Last November, the NA adopted a resolution on budget estimation for 2021. Total state budget revenue for 2021 will be over VND1.34 quadrillion ($58.4 billion), and total state budget spending will be nearly VND1.69 quadrillion ($73.34 billion). Total state budget deficit will be VND343.67 trillion ($14.94 billion), accounting for 4 per cent GDP. … [Read more...] about Stable structure for state budget
Homebuyers electrical report
Fire at India’s Serum Institute kills 5, AstraZeneca vaccine output unaffected
Poonawalla, whose family owns SII, was quoted as saying by broadcaster CNBC-TV18 that the fire would mean delays in launching new products and revenue losses of more than 10 billion rupees ($137 million). Equipment worth millions of dollars has been damaged, he said. … [Read more...] about Fire at India’s Serum Institute kills 5, AstraZeneca vaccine output unaffected
Mining industry unable to enjoy tax incentives
Hanoi (VNS/VNA) - The mining industry faced difficulties in the first eight months of this year due to being unable to enjoy tax and land rental incentives, said Nguyen Huu Quang, deputy head of the National Assembly's Committee on Finance and Budget. The National Assembly and the Government have issued many policies to reduce taxes, fees, charges and land rents and extend payment deadlines to support amid the COVID-19 pandemic. However, the mining industry has not accessed these incentives. The General Statistics Office (GSO) reported the index of industrial production (IIP) for the first eight months of this year was estimated to surge by 2.2 percent year-on-year, while the mining industry’s IIP reduced 7 percent. According to the amended articles of the Law on Value added Tax (VAT), exported goods, which have the total value of natural resources, mineral resources and energy cost accounting for 51 percent or more of the product cost, do not enjoy reduced … [Read more...] about Mining industry unable to enjoy tax incentives