Illustrative image (Photo: VNA) Hanoi (VNA) – State budget collection from export-import activities in January topped 24.8 trillion VND (1.07 billion USD), or 5.8% of the estimate, down 42.3% annually, reported the General Department of Vietnam Customs (GDVC). This year, the National Assembly assigned the GDVC to collect 425 trillion VND in revenue to the State budget, based on the estimate that the gross domestic product grows 6-6.5%, the price of crude oil stands at 70 USD per barrel, export turnover increases by 8-9% while imports rises by 7-8%. At the same time, the GDVC will step up reform and simplification of procedures, including partnering with banks to launch the pilot of an electronic tax payment portal. export-import value was estimated at 46.56 billion USD, down 17.3% month-on-month and 25.01% year-on-year. VNA … [Read more...] about State budget collection from export-import drops in January
How grocery shop on a budget
Indonesia to spend nearly 32 billion USD on post-pandemic social protection
People shop for food at a market in Aceh - westernmost province of Indonesia. (Photo: AFP/VNA) Jakarta (VNA) – The Indonesian government plans to spend 476 trillion Rp (31.8 billion USD) on social assistance protection as the country is transitioning from the COVID-19 pandemic to the endemic disease phase. Indonesia’s President Joko Widodo said that his government will not abruptly revoke the massive spending on social programmes aimed at helping the people and businesses cope with the devastating economic impact of the pandemic over the last three years. Speaking at a recent meeting of the National Committee for COVID-19 Handling and National Economic Recovery (PC-PEN), Joko Widodo said that after lifting restrictions at the end of 2022, Indonesia is in an interim phase in which it must maintain caution, especially in deciding on economic measures. In contrast to other nations that have recently experienced high inflation, according to the President, Indonesia has … [Read more...] about Indonesia to spend nearly 32 billion USD on post-pandemic social protection