State Audit asked to do more in preventing loss of public assets Business

State Audit asked to do more in preventing loss of public assets

Prime Minister Nguyen Xuan Phuc has urged the State Audit Office of Vietnam (SAV) to work harder to figure out the root causes behinds wrongdoings in the use of State resources to trigger loss and misspending of public assets, thus devising prompt and efficient preventive solutions.
PM urges lower interest rates, stable taxes Business

PM urges lower interest rates, stable taxes

The Government has instructed corresponding administrative authorities to aim for a 0.5 percent decrease in lending interest rates from now until the end of 2017, while keeping taxes, fees and other charges unchanged, in order to propel the current disbursement rate in public spending and boost businesses’ productivity.
NA deputies debate public investment plan Politics

NA deputies debate public investment plan

National Assembly deputies on November 1 discussed a five-year financial plan, orientations for the mobilisation and use of capital as well as the management of public debt in 2016-2020.
Society

ODA embezzlers prosecuted

The Supreme People’s Procuracy has prosecuted nine people for embezzling over 3.4 billion VND (roughly 173,400 USD) in a bridge project funded by Japanese ODA in Quang Ninh province.