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Home  >>   Daily News  >>Vietnam>>Economy>>State budget collection up 13 per cent
NEWS UPDATES Asean Affairs    September  13,  2017  












State budget collection up 13 per cent

Vietnam:Total State budget collection in the first eight months of this year was estimated at VNĐ762.8 trillion (US$33.4 billion), an increase of 12.8 per cent over the same period last year.

The amount is equivalent to 63 per cent of the whole year’s estimates, according to the Ministry of Finance. In the reviewed period, domestic collection reached VNĐ603.6 trillion, up 10.7 per cent year-on-year, accounting for 61 per cent of the year’s estimates.

The ministry said budget revenues from crude oil exports, estimated at roughly VND29.97 trillion, met 78.3 per cent of estimates, up 11.3 per cent over the same period in 2016.

Import-export activities contributed VND190.8 trillion to the State budget, an increase of 9.5 year-on-year and equaling 66.9 per cent of projected revenues.

According to the ministry, total budget spending was VNĐ793.5 trillion, up 7.8 per cent year-on-year, completing 57.1 per cent of the yearly target. Of the estimate, budget investment for development was VND137 trillion.

Regular expenditures in eight months were estimated at VND585 trillion, equaling 65 per cent of the year’s estimate, up 7.4 per cent over the same period last year.

Debt payment and interest expenses during the period totaled VNĐ68 trillion, meeting 68.9 per cent of annual target and increasing by 14.6 per cent year-on-year.


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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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