Starting today, establishments that draw funds from the State budget will have to publicise their budget estimates and balance every quarter under a new Circular of the Ministry of Finance.
Hanoi (VNS/VNA) - Starting today, establishments that draw funds from theState budget will have to publicise their budget estimates and balance everyquarter under a new Circular of the Ministry of Finance.
Establishmentscan publicise the information at meetings, post the information at theirheadquarters or issue publications on their budget estimates and balance.
Budget-relatedinformation can also be publicized through the media or on company websites.
Relevantministries, agencies and People’s Committees at all levels are responsible toexamine the publication of State budget estimates and balance of establishmentswithin their jurisdiction.
Violatorswill be punished in line with current regulations.
Thepublication of information must be done no later than 15 days after the end ofthe quarter and the six-month period.
Inanother regulation that will kick off on August 15, the Electricity of Vietnamwill be allowed to adjust the average electricity retail price every six monthunder a decision issued by Prime Minister Nguyen Xuan Phuc. The pricechange must be done transparently, publicly and within the price frameworkregulated by the Prime Minister.
Ifthe electricity price is increased 10 percent higher than the current rate oraffects the macro-economy, the Ministry of Industry and Trade will co-ordinatewith the Ministry of Finance to inspect and review the price adjustment tosubmit to the PM for consideration.
Alsofrom August 15, monthly pensions, social insurance allowances and social allowanceswill increase by 7.44 percent for eight groups, including public officials,workers, soldiers, police and those receiving pensions for occupationalaccidents and diseases.-VNA
The Ministry of Finance on July 26 provided more information about the State Bank of Vietnam (SBV)’s disbursement ratio of planned investment capital sourced from the State budget in 2017.
State budget revenues falling short of the half-way mark in the first six months of the year is a normal feature of the domestic economy and does not preclude meeting the annual target.
Vietnam can no longer rely on the increasing investment by the public sector and exploitation of natural resources to drive its economic growth in the future, the Prime Minister’s newly established economic council warned in its very first meeting.
The Government’s recent decision on the restructuring of credit institutions ensures that State-owned banks listed on the market no longer have to worry about dividend payout in cash, experts said.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Vietnam is now positioning itself as a global manufacturing hub with a diversified export portfolio, improved product quality, and enhanced price competitiveness.
Illustrative photo (Source: thanhnien.vn) 
