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State budget revenue nears $33B in five months

State budget revenue nears $33B in five months

State budget collection in the January-May period was estimated at over VND769.6 trillion (US$32.75 billion), equivalent to 47.5% of the estimates for the whole year, the Ministry of Finance reported on Thursday.
Corruption causes $1.28-bln loss to state budget

Corruption causes $1.28-bln loss to state budget

Nearly 1,300 corruption cases in 2016-2021 had caused a total loss of VND31.8 trillion ($1.28 billion) to the state budget, the parliamentary oversight team said.
October 30, 2022 | 11:40 pm PT
Value-added tax to be cut to 8 pct from February

Value-added tax to be cut to 8 pct from February

A draft government decree reduces value-added tax on many products and services from the current 10 percent to 8 percent from Feb. 1.
January 14, 2022 | 08:00 pm PT
Let HCMC retain more, Hanoi less of municipal budget revenues: ministry

Let HCMC retain more, Hanoi less of municipal budget revenues: ministry

The Finance Ministry has suggested that HCMC be allowed to retain 3 percent more of its budget revenues and that of Hanoi be cut by the same margin.
October 28, 2021 | 03:00 am PT
Foreign investment fares poorest in steel: report

Foreign investment fares poorest in steel: report

Steel manufacturers were some of the worst performing foreign invested enterprises in 2019, a new finance ministry report says.
December 27, 2020 | 06:41 pm PT
Vietnam budget transparency ascends global ranking

Vietnam budget transparency ascends global ranking

Placing 77th out of 117 economies, Vietnam jumped 14 spots from 2017 in this year's world ranking for budget transparency.
May 20, 2020 | 10:00 pm PT
Cut back on meetings and trips, government offices told

Cut back on meetings and trips, government offices told

Vietnam can save at least VND700 billion ($29.6 million) if official agencies reduce official trips and conferences to ease pandemic-hit budget strains.
April 12, 2020 | 08:50 pm PT
How public money is used should be public knowledge

How public money is used should be public knowledge

Vietnamese leaders, from deputy ministers up, fly business class, regardless of the flight duration.
January 1, 2020 | 04:48 pm PT
Lao Cai wants state to cover bulk of Sa Pa airport investment

Lao Cai wants state to cover bulk of Sa Pa airport investment

The state should provide 52 percent of the investment needed for the Sa Pa Airport, provincial authorities say.
April 10, 2019 | 06:04 pm PT
Consumers gain most from FTA tax reforms

Consumers gain most from FTA tax reforms

While the state budget and domestic producers can suffer from lower import taxes, consumers will benefit handsomely, economists say.
September 12, 2018 | 07:31 pm PT
Vietnam urged to curb negative impacts of FDI inflow

Vietnam urged to curb negative impacts of FDI inflow

Vietnam should consider the unhealthy implications of the large role that FDI plays in the national economy, economists say.
August 15, 2018 | 08:08 pm PT
Ho Chi Minh City to spend over $100 million raising public sector pay in 2018

Ho Chi Minh City to spend over $100 million raising public sector pay in 2018

The megacity plans to use its new autonomy to raise civil servants' incomes over the next three years.
February 28, 2018 | 01:30 am PT
Hanoi to spend $61 mln building new cemetery for high-ranking officials

Hanoi to spend $61 mln building new cemetery for high-ranking officials

Space has run out at the official cemetery where the likes of revolutionary leaders Le Duan and Ton Duc Thang are buried.
February 1, 2018 | 07:33 pm PT
Vietnam's finance ministry tables conflicting proposals for personal income tax shake up

Vietnam's finance ministry tables conflicting proposals for personal income tax shake up

One proposal would add $22.5 million to the state coffers, while the other would cause a loss of $58.5 million.
January 10, 2018 | 06:00 pm PT
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