
Nearly 1.279 quadrillion VND (55.3 billion USD) in taxes was collected for the State budget in 2020, almost 24.35 trillion VND, or 1.9 percent, higher than the annual target and 175.85 trillion VND more than the estimate reported to the National Assembly (NA).
The Government has recently issued Resolution No.01/NQ-CP on key measures to carry out the 2021 socio-economic development plan and State budget estimate.
Inspections against transfer pricing will be increased as per a proposal by the Ministry of Finance in the context that more than half of foreign direct investment (FDI) enterprises reported losses.
The Ministry of Transport has proposed Prime Minister Nguyen Xuan Phuc approve the allocation of an additional 1.18 trillion VND (51.7 million USD) from the State budget to Deo Ca Tunnel Project.
The northeastern province of Quang Ninh’s gross regional domestic product (GRDP) has been estimated at 10.05 percent in 2020 despite the adverse impact of COVID-19.
More than 1.48 quadrillion VND (64.2 billion USD) was collected for the State budget in 2020, equivalent to 98 percent of the target, according to the Ministry of Finance.
The State Capital Investment Corporation (SCIC) has declared an estimated pre-tax profit of nearly 6.6 trillion VND (286.3 million USD) in 2020, up 36 percent compared to the target set for the year.
The industrial sector of the northeastern province of Quang Ninh enjoyed a year-on-year growth of 11.98 percent in 2020, according to figures revealed by the provincial statistics office on December 29.
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