The development of transport infrastructure connecting the Mekong Delta and the southern economic hub of Ho Chi Minh City should be accelerated in the coming time by increasing investment capital from both local budget and society, Secretary of the municipal Party Committee Nguyen Thien Nhan has said.
Total State budget collection in the first five months of this year was estimated at 508.6 trillion VND (21.86 billion VND), fulfilling 43.5 percent of the estimate and up 14.1 percent year-on-year, the General Department of Taxation (GDT) reported.
The People’s Committee of northeastern Quang Ninh Province has released a plan to implement Prime Minister Nguyen Xuan Phuc’s conclusion on the development of Van Don Economic Zone (EZ) that would require more than 8.35 trillion VND (358.2 million USD) to expand its infrastructure by 2030.
Minister of Finance Dinh Tien Dung and Minister of Planning and Investment Nguyen Chi Dung pointed out difficulties and shortcomings facing the economy in their reports presented at the 14th National Assembly’s seventh session in Hanoi on May 31.
The oil and gas sector has made considerable contributions to the State budget, experts have said.
Prime Minister Nguyen Xuan Phuc visited the Vietnamese Embassy in Russia on May 21 (local time) as part of his current official trip to the country.
The Hoa Phuong Do (Red Flamboyant Flower) Festival 2019 kicked off in the northern port city of Hai Phong on May 10 with the presence of Prime Minister Nguyen Xuan Phuc.
Nearly 518 trillion VND (22.23 billion USD) was collected towards the state budget in this year’s first four months, completing 36.7 percent of the yearly target and representing a year-on-year rise of 13.9 percent, reported the Ministry of Finance.
Prime Minister Nguyen Xuan Phuc attended a ground-breaking ceremony for the construction of a dairy farm project developed by large dairy producer TH in Nong Cong district, the central province of Thanh Hoa, on May 8.
The customs sector’s state budget collection exceeded 120 trillion VND (5.18 billion USD) by the end of April, up 25.44 percent from the same period last year.
The Ministry of Finance (MoF) has announced the outcomes of the implementation of financial and budgetary tasks in the first quarter of 2019, noting that there was a state budget surplus during this period.
The state budget deficit, which regularly remains at a high level, and rising public debt are among the biggest macro-economic risks facing Vietnam, making it more difficult for the government to help the economy head towards growth, said Professor Tran Tho Dat, Principal of the National Economics University (NEU).
As the largest sea port in Vietnam’s northern region, Hai Phong city boasts huge potential for maritime economic development, especially sea and island tourism.
The automobile industry, which is a high-tech industry, holds an important role to the industrial development of the country, Prime Minister Nguyen Xuan Phuc has said.
The Government has highlighted the need to strengthen macro-economic foundation and control inflation in a resolution recent released at its regular monthly meeting.
Total state budget revenue was estimated at nearly 246.5 trillion VND (10.6 billion USD) in the first two months of 2019, up 18.2 percent year-on-year and equivalent to 17.5 percent of the target for the whole year.
Vietnam and Laos exchanged experience in local government activities during a workshop held in Hanoi on March 5.
Hosting the recent summit between the Democratic People’s Republic of Korea (DPRK) and the United States of America (USA) was a big success for Vietnam, Prime Minister Nguyen Xuan Phuc said while chairing a regular government meeting in Hanoi on March 1.
