The National Assembly heard reports on State budget balance and audit in 2015 by government members during a working session in Hanoi on May 22, under the chair of NA Vice Chairman Phung Quoc Hien.
Hanoi (VNA) – The NationalAssembly (NA) heard reports on State budget balance and audit in 2015 by governmentmembers during a working session in Hanoi on May 22, under the chair of NA ViceChairman Phung Quoc Hien.
Delivering the report on Statebudget balance in 2015, Finance Minister Dinh Tien Dung said the total Statebudget collection in 2015 hit over 1,291 trillion VND while spending was 1,502trillion VND due to increasing demand for infrastructure and social welfares.
The report pointed out that theeffective implementation of synchronous measures to recover economic growth aswell as the efforts of the whole political system greatly contributed to the2015 budget collection-spending. Spending on development investment roserationally, with priority given to agriculture and rural areas, mountainouslocalities, the Central Highlands, poverty reduction, and social security.
However, there remained shortcomings in the management of State budget in someunits and localities, it said.
Nguyen Duc Hai, head of the NA’sFinance-Budget Committee, said the government debts reached half of the grossdomestic product (GDP) while public debts accounted for 61.8 percent of GDP, admittingshortcomings in public debt management.
Meanwhile, the report on thedraft Law on amendments and supplements to several articles of the Law onCredit Organisations said after four years of implementing the project onrestructuring credit organisations for the 2011-2015 period, besides certainresults, there were still many shortcomings which were attributed to limitedmechanisms and policies.
The NA’s Economic Committee stressedthe need to make the law to build a system of financially healthy credit organisationswhich operate under international rules.
It asked compiling agencies to continue reviewing regulations in the draft lawto ensure that they are synchronous with the Constitution and relevant laws.
Governor of the State Bank ofVietnam Le Minh Hung presented a report on the draft resolution on dealing withbad debts by credit organisations, under which, he called for refining the legalframework to protect the rights of credit organisations as legal lenders.
The draft resolution comprises 18articles regarding the rights of lenders and the development of debt markets,settlement of guaranteed assets, among others.
As scheduled, lawmakers willdiscuss in groups the draft programme on law and ordinance building and thesupervisory programme of the NA in 2018.-VNA
The 14th National Assembly (NA) deputies approved on July 29 a resolution on the State budget balance for 2014 with 82.59 percent of them having “yes” vote.
The Cambodian government on October 21 passed drafts on finance for 2017 at a plenary session held at the Peace Palace in Phnom Penh under the chair of Prime Minister Samdech Hun Sen.
The draft Resolution of the Government on tasks and measures to implement socio-economic development plan in 2017 will focus on stronger economic restructuring and sustainable growth, said Deputy Prime Minister Vuong Dinh Hue.
Vietnam is targeting keeping public debt, comprising central government debt, government-backed loans, and local government debt, below 65 percent of GDP between 2016 and 2018.
The National Assembly (NA) Standing Committee will finalise preparations for the 14th-tenure parliament’s upcoming third session during its 10th meeting from May 15-17.
Ha expressed his hope that cooperation in science and technology, agriculture, and natural resources would emerge as new focal points and engines of growth in Vietnam–China relations.
Giang said he believes that building on the solid foundation nurtured over the past half-century and the strong determination of both nations, the Comprehensive Strategic Partnership will continue to grow in a more robust, comprehensive, and extensive manner, thus bringing more practical benefits to the two nations' people.
Highlighting the transformative potential of the draft law in revitalising Vietnam’s railway industry, Hoang Van Cuong, a deputy of Hanoi, expressed his support for Article 39, which empowers the Prime Minister to issue a list of railway-related goods and services to be assigned or ordered from domestic enterprises for production.
According to the Ministry of Public Security, Hoan, formerly Deputy Minister of Labour, Invalids and Social Affairs, is under investigation for allegedly taking bribes in connection with a case involving the Hoang Long Construction and Manpower Supply JSC and related units.
Chairing a national conference on the organisation of the examination on June 18, the PM highlighted the historical significance of the examination, as the restructuring of provincial-level administrative units is underway and the two-tier local administration model is set to officially begin operations on July 1.
Right on the same day, the ministry issued its highest-level travel warning, urging Vietnamese citizens not to travel to Israel or Iran, and advised those already in these countries to swiftly consider evacuation or relocation plans.
From the struggles against colonialists and imperialists to the period of Doi moi (renewal) and international integration, the Vietnamese revolutionary press has always played a pioneering role on the ideological and cultural front, he said.
The Party leader's working session with the standing boards of the Party Committees of HCM City, Ba Ria – Vung Tau and Binh Duong, the VNA General Director's remarks on the occasion of the 19th OANA General Assembly, the launch of new NIC - Google initiatives aimed at bolstering AI entrepreneurship and digital literacy in Vietnam are among news highlights June 18.
Vietnam and Indonesia reaffirmed their commitment to strengthening cooperation in combating terrorism as it remains a threat to peace, security, and stability across their respective nations, the broader region, and the international community.
The Vietnamese representative also emphasised the shared responsibility of relevant parties to build trust, enhance cooperation, and jointly manage the risks of conflict, thus safeguarding long-term peace and stability in the East Sea.
The National Assembly on June 18 passed the law amending and supplementing a number of articles of the Law on Product and Goods Quality, with 408 out of 420 participating deputies voting in favour, accounting for 85.36% of the total.
The Party leader asked the new HCM City to embrace a multi-centre and integrated urban ecosystem where each development pole functions as a link complementary to and intelligently connected with each other in a harmonious whole.
The resolutions issued by the PM as well as ministries and ministry-level agencies reassign responsibility for 346 administrative procedures - 18 from district to provincial levels, 278 to commune level, and 50 eliminated.
Legislators are due to pass several amended laws, including the Law amending and supplementing several articles of the Law on Economical and Efficient Use of Energy, and the Law amending and supplementing several articles of the Law on Product and Goods Quality.
Vietnamese localities' readiness to implement the two-tier local administration model, the evacuation of 18 Vietnamese citizens from Iran, Petrovietnam's 11th ranking in the 2025 Fortune Southeast Asia 500 are among news highlights on June 17 evening.
The General Secretary underlined the resolve to achieve a growth rate of at least 8% in 2025, laying the groundwork for double-digit growth in the following period. He noted that these are mandatory targets, with no alternative path to success.
Restructuring and improving the quality of officials, civil servants, and public employees is no longer a choice, but an urgent requirement to transition from administrative management to governance in service of the people.
The Vietnamese Embassy in Israel has advised Vietnamese people living there to proactively prepare and seek ways to leave the country via land border crossings, especially toward Jordan or Egypt, when security and safety conditions allow.
Finance Minister Dinh Tien Dung (Source: VNA) 
