Over VND8 trillion spent on Covid-19 prevention and control

VCN- The Vietnamese Government has spent more than VND8 trillion on COVID-19 prevention and control, according to the Ministry of Finance.
The export of seafood changed because of the Covid-19 pandemic The export of seafood changed because of the Covid-19 pandemic
Besides Covid-19 vaccine, there is a need for “vaccine” on institution for enterprises Besides Covid-19 vaccine, there is a need for “vaccine” on institution for enterprises
Ha Tinh Customs prevents drug crimes amid Covid-19 pandemic Ha Tinh Customs prevents drug crimes amid Covid-19 pandemic
4555-11111111111111

The Ministry of Finance has submitted to competent authorities to allocate resources to import vaccines as proposed by the Ministry of Health. Photo: Internet.

More than VND6.1 trillion was spent from the central budget, with VND5.35 trillion allocated to ministries to purchase medical supplies and equipment and vaccines, and VND762 billion to help localities.

In addition, VND13.1 trillion has been spent on supporting more than 13 million people affected by the Covid-19 pandemic, who mainly are the poor, social policy beneficiaries, those who rendered service to the nation, and workers who lost their jobs.

The Ministry of Finance said VND4,056 billion was allocated from the central budget to support ministries and localities for COVID-19 prevention and control in 2020.

The total fund for this work in 2021 has hit VND823 billion, of which the amount allocated to ministries is VND505,853 billion.

The Ministry of Defense, the Ministry of Labor, War Invalids and Social Affairs, and the Ministry of Health is allocated VND2,165 billion, VND0.788 billion, VND502.9 billion, respectively.

Notably, the Government has submitted a plan to the National Assembly Standing Committee with the estimated fund of about VND25.2 trillion to buy vaccines and vaccinate about 75 million people, of which the central budget will ensure about VND16 trillion and about VND9.2 trillion will come from local budgets, businesses and organisations.

On May 18, 2021, the National Assembly Standing Committee issued Resolution No.1271/NQ-UBTVQH14 that stipulates using VND12,100 billion from savings sources in 2020 to purchase vaccines for Covid-19.

Thus, the Ministry of Finance has submitted to competent authorities to ensure resources to import vaccines as proposed by the Ministry of Health.

Recently, the Ministry of Finance instructed the People's Committees of the provinces and centrally-run cities on funding sources and procurement mechanisms for medical equipment, chemicals, supplies and biological products for Covid-19 prevention and control. The Ministry asked localities to comply with regulations on the management of funds and procurement.

By Thuy Linh/Ngoc Loan

Related News

Tax sector accompanies and supports tax finalization

Tax sector accompanies and supports tax finalization

VCN - In the first months of 2024, the Tax sector has deployed peak months to support tax finalization in many different forms, thereby solving many problems in settlement of corporate income tax and personal income tax for taxpayers.
Accelerating disbursement of public investment from early year

Accelerating disbursement of public investment from early year

VCN – The local authorities are determined and make efforts to work with the Ministry of Finance to accelerate the disbursement of public investment. Therefore, the Ministry of Finance recommends continuing to promote the leading role and capital of state budget resources.
What makes difficulties for Customs sector in budget collection?

What makes difficulties for Customs sector in budget collection?

VCN - Although the Customs sector has offered comprehensive solutions, the revenue collection results for 11 months of 2023 still only reach VND335,116 billion, equal to 78.9% of the estimate, down 16.8% year-on-year. According to the General Department of Customs, the reason for the decrease in the State revenue is the decrease in taxable turnover of some import and export products.
The tax sector

The tax sector's budget revenue reached 1,336,002 billion VND

VCN - Information from the General Department of Taxation said that as of November 30, 2023, the Tax agency had issued 16,778 VAT refund decisions with a total tax refund amount of VND 127,783 billion.

Latest News

Forum discusses support for women-owned firms ​to join supply chains

Forum discusses support for women-owned firms ​to join supply chains

A forum on supporting women-owned businesses to join supply chains through sustainable development tools took place in Hanoi on April 17.
Ensure savings and prevent losses in disbursement of public investment

Ensure savings and prevent losses in disbursement of public investment

VCN - The practice of thrift and combating waste in the management and use of public investment is one of key tasks in the program of thrift practice and waste combat in 2024 of the Ministry of Finance.
Implementing unprecedented fiscal policies to actively support people and businesses

Implementing unprecedented fiscal policies to actively support people and businesses

VCN - Implementing fiscal policies to support the economy, the Ministry of Finance has advised and offered many unprecedented solutions to reduce taxes, fees and charges, thereby supporting people and businesses to overcome difficulties, restore production and business. According to assessments, in 2024 fiscal policy will continue to be a positive highlight for the economy.
Foreign investors net sell in Vietnamese market, banking sector attracts interest

Foreign investors net sell in Vietnamese market, banking sector attracts interest

According to BSC, foreign investors sold a net total of VNĐ11.55 trillion across all three exchanges in the first three months of 2024, equivalent to 50.62 per cent of the total net selling value in 2023. The selling pressure came from active funds and ETFs, resulting in a continued net withdrawal state and exerting pressure on the market.

More News

Banks record positive business indicators in Q1 2024

Banks record positive business indicators in Q1 2024

According to experts, the prosperity of the banking industry in the period came from many supporting factors, including favourable policies to credit growth.
The finance sector focuses on perfecting institutions, ensuring financial discipline, and budgetary rigor

The finance sector focuses on perfecting institutions, ensuring financial discipline, and budgetary rigor

VCN- In the document sent to the Ministry of Planning and Investment (MPI) regarding the implementation of Resolution No. 01/NQ-CP in the field of state finance and budget in March 2024, the Ministry of Finance stated that it actively implemented projects to build and improve institutions, ensuring the balance of the state budget and stability in the financial market and prices.
IASB recommends Vietnam prepare infrastructure to apply IFRS

IASB recommends Vietnam prepare infrastructure to apply IFRS

VCN - Applying “International Financial Reporting Standards (IFRS) will help businesses improve the quality of financial reporting and enhance the quality of explanation, but there are still many difficulties in transformation.
Strong decentralization for ministries, branches and localities to manage and use electricity projects

Strong decentralization for ministries, branches and localities to manage and use electricity projects

VCN - Responding to petitions from voters in Lao Cai province related to problems in handing over public assets such as power grid projects to the electricity industry for management, the Ministry of Finance said that it has submitted to the Government to promulgate Decree No. 02. /2024/ND-CP on transferring power projects as public assets to Vietnam Electricity Group (EVN).
The Tax sector’s revenue collection reached 33% of current appropriation

The Tax sector’s revenue collection reached 33% of current appropriation

In the first quarter of the year, total revenue managed by Tax agency was estimated at VND490,196 billion, equal to 116.9% of the current appropriation in the first quarter, equivalent to 33% of the current appropriation, an increase of 10.9% over the same period in 2023
Savings interest rates begin rising amid slowing bank deposits

Savings interest rates begin rising amid slowing bank deposits

While some commercial banks continue lowering deposit interest rates, others are increasing the rates, particularly for term deposits of 12 months or longer.
Ministry of Finance conducts general verification of public assets

Ministry of Finance conducts general verification of public assets

VCN - The Ministry of Finance issued Decision No.798/QĐ-BTC on the plan for implementing Decision No.213/QĐ-TTg of the Prime Minister approving the scheme on general verification of public assets at agencies, organizations, and units as well as infrastructures that are invested and managed by the State.
Removing bottlenecks to develop the green bond market

Removing bottlenecks to develop the green bond market

VCN - Currently, there are still many bottlenecks for the development of the green finance market and green bonds. Therefore, solutions are needed to increase resources for businesses and the economy.
Improving legal framework, ensuring accessibility to green bonds

Improving legal framework, ensuring accessibility to green bonds

VCN - This is the recommendation of Mr. Nguyen Tung Anh (photo), Head of Credit Risk Research and Sustainable Financial Services (FiinRatings) in an interview with Customs Magazine reporters about green bond market development in Viet Nam.
Read More

Your care

Latest Most read
Forum discusses support for women-owned firms ​to join supply chains

Forum discusses support for women-owned firms ​to join supply chains

A forum on supporting women-owned businesses to join supply chains through sustainable development tools took place in Hanoi on April 17.
Ensure savings and prevent losses in disbursement of public investment

Ensure savings and prevent losses in disbursement of public investment

VCN - According to the Ministry of Finance's report, as of the end of March, the total unallocated investment is VND25,654.7 billion, accounting for 3.9% of the target assigned by the Prime Minister.
Implementing unprecedented fiscal policies to actively support people and businesses

Implementing unprecedented fiscal policies to actively support people and businesses

VCN - Implementing fiscal policies to support the economy, the Ministry of Finance has advised and offered many unprecedented solutions to reduce taxes, fees and charges, thereby supporting people and businesses to overcome difficulties, restore productio
Foreign investors net sell in Vietnamese market, banking sector attracts interest

Foreign investors net sell in Vietnamese market, banking sector attracts interest

According to BSC, foreign investors sold a net total of VNĐ11.55 trillion across all three exchanges in the first three months of 2024, equivalent to 50.62 per cent of the total net selling value in 2023. The selling pressure came from active funds and ETFs, resulting in a continued net withdrawal state and exerting pressure on the market.
Banks record positive business indicators in Q1 2024

Banks record positive business indicators in Q1 2024

According to experts, the prosperity of the banking industry in the period came from many supporting factors, including favourable policies to credit growth.
Mobile Version