NA Standing Committee comments on Government’s thrift practice, wastefulness control
Members of the National Assembly (NA)'s Standing Committee offered their opinions on a Government report on the implementation of thrift practice and wastefulness prevention in 2021.
The meeting of the NA Standing Committee on April 25 (Photo: VNA)
Hanoi (VNA) – Members of the National Assembly (NA)'s Standing Committee offered their opinions on a Government report on the implementation of thrift practice and wastefulness prevention in 2021.
Delivering the report on April 25, Minister of Finance Ho Duc Phoc said that last year, the Prime Minister and ministries, sectors and localities had applied comprehensive measures to facilitate resources for socio-economic development.
Despite difficulties, Vietnam recorded economic growth of 2.58 percent, while completing seven out of its 12 socio-economic targets, with State budget collection reaching 16.4 percent of the target, he said.
Particularly, the PM and the Government directed ministries, sectors and localities to take drastic efforts to cut at least 50 percent of spending on the organisation of conferences and working trips, along with a 10 percent cut to other expenditures. The Government proposed the use of over 14.6 trillion VND (635.2 million USD) saved thanks to these cuts in 2021 for COVID-19 prevention and control.
In 2021, the total saved by the State budget reached over 72 trillion VND, according to the report.
Regarding the management of public debts, last year, public debts accounted for 43.3 percent of GDP, while Government debts made up 39 percent of GDP and the country’s foreign debts about 21.7 percent of GDP.
The official said positive results were seen in the implementation of thrift practice and waste prevention as well as resolutions in the field.
He said that this year, the Government will prioritise resources for COVID-19 prevention and control in harmony with socio-economic development, while tightening financial-budget discipline to maximise income and minimise spending.
Delivering a verification report, Vice Chairwoman of the NA Finance-Budget Committee Pham Thuy Chinh pointed to a number of shortcomings in the Government’s performance in thrift practice and wastefulness prevention, including the slow issuance of an overall programme in the field.
NA Chairman Vuong Dinh Hue asked the Government to clarify its detailed limitations and shortcomings for discussion, especially those in public investment and national target programmes.
NA Vice Chairman Nguyen Duc Hai underlined the need to specify measures to promote thrift practice and wastefulness prevention and control, focusing on adjustments to related laws and regulations.
The NA Standing Committee asked the Government to listen to these ideas as it completes its report./.
State budget collection was estimated to exceed 276.66 trillion VND (12.11 billion USD) in the first two months, up 7.7 percent from the same period last year, according to the General Department of Taxation.
The State budget revenue from export and import reached 107.3 trillion VND (nearly 4.7 billion USD) in the first quarter of 2022, up 22.44 percent year on year.
Deputy Prime Minister Le Minh Khai has signed a decision approving the public debt strategy until 2030, which sets a target of keeping it at under 60 percent of the GDP and Government debts not exceeding 50 percent of the GDP in 2030.
Deputy Prime Minister Le Minh Khai has approved the sovereign credit rating improvement project by 2030, part of an effort to make Vietnam a developing and upper-middle-income country with modern industry, heightening the country’s international reputation and reducing credit risks.
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.
Emphasising the need for sustainable, long-term collaboration, National Assembly Chairman Tran Thanh Man called on Japanese investors not only to bring in capital but also to share expertise and modern technology, especially in areas such as green transformation, the circular economy, and advanced corporate governance.
President Luong Cuong's activities during his state visit to Angola, the celebration of the financial sector's 80th traditional day, and the Foreign Ministry's flag-hoisting ceremony marking the 58th founding anniversary of ASEAN are among news highlights on August 8.
Vietnamese Ambassador to Thailand Pham Viet Hung praised the Thai Ministry of Foreign Affairs’ meaningful initiative, noting that the ASEAN Family Run was not only a sporting activity but also an opportunity for diplomats and their families to show unity, connection, and solidarity within the ASEAN family.
Politburo member, Prime Minister Pham Minh Chinh on August 8 attended the first congress of the Party Organisation of Tay Ho ward of Hanoi for the 2025–2030 term, during which he called for fresh momentum to turn the ward into a model that takes the lead in all fields.
The size of the economy increased from over 5 billion USD in 1986 to over 476 billion USD by 2024, making Vietnam the fourth-largest economy in Southeast Asia and the 34th largest in the world.
The ASEAN flag-hoisting ceremony is observed by the 10 ASEAN member countries on August 8 every year, aiming to spread and promote the ASEAN identity and affirm the determination to unite and cooperate for the common aspiration of long-term peace and prosperity of Southeast Asian countries under the common roof of the ASEAN Community.
Vice Chairman of the municipal People’s Committee Nguyen Manh Cuong highlighted ASEAN’s nearly six decades of development, during which the region transformed from division to harmony, from confrontation to cooperation, and from poverty to dynamic growth, becoming a global bright spot for regional cooperation.
Thirty years ago, on July 28, 1995, Vietnam’s accession to ASEAN marked a historic strategic decision, opening a new chapter in the country’s integration process and beginning its strong rise.
Ambassador Vu Le Thai Hoang has outlined specific priorities and proposals for cooperation with the UNODA in preparation for the upcoming 11th Review Conference of the Non-Proliferation of Nuclear Weapons (NPT).
The Vietnamese Party leader's visit is therefore expected to mark a new stage in the development of the Comprehensive Strategic Partnership between the two countries, with a focus on such areas as digital transformation, supply chains, semiconductors, clean energy, and maritime security, Choe assessed.
At their meeting, which took place in the Angolan capital of Luanda on August 7 as part of State President Luong Cuong’s ongoing state visit to the African nation, the two officials also agreed to make full use of existing cooperation mechanisms, particularly the Vietnam – Angola Intergovernmental Committee, and step up exchanges of delegations at all levels.
President Luong Cuong's talks with his Angolan counterrpart João Manuel Gonçalves Lourenço, Vietnamese leader's receptions for a delegation from the Japan – Vietnam Parliamentary Friendship Alliance, and the Government's regular meeting for July are among news highlights on August 7 evening.
Over the past five decades, the Vietnam - Angola relationship has grown steadily, marked by political trust and close bonds between their Parties, States, Governments, and peoples, said Deputy Prime Minister and Foreign Minister Bui Thanh Son.
President Luong Cuong called on the two countries to join hands to promote South – South cooperation, contribute to building a fair and equal global political and economic order, safeguard independence and sovereignty, and promote extensive and substantive international solidarity and cooperation.
President Luong Cuong called on the community to remain united, integrate well into local society, adhere to local laws, and continue contributing to both Angola’s development and Vietnam – Angola relations.
Vietnamese President Luong Cuong and Speaker of the National Assembly (NA) of Angola Carolina Cerqueira agreed to continue strengthening political trust, boost high-level delegation exchanges via all channels, including the parliamentary one, and create favourable legal conditions for bilateral cooperation.
The meeting of the NA Standing Committee on April 25 (Photo: VNA) 
