Public investment spending up 1.8% in first 10 months of 2024

Public investment spending up 1.8% in first 10 months of 2024

Public investment from Vietnam’s state budget saw steady growth in the first ten months of 2024, reaching 64.3% of the annual target—an increase of 1.8% compared to the same period last year.
Removing legal hurdles in regular spending for capital assets

Removing legal hurdles in regular spending for capital assets

Mr. Bui Anh Binh, Deputy Director of the Department of Public Administration (Ministry of Finance) emphasized that the issuance of Decree No. 138/2024/ND-CP has created an important legal corridor
Removing many bottlenecks in regular spending to purchase assets and equipment

Removing many bottlenecks in regular spending to purchase assets and equipment

Decree No. 138/2024/ND-CP, which has just been issued, is expected to contribute to resolving bottlenecks in allocating funds for purchasing assets and equipment
Accelerate implementation of solutions to disburse public investment capital

Accelerate implementation of solutions to disburse public investment capital

VCN - Facing the impact of storm No. 3 on economic growth, many experts continue to believe that public investment will play a key role in economic recovery and growth for the entire year of 2024. However, there is only one quarter left until the end of 2
Amending 3 important policies in the Law on State Budget

Amending 3 important policies in the Law on State Budget

The Ministry of Finance proposed regulations allowing local budgets to invest in the construction of central infrastructure works in the locality
Removing public investment bottlenecks

Removing public investment bottlenecks

Public investment is one of the three pillars promoting economic growth, along with consumption and export.
Resolutely recover advanced capital, increase efficiency of public investment

Resolutely recover advanced capital, increase efficiency of public investment

VCN - As of January 31, 2024, the amount of overdue advances from the state budget of ministries, central and local agencies is still relatively large, about 7,454 billion VND (of which, ministries and central agencies are about 1,279 billion VND, localit
Ensure expenditure control and quick processing of public investment payment documents

Ensure expenditure control and quick processing of public investment payment documents

VCN - In the first half of 2024, the State Treasury system has allocated VND 484,035 billion of recurrent expenditure, meeting 38.1% of the 2024 recurrent expenditure estimate of the State budget through the State Treasury. Compared to the same period in
Proposal for using over VND18,200 billion of public investment provision for 14 projects

Proposal for using over VND18,200 billion of public investment provision for 14 projects

The Government submitted to the National Assembly for permission to use VND 18,220 billion in provisions from the central budget of the Medium-term Public Investment Plan 2021-2025 for 14 projects.
There should be no loss or waste in arranging public investment from reserve sources

There should be no loss or waste in arranging public investment from reserve sources

VCN - The Government has submitted to the National Assembly permission to use VND 18,220 billion in general reserves from the central budget source of the Medium-term Public Investment Plan for the period 2021-2025, corresponding to the increase in centra
Inventory of public assets aims to accurately reflect the true nature of state budget resources

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

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, organiz
Completely resolve problems and accelerate public investment disbursement

Completely resolve problems and accelerate public investment disbursement

In the first 4 months of 2024, the disbursement of public investment capital reached 17.46% of the plan assigned by the Prime Minister, higher than 15.65% in the same period last year.
Fiscal policy is expanded and flexible to promote economic growth 2024

Fiscal policy is expanded and flexible to promote economic growth 2024

Recently, Ministry of Finance has proactively researched and submitted to competent authorities as well as issued financial support policies for the economy, with a total of about VND700 trillion.
Six localities should expedite site clearance and public investment

Six localities should expedite site clearance and public investment

VCN – Six provinces of Binh Thuan, Gia Lai, Dong Nai, Binh Duong, Binh Phuoc and Tay Ninh have disbursement rates lower than the average rate of the country in the first three months of the year, the Ministry of Finance reports.
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.
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