State budget revenue hit 781 trillion VND (34 billion USD) in the first half of 2021, equal to 58.2 percent of the estimate and up 16.3 percent year-on-year, according to the Ministry of Finance.
Hanoi (VNA) – State budget revenue hit 781 trillion VND (34 billionUSD) in the first half of 2021, equal to 58.2 percent of the estimate and up16.3 percent year-on-year, according to the Ministry of Finance.
As many as 60 of 63 localities nationwide ensured the domestic collection progress (reaching over 50 percent of the estimate). Of the total, 48localities achieved over 55 percent of the estimate.
The ministry said the state budget collection duringJanuary-June is positive, with revenue from production and business activitiessurpassing 52 percent of the estimate and increasing by over 17 percentyear-on-year.
However, if the COVID-19 pandemic is not put under controlsoon, it will have huge impact on economic activities and State budget collectionin the following months, the ministry stressed.
Meanwhile, State budget spending was estimated at 694.4trillion VND during January-June, equal to 41.2 percent of the estimate.
Disbursement in the period was equivalent to only 29.02percent of the plan assigned by the Prime Minister.
In the context of ‘fighting the pandemic like fighting theenemy’, both central and local budgets are giving priority to allocating capitalto pandemic prevention and control efforts and support for people hit hard by the pandemic.Accordingly, the state budget has spent 4.65 trillion VND on this fight in thefirst six months of this year, and 21.5 trillion VND since 2020./.
Ho Chi Minh City needs nearly 686 trillion VND (29.8 billion USD) for its mid-term investment plan for the 2021-25 period, according to the municipal People’s Council.
Vietnam has gained sufficient resources for purchasing 150 million doses of COVID-19 vaccine and conduct vaccination for the entire people, according to President of the Vietnam Fatherland Front (VFF) Central Committee Do Van Chien.
Minister of Health Nguyen Thanh Long has sent a letter to Russian Direct Investment Fund (RDIF) to introduce T&t Group as the negotiator for the purchase of 40 million doses of Sputnik V COVID-19 vaccine from Russia.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustrative image (Photo: VNA) 
