Financial sector urged to raise 2021 budget collection
Prime Minister Nguyen Xuan Phuc wants the MoF to continue its reform process and set up a development strategy for the next five to ten years, which is essential during a strong volatile world with high risk of financial crisis.
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.
11:42, 2020/08/10
Vietnam gov’t spends nearly US$770 million to support efforts against Covid-19
As of July 20, the government delayed a payment worth VND47.6 trillion (US$2.04 billion) of land rental fees and taxes for enterprises, organizations and household businesses.
13:39, 2020/06/18
Fees and charges make up growing shares in Vietnam state budget revenue
Such increases have created a burden on the citizens, while multinationals are taking advantage of Vietnam’s incentive policies to avoid taxes.
17:30, 2020/05/11
Vietnam spends over US$2.2 billion in state budget for Covid-19 fight so far
The finance ministry is seeking preferential loans from international organizations to relieve pressure of growing borrowings from domestic sources.
14:47, 2020/04/18
Vietnam maintains fiscal surplus of US$2 billion in Q1 amid Covid-19
During the first quarter, budget revenue collection reached VND391 trillion (US$16.75 billion), equivalent to 25.9% of the year's plan and up 1.8% year-on-year.
17:06, 2020/03/12
Hanoi may lose up to US$700 million in state budget revenue on Covid-19
To mitigate negative impacts from the epidemic, the local tax authority said it would continue to reform administrative procedures and adopt e-tax payment scheme.
17:24, 2020/02/08
Vietnam records fiscal surplus of US$2.04 billion in January
In January, tax revenue stood at VND166.7 trillion (US$7.17 billion), equivalent to 11% of the year's plan and up 4.8% year-on-year.
17:36, 2019/12/31
Vietnam’s public debt trends down to 56.1% of GDP in 2019
Total capital expenditure in the 2016 – 2020 period would exceed the target of VND2,000 trillion (US$86.45 billion), accounting for 27 – 28% of total spending.