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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.
State budget revenues reached over VND1.12 quadrillion (US$48.16 billion) in the first ten months of 2018, equivalent to 84.9% of the year's estimate and up 15.1% against the same period last year, announced the Ministry of Finance on November 12.
Legislators will look into State budget and the mid-term public investment plan on October 29, during the sixth session of the 14th National Assembly.
The National Assembly passed a resolution approving the State budget balance in 2016 and another on the NA's supervision programme for 2019 during its sitting in the morning of June 12.
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.
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.
