HCM City: State budget collections down 12.4 pct Business

HCM City: State budget collections down 12.4 pct

State budget collections in HCM City in the first four months were estimated at over 117 trillion VND (5 billion USD), 28.9 percent of the estimate and down 12.4 percent year-on-year, the city’s Statistics Office reported.
Budget overspending looks likely Business

Budget overspending looks likely

The Ministry of Finance forecast a budget overspending at 5-5.1 percent of gross domestic product (GDP) this year, about 1.5-1.6 percentage points higher than the Government’s plan due to the impacts of the COVID-19 pandemic.
Demand for workers among construction companies down in Q1 Society

Demand for workers among construction companies down in Q1

Only 23.6 percent of construction companies in Vietnam had a greater demand for workers in the first quarter of this year compared to the previous quarter, while 20.1 percent said they needed fewer workers, a survey by the General Statistics Office (GSO) found.
Equitisation vital for stock market growth Business

Equitisation vital for stock market growth

The successful equitisation and capital divestment of State-owned enterprises (SOEs) would create benefits that boosted the stock market and business performance, experts have said.
Indonesia cuts airfares to boost tourism World

Indonesia cuts airfares to boost tourism

Indonesia will cut prices of airline tickets by 40 to 50 percent in a move to encourage tourism development amidst the coronavirus disease 2019 (COVID-19) outbreak.
Indonesia’s foreign debt growth slows in Q4 last year World

Indonesia’s foreign debt growth slows in Q4 last year

Indonesia's foreign debt was recorded at 404.3 billion USD at the end of the fourth quarter last year, comprising public debt (government and central bank) of 202.9 billion USD, and private debt, including state-owned enterprises, of 201.4 billion USD.