The National Assembly Standing Committee will convene its 43rd session in Hanoi from March 23-25 under the management of Chairwoman Nguyen Thi Kim Ngan and her deputies.

State management agencies are at a loss in finding suitable capital for improving the runways at Noi Bai and Tan Son Nhat international airports.

The State budget may face a shortfall of some VND42.3 trillion (US$1.8 billion) this year due to the ongoing spread of the novel coronavirus, or Covid-19, according to the Ministry of Planning and Investment.

Inefficient State-owned enterprises must be handled this year, Prime Minister Nguyen Xuan Phuc has said.

There were 21 road traffic accidents on January 25, the first day of the Year of the Rat, leaving 22 dead and 13 others injured.

Fitch Solutions maintain 2019 fiscal deficit forecast at 6.6%, but are revising up our 2020 and 2021 fiscal deficit forecasts for Vietnam to 7.0% and 7.2%, respectively, from 6.6% previously.

A tightened fiscal policy and an effective control of state budget ultilisation have facilitated Vietnam in managing its public debt.

The total collection for the state budget may exceed VND46 trillion may not be good news, because the sources of revenue are uncertain and the collection from enterprises has decreased.

Vietnam imported 120,000 assembled cars worth $2.66 billion in the first ten months of this year, according to the General Department of Vietnam Customs.

Vo Thanh Hung, director general of the State Budget Department under the Ministry of Finance, speaks to the Kinh tế & Đô thị newspaper about challenges tax offices face working with State-owned enterprises,

VietNamNet Bridge - Regular expenses are too high and many expenditure items are unnecessary: these are comments regularly seen in reports about the state budget.

National Assembly deputies have agreed that Vietnam needs to increase expenses on environmental protection after the Ministry of Natural Resources and the Environment (MONRE) reported that spending in 2017 can satisfy only 55 percent of the demand.

Truong Ba Tuan, deputy director general of the Institute for Strategic and Financial Policies under the Ministry of Finance, speaks to Vietnam News Agency on the MoF’s proposal to restructure the national budget.

While the Ministry of Finance (MOF) is seeking approval for tax hikes to increase the state budget revenue, economists point out that only reasonable government spending will help ease the budget deficit.

Bui Thi An, Associate Professor and a former deputy to the 13th National Assembly, speaks to Kinh te & Do thi newspaper about the draft proposal on the re-organisation of city/provincial departments across the country.

One of the controversial points in the draft plan on restructuring the national economy in the 2016-2020 period drafted by the Ministry of Planning and Investment is the use of the state’s money to settle commercial banks’ bad debts.

The Vietnam National Oil and Gas Group (PVN) earned VND253 trillion (US$11.3 billion) in revenue and paid VND50.7 trillion to the State budget in the first seven months of this year.

As the crude oil price keeps falling, state budget revenue has decreased. However, despite the bad news, Vietnam still has to continue exploiting oil and consider opening the Red River coal basin.

VietNamNet Bridge - Government officials say it’s the right time to seriously think about putting aside revenue from oil for descendants. 

VietNamNet Bridge – Bui Quang Vinh, Minister of Planning and Investment, spoke to the newspaper Tien Phong (Vanguard) about money disbursement in the central and local budgets.