Illustrative image (Source: VNA) Hanoi (VNA) – Hanoi’sCustoms Department has announced that it collected 21.5 trillion VND (around947.1 million USD) for the State budget as of December 29, up 4 percent fromthe estimated figure of 20.65 trillion VND. Till December 31, it expects tocollect an additional 300 billion VND (13.2 million USD), raising the total to21.8 trillion VND (some 960.3 million USD), marking a 5 percent increase fromthe estimate. Tran Dai Thang, head of the department’sExport-Import Tax Office, attributed the revenue growth to the policy of movingcross-border customs and logistics procedures to My Dinh inland clearance depotfrom July 1, 2017, enabling more firms and border gates to transfer goods. The sector also attracted more 130 enterprises, 15agents and three contractors to do customs clearance procedures, thus accomplishingassigned tasks this year, he said./. … [Read more...] about Hanoi’s customs collects 960 million USD for State budget
State budget
Localities allowed to hold fireworks for Tet without using State budget
The directive was signed on December 22 by Tran Quoc Vuong, Politburo member, permanent member of the Party Central Committee's Secretariat, and Head of the Central Inspection Committee.Under the directive, Party committees, authorities and Vietnam Fatherland Front at all levels are asked to ensure the social welfare for local residents, particularly the poor; people in remote areas, border areas, sea and islands regions; people living with difficulties; and those who suffered losses from natural disasters.Actions must be taken to care for wounded soldiers, revolutionary veterans, families of war martyrs and national contributors, as well as Vietnamese Heroic mothers, religious dignitaries, and armed forces.The fiat also requires that government agencies and officials be cautious and not waste public funds during the Tet festivities.Party and State leaders and heads of agencies and organisations at the central level have been restricted from paying New Year visits to localities while … [Read more...] about Localities allowed to hold fireworks for Tet without using State budget
Localities allowed to hold fireworks for Tet without using State budget Most Recent News
NDO – Centrally-run cities and provinces are allowed to celebrate Tet 2018 (lunar New Year) with fireworks as long as the State budget must not be used for such shows, according to a directive on the organisation of Tet 2018 promulgated by the Secretariat of the Communist Party of Vietnam. The directive was signed on December 22 by Tran Quoc Vuong, Politburo member, permanent member of the Party Central Committee's Secretariat, and Head of the Central Inspection Committee. Under the directive, Party committees, authorities and Vietnam Fatherland Front at all levels are asked to ensure the social welfare for local residents, particularly the poor; people in remote areas, border areas, sea and islands regions; people living with difficulties; and those who suffered losses from natural disasters. Actions must be taken to care for wounded soldiers, revolutionary veterans, families of war martyrs and national contributors, as well as Vietnamese Heroic mothers, religious dignitaries, … [Read more...] about Localities allowed to hold fireworks for Tet without using State budget Most Recent News
NA approves 2015 State budget
NA approves 2015 State budget Ngoc Lan By Ngoc Lan - The Saigon Times Daily Bach Ho oilfi eld off Vietnam’s southern coast. Vietnam Oil and Gas Group’s contribution to the State Budget will face a shortfall of VND10-14.5 trillion owing to dropping crude oil prices - PHOTO: TTXVN HANOI – The National Assembly (NA) on November 10 approved State budget estimates for 2015, with budget overspending of some VND226 trillion or equivalent to 5% of the gross domestic product (GDP). As crude oil is a major source of revenue for the State budget, estimates were approved on the basis of the projected crude oil price at US$100 per barrel next year although global crude oil prices have continued to decline sharply since end-August until now. Accordingly, the total revenue for the State budget is estimated at VND921.1 trillion including VND10 trillion as revenue carried over from this year, which will be used for the minimum pay rise of 8% for pensioners and low-income … [Read more...] about NA approves 2015 State budget
State budget reports need transparency
State budget reports need transparency Tu Hoang By Tu Hoang - The Saigon Times Daily HANOI – Reports on the State budget in general should be transparent and publicized, suggested Phung Quoc Hien, head of the National Assembly (NA) Committee for Finance and Budget. Hien made the statement while reading a report appraising the revised Law on State Budget at a session of the NA Standing Committee held on October 2. Review, inspection and audit activities by social organizations and individuals should be provided for in the Law on State Budget. He said that estimates for budget revenue and spending should not be treated as confidential when such reports are submitted to the Assembly and other People’s Councils. Only information related to the nation’s security and defense should be kept confidential, Hien added. Hien also noted that there must be estimates for State budget revenue collection and spending. Therefore, he suggested that a sum cannot be withdrawn from … [Read more...] about State budget reports need transparency