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state budget
Petrolimex net profit hits six-year high
Vietnam’s state-owned oil importer and distributor Petrolimex, recorded a US $140 million net profit in 2015, the highest figure since 2010, according to the company’s consolidated financial report published on March 3.
Crude oil revenue shrinks 40 percent in February
Hai Phong claims $77 million shortfall from state budget to cover airport upgrade
Tax avoidance leaves $3.4 bln hole in national budget
Vietnam failed to collect VND76 trillion ($3.4 billion) in taxes during the first four months of this year, of which Hanoi’s bill added up to more than 30 percent of the figure, according to the General Department of Taxation under the Ministry of Finance.
May 27, 2016 | 12:18 am PT
Vietnam rakes in nearly $200 million from state firm sell-offs
Vietnam divested VND2.1 trillion from state-owned enterprises during the first five months of the year, the Finance Ministry said on Monday, adding approximately VND4.2 trillion ($187 million) to government coffers.
June 6, 2016 | 10:57 pm PT
Vietnamese shipping firm Vinalines sells boats to stay afloat
Vinalines, Vietnam’s largest state-owned shipping firm and port operator, has been forced to put six ships up for sale as the global shipping crisis takes its toll, the shipping firm said in a document sent to the Ministry of Transport.
June 10, 2016 | 12:57 am PT
Disbursement for public investment too slow: Vietnam government
Deputy Prime Minister Vuong Dinh Hue has urged government agencies to speed up the disbursement of state budget for public investment projects, Vietnamese government portal reported yesterday.
June 22, 2016 | 04:50 am PT
Vietnam to use public investment to reach ambitious growth target
With money sitting there waiting to be spent, the PM is saying spend it.
July 25, 2016 | 02:29 am PT
Vietnam looks at giving SMEs a tax break
The only problem is that conflicting ideas of what constitutes an SME may lead to confusion.
August 4, 2016 | 11:28 pm PT
Public associations and unions cost Vietnam $630 million in 2016
These organizations, run on state funding as administrative bodies, inefficient and difficult for the government to control.
September 9, 2016 | 01:30 am PT
State oil group PetroVietnam poised to beat 2016 output target
It is expected to contribute a fifth of the state’s revenue this year.
October 12, 2016 | 01:31 am PT
Vietnam's public hospitals waste $16 mln on unused, broken equipment: audit
Many devices were damaged before or soon after being put into use.
May 24, 2017 | 12:04 am PT
Vietnam’s leaders say no rescue for state-run factories with massive losses
The Communist Party’s decision-making body has ordered the trade ministry to quickly end business ventures that are in the red.
June 20, 2017 | 10:56 pm PT
The latest tax hikes Vietnam is trying to cash in on
Rising public debt has forced the government to squeeze more out of revenue streams.
August 17, 2017 | 06:38 am PT
Gov't agrees to give HCMC more autonomy
The city will have authority over 'certain matters' which are currently controlled by ministries and other central government units.
September 6, 2017 | 08:49 pm PT
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