HCM City to spend more on road infrastructure Business

HCM City to spend more on road infrastructure

HCM City will prioritise investment in road infrastructure if it receives permission to raise the budget revenue-retention ratio, according to the municipal Party Committee Secretary Nguyen Thien Nhan.
Authorities mitigate impact of falling oil price to State budget Business

Authorities mitigate impact of falling oil price to State budget

The Government will implement comprehensive measures to meet next year's annual State budget collection target of 911.1 trillion VND (42.774 billion USD), notwithstanding the insignificant effect of the global oil price decline.

Some experts are concerned about the reduction of the State's budget next year as the export value of crude oil, which has fallen by 30 percent to a four-year low of roughly 60 USD per barrel, contributes significantly to the nation's coffer.