Auditor General of the State Audit Office of Vietnam (SAV) Ngo Van Tuan on June 5 answered deputies’ questions regarding audit issues at the National Assembly (NA)'s 7th session.

The completion of financial-budget tasks requires strong, creative and flexible efforts as well as high determination not only from the financial sector but all sectors, localities and especially people and businesses, stated Minister of Finance Ho Duc Phoc.

The Government's drastic directions in financial and monetary management, and growth support in the first quarter of 2024 are a foundation helping Vietnam's economy overcome difficulties and achieve impressive growth amidst a variety of challenges of the world economy, according to economists.

Minister of Finance Ho Duc Phoc chaired an investment promotion conference themed “Vietnam – Investment Destination” in Tokyo on March 12, which drew representatives from leading Vietnamese and Japanese financial institutions, banks, life insurance corporations, investment funds, and securities companies.

The 15th National Assembly (NA) continued its fifth extraordinary meeting on January 16, during which the Government proposed to the National Assembly an additional allocation of more than 63.72 trillion VND (2.59 billion USD) for the mid-term public investment plan from the central budget for the 2021-2025 period.

The Ministry of Finance in 2023 implemented flexible and inclusive fiscal policies that are centered on businesses to support their resilience amid global headwinds.

Lawmakers discussed the reduction of value-added tax (VAT) during the 15th National Assembly (NA)’s ongoing sixth session in Hanoi on November 20.

Minister of Finance Ho Duc Phoc has recently submitted a comprehensive report to the National Assembly, detailing the oversea investment landscape of state-owned enterprises (SOEs) in 2022.

The Ministry of Finance (MoF) said tax support policies and land-use fee reductions for businesses should be continued throughout 2023 despite shortfalls in state budget collection.

Minister of Finance Ho Duc Phoc has said the finance-banking sector accomplished its set goals for 2022, with State budget collection surpassing the estimate by nearly 20% amid unfavourable changes in the country and the world.

The Ministry of Finance (MoF) is coordinating with ministries and agencies to assess the market situation to consider and submit to the Government amendments and supplements of a number of articles of the decree on offering and trading private placement corporate bonds in the domestic and foreign markets.

Vietnam is set to increase the base wage from July 2023.

Budget revenue was forecast to be 14.3% higher than the plan this year but the structure lacked stability as the increase was mainly from land-related revenue.

The Ministry of Finance is considering to put forward another proposal for further fuel duty cut, Minister Ho Duc Phoc told the 15th National Assembly during its third sitting in Hanoi on June 8 amid concerns over soaring fuel prices.

Minister of Finance Ho Duc Phoc had assigned Deputy Finance Minister Nguyen Duc Chi to directly take the charge of the State Securities Commission (SSC) from May 19.

Minister of Finance Ho Duc Phoc on November 12 answered National Assembly deputies’ questions related to fiscal policies, State budget collection, public debts and budget overspending.

The stimulus packages are expected to inject 1 quadrillion VND (44 billion USD) into the national economy with an interest-rate subsidy of 4 percent, contributing to creating jobs, raising productivity, increasing budget collection, and cutting budget overspending.