Over VND8 trillion spent on Covid-19 prevention and control

By Thuy Linh/Ngoc Loan

12:00 | 04/06/2021 Finance Follow english.haiquanonline.com.vn on

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
	Besides Covid-19 vaccine, there is a need for “vaccine” on institution for enterprises
	Ha Tinh Customs prevents drug crimes amid Covid-19 pandemic

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

Tags:

Related News

The local Finance sector is flexible and strict in managing budget revenues and expenditures

10:05 | 17/07/2024 Finance

VCN - Although the forecast for the last 6 months of the year will still have many difficulties and challenges, the Finance sector in all localities expressed their determination to strive to achieve and exceed estimates, while strengthening the prevention of revenue loss and handling tax debt recovery, etc.

Hai Phong Customs increases by nearly VND1,300 billion in revenue

09:43 | 11/07/2024 Customs

VCN - Positive growth in budget revenue is one of the important and outstanding results of Hai Phong Customs Department in the first six months of 2024.

Three reasons for reducing state budget revenue of Ho Chi Minh City Customs

10:21 | 05/07/2024 Customs

VCN - Import-export turnover in Ho Chi Minh City tends to increase, but state budget revenue from import-export activities decreases. Ho Chi Minh City Customs Department pointed out 3 reasons why the revenue decreased.

Inventory of public assets aims to accurately reflect the true nature of state budget resources

08:51 | 01/06/2024 Regulations

VCN - Implementing Decision No. 213/QD-TTg of the Prime Minister on the Project for a total inventory of public assets (TSC), currently the lead unit, the Ministry of Finance, is implementing work to carry out a total inventory of TSC at agencies, organizations, units and infrastructure assets invested and managed by the State in ministries, branches and localities across the country.

Latest News

Perfecting the legal framework to promote upgrading the stock market

08:18 | 26/07/2024 Finance

VCN - After receiving comments from affected subjects including organizations, individuals, and market members, the State Securities Commission has just completed a draft circular amending 4 circulars regulating: stock trading on the stock exchange system; clearing and settlement of stock exchanges; operations of securities companies and information disclosure on the stock market.

Margin loan continues hit new record

09:20 | 25/07/2024 Finance

VCN - The need to use leverage in the stock market is still very high, shown by the level of outstanding loans at securities companies continuing to increase sharply in the second quarter of 2024.

Vietnam needs comprehensive regulatory framework to attract green financing

14:11 | 24/07/2024 Finance

Vietnam needs a clear regulatory framework and solutions to promote the green finance market and encourage private capital flows into green fields, experts have said.

2025 budget estimation must be practical, accurate and efficient

14:38 | 23/07/2024 Finance

VCN - Directing the 2025 state budget estimation, Minister of Finance Ho Duc Phoc emphasized that units must ensure that the 2025 budget estimation must be practical, accurate, efficient, and meet the requirements for performing professional and political tasks assigned to central and local agencies.

More News

The corporate bond market will be more vibrant in the second half of the year

08:20 | 23/07/2024 Finance

VCN - In the first half of 2024, with bond maturity pressure continuing to increase, corporate bond issuance has shown many positive signs compared to the previous year. According to forecasts, businesses' need to borrow and issue corporate bonds will accelerate in the second half of 2024.

Prioritize resources and promptly supplement capital for policy credit

10:06 | 22/07/2024 Finance

VCN- In the near future, to further promote the effectiveness of policy credit, the Ministry of Finance will continue to preside over and coordinate with relevant ministries, branches and the Vietnam Bank for Social Policies (VBSP) to implement many key solutions.

Measures suggested to boost startups’ access to capital

19:38 | 21/07/2024 Finance

The recent vigorous growth of startups in Vietnam has attracted domestic and foreign investors, but insiders recommended more efforts be made to facilitate startups’ access to funding from investors so that they can live up to potential.

Inflationary pressure seen from monetary policy

09:47 | 21/07/2024 Finance

VCN - The economy went through the first half of the year, inflation is still under control and forecast to reach the target set by the National Assembly and the Government. However, variables from the currency market such as exchange rates, interest rates, credit..., even gold prices, are issues that need to be paid attention.

Banks with the problem of promoting credit growth

18:49 | 20/07/2024 Finance

VCN - It is estimated that by the end of June 2024, the economy's credit growth will reach nearly 4.5%. This number is still far from the yearly credit growth target of 14-15%.

Proposal to increase Special Consumption Tax on tobacco products

09:50 | 20/07/2024 Finance

VCN - At the workshop Special Consumption Tax on cigarettes held by Vietnam Tax Consulting Association and the Institute of Financial Strategy and Policy on July 16, experts and businesses clarified the goals and content of amended the special consumption tax policy on tobacco products. According to experts, there cannot be a solution that fully ensures the benefits of both consumers, the state and businesses, but it is necessary to choose the most optimal option to achieve the initially set goals.

Savings of individual customers at banks hit record high

14:30 | 19/07/2024 Finance

In spite of low interest rates, figures from the State Bank of Vietnam (SBV) released this week show deposits of individual customers increased by more than VNĐ39.7 trillion in April, to reach more than VNĐ6.7 quadrillion.

Managing fiscal policy has achieved many positive and comprehensive results

14:12 | 19/07/2024 Finance

VCN - On July 15, the Ministry of Finance held an online conference to summarize state budget financial work in the first 6 months of the year, implementing tasks in the last 6 months of 2024. Minister of Finance Ho Duc Phoc attended and directed the conference. Also attending the Conference were Deputy Ministers of Finance, leaders of units under the Ministry of Finance.

Determine tools, policy for inflation control

14:11 | 19/07/2024 Finance

VCN - According to economic expert Associate Professor, PhD. Ngo Tri Long (photo), former Director of the Price Market Research Institute (Ministry of Finance), inflation is an issue that needs special attention, especially related to the management of monetary policy, interest rates, increasing prices of goods and services...

Your care

Latest Most read