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.
Vietnam’s Ambassador to Brazil and Bolivia Bui Van Nghi has led an embassy delegation to attend official events marking the 200th anniversary of Bolivia’s Independence Day.
Party General Secretary To Lam met with members of the Vietnam Innovation Network in Korea (VINK) and Vietnamese experts living and working in the Republic of Korea (RoK) in Seoul on August 10 as part of his state visit to the RoK.
In an interview with Korean media on the occasion of Party General Secretary To Lam’s state visit to the RoK, Deputy Prime Minister and Foreign Minister Bui Thanh Son affirmed that the visit demonstrates Vietnam’s strong resolve to further deepen the Comprehensive Strategic Partnership with the RoK, with the aim of fostering greater political trust, closer strategic coordination, more substantive and comprehensive cooperation, and stronger bonds of friendship between the two countries' people.
Prime Minister Pham Minh Chinh, who is also a Politburo member and Secretary of the Government Party Committee, attended the 4th Party Congress of the EVN Party Organisation for the 2025–2030 tenure on August 10, directing EVN to ensure power supply to meet the country’s development demands with double-digit growth set for the coming years.
Party General Secretary To Lam and his spouse Ngo Phuong Ly, along with a high-ranking delegation of Vietnam arrived in Seongnam Air Base in Seoul on August 10 afternoon (local time), beginning a state visit to the Republic of Korea from August 10-13.
General Secretary of the Communist Party of Vietnam Central Committee To Lam and his spouse Ngo Phuong Ly departed from Hanoi on August 10 morning for a four-day state visit to the Republic of Korea (RoK), which is made at an invitation of RoK President Lee Jae Myung.
As part of the ASEAN Day celebrations, the Vietnamese embassy will also host the ASEAN Family Day 2025 in Ottawa to foster solidarity and community spirit among ASEAN members in Canada.
State President Luong Cuong’s trip once again reaffirmed the Party and State’s foreign policy of independence, self-reliance, diversification and multilateralisation of relations. It also reflected the strong trend of enhanced cooperation among countries of the Global South in shaping a new, more multipolar, fair and equitable world order.
The outcomes of Party General Secretary To Lam's visit will serve as a driving force and source of inspiration for the two countries to inherit, promote, and elevate their Comprehensive Strategic Partnership, contributing to the national construction and development cause in each country, and to peace, cooperation, and development in the region and the world.
Prime Minister Pham Minh Chinh on August 9 inspected the construction site of the new Phong Chau bridge, and surveyed a planned route for the Lao Cai – Hanoi – Hai Phong railway section running through the northern province of Phu Tho.
Across print, broadcast, and online platforms, Angolan media portrayed State President Luong Cuong's visit as a warm and historic occasion, strengthening bilateral ties and boosting Vietnam’s presence in Africa through the AU.
The 500kV Lao Cai – Vinh Yen power transmission line has a total investment of over 7.41 trillion VND (282.5 million USD), and a total length of 229.5 km, passing through 31 communes in the two provinces, and comprising 468 transmission tower foundations.
The visits reflected the elevated position of Vietnam’s foreign policy in the new era—aimed at not only advancing ties with key regional partners like Egypt and Angola but also delivering a strategic message about Vietnam’s commitment to deepening relations with African nations as a whole.
At their talks and meetings, President Cuong and Angola’s top leaders affirmed that the close brotherhood and traditional friendship are a valuable shared asset and a solid foundation for the two nations to advance into a new phase of development.
The ruling People’s Movement for the Liberation of Angola (MPLA) attaches great importance to the friendship, solidarity, and comradeship with the Communist Party of Vietnam, and voiced her Party’s wish to further deepen and expand relations between the two sides for the benefit of the Vietnamese and Angolan people.
Vietnam pledges to do its utmost to build an ASEAN of solidarity, consensus, and unity in diversity, and to foster a fast and sustainable development path for ASEAN, grounded in science, technology, and innovation, said Prime Minister Pham Minh Chinh.
Party General Secretary To Lam called on the criminal police force to accelerate the application of science, technology, artificial intelligence, and digital transformation in criminal investigation tasks such as crime prevention, detection, tracking and verification, ensuring that no area remains out of their reach.
Many Koreans living, studying, and working in Hanoi see the upcoming state visit to the Republic of Korea (RoK) by Party General Secretary To Lam as an opportunity to generate strong synergy in economic cooperation, people-to-people exchanges, and cultural understanding.
The achievements of the five decades of Vietnam–Angola cooperation provide a strong and enduring foundation, as well as momentum for the two sides to consolidate, expand, and bring their partnership into a new phase of development.
Prime Minister Pham Minh Chinh stressed that the emulation and commendation work is a vital driver, fostering patriotism, dedication, and collective momentum in the run-up to the 11th National Patriotic Emulation Congress, Party congresses at all levels, and the 14th National Party Congress.
Finance Minister Dinh Tien Dung (Source: VNA) 
