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Budget deficit sees 34-pct surge

Budget deficit sees 34-pct surge

Vietnam’s budget deficit widened by 34 percent in 2020 but remained within the limit set by the National Assembly, Minister of Finance Ho Duc Phoc has said.
'In technology we trust' is not the answer to social inequality

'In technology we trust' is not the answer to social inequality

There is one common thread that binds together the infamous "One Laptop Per Child" (OLPC) initiative in 2005, Facebook’s controversial "Free Basics" program in 2015, and HCMC Department of Information and Communications’ recent proposal to give its low-income residents free smartphones in 2022: the debunked belief that technology is a silver bullet to our social inequality.
January 16, 2022 | 02:39 am PT
SEA Games 31 preparations score budget boost

SEA Games 31 preparations score budget boost

The government has approved VND301 billion ($13.23 million) to be added to the preparation budget for SEA Games 31.
January 4, 2022 | 11:30 pm PT
Japan plans record defense spending in 2022 with 10th straight annual increase

Japan plans record defense spending in 2022 with 10th straight annual increase

Japanese Prime Minister Fumio Kishida's government on Friday approved record defense spending, with a 10th straight annual increase in 2022.
December 23, 2021 | 07:38 pm PT
Vietnam spends $1.3 bln on Covid-19 fight

Vietnam spends $1.3 bln on Covid-19 fight

Vietnam has spent more than VND30 trillion ($1.32 billion) from the state budget on fighting the novel coronavirus, the Covid-19 fighting committee reported.
October 18, 2021 | 05:00 pm PT
Over half of Covid budget spent

Over half of Covid budget spent

Vietnam has spent nearly 52 percent of its total VND100.11 trillion ($4.39 billion) dedicated to Covid-19 expenses this year.
September 23, 2021 | 02:31 am PT
House sanctions government’s $640-mln demand for Covid fight

House sanctions government’s $640-mln demand for Covid fight

The National Assembly has approved the government’s request for VND14.62 trillion ($640 million) to combat Covid-19 amid growing demands to speed up vaccination.
September 22, 2021 | 09:40 pm PT
Give cash and give it soon: 'Vietnam can afford it'

Give cash and give it soon: 'Vietnam can afford it'

Vietnam can afford more direct Covid-19 relief, and it should speed up the process and avoid scrimping in fighting the pandemic, experts say.
August 22, 2021 | 05:30 am PT
$221 mln reserve budget to bolster Covid fight

$221 mln reserve budget to bolster Covid fight

The government has added VND5.1 trillion ($221.9 million) to the Ministry of Health for the Covid-19 fight.
August 2, 2021 | 12:24 am PT
Covid-19 forces artists to make cut-rate, minimalist music videos

Covid-19 forces artists to make cut-rate, minimalist music videos

Artists too are feeling the economic pinch, and singers have been releasing new music videos made at a fraction of the usual cost.
July 8, 2021 | 11:35 pm PT
Low budget retention rate stunts Saigon development

Low budget retention rate stunts Saigon development

A major roadblock to development, inappropriate budget retention is preventing financial hub HCMC from addressing traffic jams and lack of schools.
December 20, 2019 | 12:30 am PT
Tax incentives cost Vietnam over $2 billion a year

Tax incentives cost Vietnam over $2 billion a year

Vietnam should cut back on its tax incentives, which costs it around VND50 trillion ($2.15 billion) a year, an Oxfam expert says.
November 14, 2019 | 08:26 pm PT
GDP revision threatens to send debts spiraling, warn experts

GDP revision threatens to send debts spiraling, warn experts

The upward revision in Vietnam’s GDP will raise spending and borrowing ceilings while revenue sources remain unchanged, experts warn.
August 30, 2019 | 05:00 am PT
Government steps in to rescue delayed key southern expressway project

Government steps in to rescue delayed key southern expressway project

The government has decided to use public money to finish the much-delayed Trung Luong - My Thuan Expressway in southern Vietnam. 
March 22, 2019 | 03:00 am PT
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