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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.
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 13, 2020 | 11:50 am GMT+7
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 02, 2020 | 07:48 am GMT+7
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 11, 2019 | 09:04 am GMT+7
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 13, 2018 | 10:31 am GMT+7
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 16, 2018 | 11:08 am GMT+7
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 | 04:30 pm GMT+7
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 02, 2018 | 10:33 am GMT+7
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 11, 2018 | 09:00 am GMT+7
US Congress approves short-term budget to avoid shutdown

US Congress approves short-term budget to avoid shutdown

The temporary funding extension will keep the federal government running for four more weeks.
December 22, 2017 | 09:13 am GMT+7
Vietnam’s government debt jumps 80 pct in four years

Vietnam’s government debt jumps 80 pct in four years

Over 42 percent of the $93.4 billion debt was owed to foreign lenders in 2015.
September 22, 2017 | 10:23 am GMT+7
Gov't agrees to give HCMC more autonomy

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 07, 2017 | 11:49 am GMT+7
The latest tax hikes Vietnam is trying to cash in on

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 | 09:38 pm GMT+7
Vietnam’s leaders say no rescue for state-run factories with massive losses

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 21, 2017 | 01:56 pm GMT+7
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