Vietnamplus

The northern province of Vinh Phuc recorded an economic growth of nearly 9% in the first nine months of this year, higher than the national average.

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.

A total of 502.9 billion VND (21.8 million USD) is to be officially added to the 2021 State budget expenditure estimate serving COVID-19 prevention and control efforts.

State budget collection was estimated at 220.5 trillion VND (nearly 9.57 billion USD) in the first two months, equivalent to 16.4 percent of the year’s estimate, according to the General Statistics Office.

The National Assembly (NA) has issued a Resolution on the allocation of non-refundable aid capital, adjustments to state budget expenditure estimate and approval of state budget balance in 2018.

The Kasikorn Research Centre (K-Research) has revised down Thailand’s economic growth this year to 2.5 percent from the initial projection of 2.8 percent and projected the next year’s growth at 2.7 percent.

Collection of the State budget between 2016 and 2020 is expected to meet the target of 6.8 quadrillion VND (nearly 293 billion USD), the Ministry of Finance (MoF) reported on October 21.

Vietnam allocates 20 percent of State budget spending or 5.8 percent of national gross domestic product (GDP) each year for education, according to Minister of Education and Training Phung Xuan Nha.

The Vietnamese Government has allocated 20 percent of State budget spending or 5.8 percent of national gross domestic product (GDP) each year on education, Minister of Education and Training Phung Xuan Nha has said.

The application of financial autonomy for universities in Vietnam is still on a trial basis and remains limited, according to experts.

Ho Chi Minh City collected over 269.1 trillion VND (nearly 11.6 billion USD) for the State budget in the January-September period, up 9.88 percent year on year.

The Ministry of Finance (MoF) expects to keep this year’s State budget deficit at 3.7 percent of the GDP, below the 3.9 percent mandated by the National Assembly.

Encouraging private investment in green growth projects was among key topics at a conference to review mid-term implementation of the national green growth strategy in the northern region in Hanoi on December 12.

Ho Chi Minh City’s gross regional domestic product grew by 7.76 percent in the first half of this year, higher than the same period in the past two years.

Budget revenues were estimated at 280.9 trillion VND (12.4 billion USD) in Q1, up 15.2 percent compared to the same period in 2016 and meeting 23.2 percent of the annual estimate,.