Gov’t presses on with thrift practice, wastefulness combat Prime Minister Nguyễn Xuân Phúc has signed a decision promulgating the Government’s master plan on thrift practice and wastefulness combat.

State budget revenue hits 98 per cent of annual target At a teleconference reviewing 2020 State budget collection and spending on Thursday, Minister of Finance Đinh Tiến Dũng said the implementation of financial and budgetary tasks resulted in “positive and comprehensive” outcomes.

Public debt need to be mobilised from domestic financial reserve funds, says expert Prime Minister Nguyễn Xuân Phúc has planned to increase budget spending and public debt to support enterprises, avoiding interruption and losses of production capacity in key sectors.

Fiscal, monetary policies to be more proactive, flexible

Fiscal and monetary tools and policies will be governed in a more proactive and flexible manner from now to year’s end in order to maintain macro-economic stability and boost growth

PM asks for parliament's approval on lower GDP growth amid virus challenges

Việt Nam Government sets its sight maximum GDP growth of 5.2 per cent in best case scenarios this year, as the coronavirus pandemic continues to ravage the world’s economy. 

Stay Secure Shop Online with The Best Next-Gen Virtual Prepaid Card

To overcome the disadvantages of previous-gen unidentified virtual cards, CIMB unveils OctoFast – the next-gen virtual card with first-to-market e-KYC solution - brings significant benefits to their customers.

Budget overspending forecast to increase this year due to COVID-19

The Ministry of Finance forecast that the budget overspending at 5-5.1 per cent of gross domestic product (GDP) this year, about 1.5-1.6 percentage points higher than the Government’s plan due to the impacts of the COVID-19 pandemic.

Prompt actions for economic revival as soon as COVID-19 pandemic under control: PM

Prime Minister Nguyễn Xuân Phúc asked for prompt actions right now for an economic revival while Việt Nam is making great efforts in fighting COVID-19.

PM orders faster disbursement of public funds

Prime Minister Nguyễn Xuân Phúc on Friday asked the Finance Ministry (MoF) to work closely with the Ministry of Planning and Investment to step up public investment disbursement. 

Billionaire village turns to ghost town

Six years ago, a village of tycoons appeared in Sơn Tây District, in the central province of Quảng Ngãi, as local people became billionaires overnight thanks to land compensation from a hydropower project.