Vietnam records US$5.42 billion fiscal deficit in 2020
As of December 15, the budget revenue collection reached VND1,307.4 trillion (US$56.67 billion), equivalent to 86.5% of the year's estimate.
15:11, 2020/12/15
Vietnam finance ministry releases state budget estimate for 2021
The release of these figures is a key step in promoting transparency and publicity of Vietnam’s state budget.
23:46, 2020/11/13
Vietnam gov't mandated to narrow fiscal deficit to 4% of GDP in 2021
State budget allocation would continue to be prioritized for the Covid-19 fight, recovery efforts in the wake of natural disasters, social welfare, national security and foreign affairs.
13:15, 2020/11/06
Vietnam targets fiscal deficit of 3.7% of GDP in next five years
By 2025, Vietnam’s public debt is projected at 47.5% of the revised GDP (which is 25.4% higher than current method of GDP’s calculation), or 60.4% of the level before being revised.
14:36, 2020/11/02
Highlights from the year-end meeting of the National Assembly
The government is taking a cautious view in setting its development goals for 2021, which is understandable due to lingering risks from the Covid-19 pandemic.
09:39, 2020/10/27
Fitch Solutions revises down Vietnam fiscal deficit to 3.6% of GDP
The economy is likely to stage a stronger recovery in Q4 this year, versus 2.6% y-o-y real GDP growth in Q3.
15:40, 2020/10/21
Covid-19 pushes Vietnam fiscal deficit to nearly 6% of GDP
Such a high fiscal deficit is due to low state budget revenue and increase in regular spending under the severe Covid-19 impacts.
10:43, 2020/10/02
Vietnam GDP growth poised to rebound 8.1% in 2021: HSBC
While Vietnam is on track to witness the strongest growth in ASEAN this year, a weakening job market is the biggest risk to its economic recovery.
11:33, 2020/08/31
Vietnam fiscal deficit widens to US$4.57 billion in 8 months on Covid-19
As of August 15, budget revenue collection reached VND812.2 trillion (US$35.04 billion), equivalent to 53.7% of the year's estimate.
22:12, 2020/08/03
Vietnam economy shows positive signs in 7 months: PM
The resurgence of the coronavirus is posing a significant risk to economic recovery efforts, stated Prime Minister Nguyen Xuan Phuc.