The National Assembly has issued a resolution on State budget estimates for 2019, in which total State budget collection will likely reach over 1.411 quadrillion VND (60.67 billion USD), while the total spending will hit more than 1.633 quadrillion VND.
A workshop took place in Hanoi on December 4 to collect feedback from enterprises on a draft circular to evaluate the level of law observance in imports and exports and transit of goods.
Work to be done in December needs to ensure socio-economic goals set for 2018 are accomplished or exceeded to create a springboard for the implementation of 2019 plan, said Prime Minister Nguyen Xuan Phuc.
The Finance Ministry reported on November 12 that total State budget collection was estimated at 1.12 quadrillion VND in the January-October period, equivalent to 84.9 percent of the yearly estimates, and up 15.1 percent from the same time of 2017.
The growth of liquefied petroleum gas (LPG) consumption is forecast to slow down as LPG prices have tended to increase in 2018, according to the Vietnam Gas Association (VGA).
Prime Minister Nguyen Xuan Phuc sent a working group to the Vietnam National Petroleum Group (Petrolimex) on September 25 to examine the firm’s implementation of tasks assigned by the Prime Minister and the Government so far.
With a population of 1.2 billion and a high economic growth rate in recent years, Africa is a promising market for Vietnam, according to the Vietnamese trade counsellor in charge of several African countries.
The customs cooperation between Vietnam’s northern provinces of Lao Cai, Dien Bien, Ha Giang, and Hai Phong city and China’s Kunming has proven successful, reaping many positive outcomes.
The industrial production index of 20 southern provinces increased by 9.81 percent in the first seven months of this year, according to the Ministry of Industry and Trade.
Prime Minister Nguyen Xuan Phuc has asked the Ministry of Finance to submit a draft action plan on the promotion of ASEAN Single Window (ASW), National Single Window (NSW), and trade facilitation by the end of August, and a draft decree on the work by the end of September this year.
The Vietnam Association of Seafood Exporters and Producers (VASEP) has urged domestic enterprises to maintain strict quality control of aquatic products exported to China amidst the fast growth of tra fish export to this market recently.
Hanoi has been one of the two leading localities in e-commerce for the past five years, but the trend has posed considerable risks in database, technology, transaction procedures, legal regulations and technology standards.
The quality of Vietnam’s economic growth in 2011-2017 has improved in many aspects with high expansion of gross domestic product (GDP) and increasing labour productivity and incremental capital output ratio (ICOR).
The number of local consumers using E5 petrol in their autos has been increasing rapidly, though bio-fuel has only been put into use nationwide for just the past month.
The National Steering Committee for combating smuggling, trade fraud, and counterfeits has said it will step up inspections and fight against petrol and oil smuggling and trade fraud in 2018.
The Mekong Delta province of Kien Giang will create favourable conditions for citizens of Vietnam and Cambodia to cross the border for visits during the upcoming traditional New Year (Tet) festival.
Vietnam’s export-import exceeded 420 billion USD for the first time in 2017, of which export recorded the highest growth of 21.1 percent over the past seven years with 29 commodities joining the one billion USD club.
The Khai Duc Company, which owns Khaisilk brand, will be given stringent punishment for violation of norms and fraudulent trading.
