Projects unable to disburse must urgently return capital to State budget

Projects unable to disburse must urgently return capital to State 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.
Budget revenue from tax reaches nearly 94 percent of estimate

Budget revenue from tax reaches nearly 94 percent of estimate

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.
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Investment projects face delay in Can Gio District

Many domestic and foreign investors are eyeing Can Gio urban area for lucrative investment projects after much improvement in transport connectivity with Ho Chi Minh City. 
PM requests PetroVietnam ensure energy sufficiency

PM requests PetroVietnam ensure energy sufficiency

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.
Sub-project approved for upgrading Nha Trang – Saigon railway section

Sub-project approved for upgrading Nha Trang – Saigon railway section

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.
MoIT proposes to compensate fuel prices for fishers by State budget

MoIT proposes to compensate fuel prices for fishers by State budget

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.
Many clean water supply works abandoned in Dak Lak Province

Many clean water supply works abandoned in Dak Lak Province

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.
Gov’t to loosen monetary, fiscal policies in 2022

Gov’t to loosen monetary, fiscal policies in 2022

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.
Housing for workers requires multiple contributions

Housing for workers requires multiple contributions

Many economic experts have suggested tapping a multiple number of sources for contributions for providing proper housing for workers, instead of just relying on State budget.