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The National Assembly discussed the Government's supplementary report on socio-economic and State budget performance in 2018 and first months of 2019, and the balance of the State budget in 2017 on May 30-31.
As of mid November, total amount of State collection was estimated at VND1.16 quadrillion (US$ 49.88 billion), equivalent to 87.9% of the year's estimate.
The foreign direct investment (FDI) sector contribute a modest amount to the State budget although they enjoy many incentives and get high profits.
The Government opened a teleconference on December 28th, the biggest annual meeting with provinces and cities, to discuss measures to implement the Party and National Assembly's socio-economic resolutions and State budget estimates for 2018.
Members of the 12th Party Central Committee discussed the socio-economic situation, State budget of 2017 and tasks for 2018 during the second working day of their 6th meeting on October 5.
From 2007 to 2016, the central budget allocated VND113.306 trillion as assistance for revolutionary contributors. In addition, local budgets earmarked some VND2 trillion each year to support revolutionary contributors, the Ministry of Labour, War-Invalids and Social Affairs (MOLISA) has reported.
The northern province of Ninh Binh collected VND2.2 trillion (USD317 million) for the State budget in the first five months of2017, reported the provincial Department of Finance.
The northern province of Ninh Binh collected VND 7.2 trillion(317 million USD) for the State budget in 2016, reported the provincial Department of Finance.
