The National Assembly (NA) on November 10 adopted a resolution on the state budget estimates for 2024, which targets next year’s state budget collection at over VND1.7 quadrillion (nearly US$69.8 billion).
Prime Minister Pham Minh Chinh on September 14 chaired a meeting between Cabinet members and State-owned enterprises (SOE) across the country on the promotion of business, production and development investment.
Prime Minister Pham Minh Chinh today chaired a meeting with ministries, sectors and localities, discussing plans to invest in an expressway connecting Ninh Binh, Nam Dinh and Thai Binh, and another linking Dak Nong and Binh Phuoc province.
Tax revenue in January was estimated at VND165.7 trillion (US$7.06 billion), or 12.1 percent of the ordinance estimate, up 4.4 percent year-on-year, the General Department of Taxation reported on January 31.
It is expected that in 2023 HCMC will have a demand for public investment capital of nearly VND16,500 billion (US$691 million) from the central budget and over VND55,200 billion (US$2.3 billion) from the city budget.
Deputy Prime Minister Vu Duc Dam, Head of the Working Group No.3 on inspecting, urging, removing difficulties and obstacles, and accelerating disbursement of public investment capital in 2022, on October 26, worked with some ministries, agencies, and central and local agencies on the disbursement progress of public investment capital in 2022.
The tax sector collected over VND1.1 quadrillion (US$46.13 billion) for the State budget in the first nine months of this year, a year-on-year rise of 21.6 percent, and equivalent to 93.9 percent of the yearly estimate, according to the General Department of Taxation.
Prime Minister Pham Minh Chinh requested that the Vietnam Oil and Gas Group (PetroVietnam) ensure energy sufficiency during a working session on September 11 to seek ways for accelerating some key projects and solving difficulties facing the firm.
The Ministry of Transport (MoT) has approved an investment worth nearly VND1.1 trillion (over US$47 million) for a sub-project to upgrade the Nha Trang – Saigon railway section, which is part of the project to renovate and upgrade the Hanoi-Ho Chi Minh City railway route in the 2021-2025 period.
Based on the report of the Ministry of Agriculture and Rural Development (MARD) that about 45,000 fishing vessels are lying ashore, the Minister of Industry and Trade (MoIT) has recently signed Official Letter No.3822 to Prime Minister Pham Minh Chinh, proposing to use the budget to support fishers and underprivileged people affected by high petrol prices.
Several rural clean water supply works in the Central Highlands province of Dak Lak were built with investment capital of up to tens of billions of Vietnamese dong but failed to promote their effectiveness and have been abandoned. The State budget is wasted while people are still longing for clean water.
Vietnamese gov’t plans to keep 2022’s monetary and fiscal policies as lax as as part of the Socio-Economic Development Strategy for the 2021-2030 period in 2022, with a GDP growth target of 6-6.5 percent and inflation control below 4 percent.
Vietnam’s master plan on developing domestic seaport network over the next 10 years, with a vision to 2050, will focus on the development of six major port clusters, Minister of Transport Nguyen Van The has said.