Balancing act underway with state budget revenues

Balancing act underway with state budget revenues

Despite a state coffer surplus for most of the year, Vietnam is expected to see a deficit in the budget for the whole of 2023, with some fiscal initiatives on assisting businesses applied.
Budget estimate shortcomings require modern fix

Budget estimate shortcomings require modern fix

The low-quality formulation of state budget revenue estimates needs to be improved, as it will continue having unwanted direct impacts on the country’s financial landscape.
Measures to boost trade underpins cautious stance

Measures to boost trade underpins cautious stance

Despite a positive budget landscape last year, the government has mapped out a cautious projection for 2023 with a large deficit due to massive difficulties expected ahead.
Positive budget figures ensuring economic balance heading into 2023

Positive budget figures ensuring economic balance heading into 2023

The state budget landscape for January to the end of November witnessed positive figures, with enterprises gradually riding out the storm to ensure their performance.
Budget resolutions set plan for 2023

Budget resolutions set plan for 2023

Vietnam’s state budget performance is expected to see a deficit of billions of US dollars this year, with such a landscape fixed for next year – with warnings sounded about punishing violations in budget management and usage.
Close control of debt augurs well for budget

Close control of debt augurs well for budget

An expansion in expenditure for supporting enterprises should help shore up Vietnam’s financial security, and not leave public debt in the lurch this year.
Budget direction on the line for NA

Budget direction on the line for NA

With the health crisis sabotaging the economy and causing a dent in the business community’s revenue, the government has suggested a rise in budget deficit to ensure state budget spending, despite a big budget surplus in the year thus far.
Evaluating and estimating state budget to reduce deficit and increase efficiency

Evaluating and estimating state budget to reduce deficit and increase efficiency

According to Minister of Finance Dinh Tien Dung’s latest report delivered recently at the National Assembly (NA), Vietnam achieved most of its financial goals in the last four years, including for 2020.
Hanoi spends extra $152 million on COVID-19 screening

Hanoi spends extra $152 million on COVID-19 screening

Hanoi will spend an additional $152 million from the city budget for Covid-19 screening of persons in concentrated isolation.
SBV may be able to purchase bank stocks under special review

SBV may be able to purchase bank stocks under special review

A proposal has been raised to allow the SBV to purchase stocks of banks under special review to handle the prolonged bad debts permeating the banking system.
Cementing sector’s future

Cementing sector’s future

Nguyen Huu Quang, National Assembly (NA) Finance and Budget Committee member and deputy general director of state cement conglomerate Vicem, puts VIR in the picture about the budget revenue situation and advocates for lower taxes to support under fire firms.
Eagle eyes needed to manage state funds

Eagle eyes needed to manage state funds

The National Assembly’s (NA) Economic and Budget Committee former deputy chairman Dang Van Thanh highlights the need to put non-budget state funds’ performance under the spotlight.
Obama says US won't balance budget in next 10 years

Obama says US won't balance budget in next 10 years

President Barack Obama warned Tuesday that America will not balance its budget within a decade because Republican plans to do so would entail slashing social programs many citizens rely on for support.
Financial muscle to lift firms

Financial muscle to lift firms

Central Economic Committee head Vuong Dinh Hue sheds some light to a raft of measures the financial sector will come up in 2013 to support the market and the corporate community.
Tax sector budgets for success

Tax sector budgets for success

General Department of Taxation deputy chief Vu Van Truong tell VIR about the tax sector’s achievements in 2012 and ways to complete the government’s tasks for 2013.
1 2 3