Total State budget collection in the first ten months of this year was estimated at 1.13 quadrillion VND (48.7 billion USD), or 75.2 percent of the annual estimate and down 10.3 percent year-on-year, according to the Ministry of Finance.
Hanoi (VNA) - Total State budget collection in the first ten monthsof this year was estimated at 1.13 quadrillion VND (48.7 billion USD), or 75.2percent of the annual estimate and down 10.3 percent year-on-year, according tothe Ministry of Finance.
Of the total, 959.2 trillion VND was domestic collection, accounting for 75.9percent of the estimate and falling 6.8 percent against the same period lastyear. Meanwhile, 29.65 trillion VND came from crude oil, or 84.2 percent of theestimate and down 37.2 percent year-on-year.
Expenditure in the first ten months stood at more than 1.26 quadrillion VND, equivalentto 72.1 percent of the estimate and up 9.7 percent from the same period lastyear.
As of October 26, some 17.77 trillion VND had been set aside for the preventionof COVID-19 and support for people hit hard by the outbreak.
Some 3.17 trillion VND was spent on recovering from the consequences of naturaldisasters and the African swine fever outbreak, while 500 billion VND was usedto support five flood-hit provinces in the central region.
The ministry said State budget collection faced difficulties this year due to thepandemic and climate change./.
The 9th-tenure People’s Council of HCM City commenced its 20th session on July 9, during which key tasks and solutions for the remaining months will be planned to achieve this year’s targets.
State budget collection in the first nine months of this year reached 975.3 trillion VND (42.4 billion USD), equivalent to 64.5 percent of the estimate and representing a drop of 11.5 percent year-on-year, according to the Ministry of Finance.
State budget collection is expected to rise 1.5 percent over 2020, according to a Government report on State budget estimate for 2021, which is being put on discussion before being submitted to the National Assembly.
The State budget revenue of the northern port city of Hai Phong is expected to reach over 98.2 trillion VND (over 4.2 billion USD) in 2020, including 63 trillion VND from export-import activities and over 35.2 trillion VND from domestic collection.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
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.
Illustrative image (Photo: VNA) 
