Gaps remains in State budget disclosure policy, implementation: Research

The legal provisions related to State budget disclosure, accountability and people’s participation in state management and the budget cycles are relatively complete, but there is still a number of gaps between legal documents and their actual implementation, according to research on the policies of State ...

Open Budget Portal makes debut

The Ministry of Finance on August 26 officially launched the Open Budget Portal, a key to a transparent and accountable future.For the people, businesses, researchers and international and domestic originations, the portal is regarded as a channel to provide essential data and information relevant to ...

Thuy Dung

Vietnam sees greater budget transparency

Vietnam’s Open Budget Index (OBI) increased rapidly in 2019 compared to 2018, according to a survey released on July 1. Conducted by the International Budget Partnership (IBP) and announced globally and in Vietnam for the seventh time, the Open Budget Survey showed that Vietnam had advanced in ...

Government orders cutting 10 percent of regular budget spending

The Government has issued a programme on practising thrift and fighting wastefulness in 2019, with one of the measures requiring cutting 10 percent of regular budget spending. The programme emphasizes tightening fiscal-budgetary discipline and strictly following the budget estimates approved by the National Assembly. Keep reading ...

VNA Reporter

VN government to cut funding for State-run media

Prime Minister Nguyen Xuan Phuc has signed a plan to slash the number of State-funded communication corporations and their total budget by 10 per cent by 2021.[]Việt Nam will see at least a 10 per cent reduction in the number of State-funded communications agencies (non-media) ...

VNS Reporter

Fed’s interest rate hike could affect Vietnam’s budget balance

The likely move by the United States Federal Reserve System on further hiking the interest rate and the ongoing trade war between the United States and China could have an adverse impact on Vietnam’s State budget balance and public and national debts in the coming ...

SGT Reporter

Vietnam’s foreign debts rise rapidly on USD appreciation

The nation’s foreign debts had reached VND2,451,978 billion as shown in the government’s report to the National Assembly on using loans and managing public debts as of the end of December 2017. With the official exchange rate of VND22,425 per dollar announced by the State ...

Kim Chi

Vietnam spends US$14 million per day paying interest on loans

Vietnam saw a budget surplus of VND2.5 trillion (US$107.58 million) in the first six months this year, indicating a sharp improvement from the budget deficit of VND20 trillion (US$860.5 million) from the same period of last year, according to the Ministry of Finance. During the ...

Ngoc Thuy

Vietnam plans to spend $11.3 bln to repay government debt in 2018

Vietnam is planning to spend VND256.7 trillion ($11.3 billion) this year to repay government debt, according to authorities. That figure has increased by VND18.7 trillion ($823 million) compared to 2017 under a plan recently approved by Prime Minister Nguyen Xuan Phuc.Keep reading ...

Anh Minh

Public debt rising rapidly as number of civil servants remains high

To curb the public debt, Vietnam needs to cut public spending, including the downsizing of civil servant staff.Keep reading ...


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