Budget revenues

Various traffic infrastructure works in the city have begun, but have been delayed due to the low disbursement rate, mostly because of long delays in compensation payments for land, according to the HCM City Management Board for Traffic Works Construction and Investment. … [Read more...] about City to speed up disbursement of public funds, increase budget revenue

In 2017, the eight businesses reported revenue of VND1.19 trillion and payment of VND645 billion to the state budget. In 2018, the revenue was VND1.56 trillion, up by 31 percent over the year before. The figures were VND2.5 trillion and 60 percent in 2019, and they paid VND1.34 trillion to the state budget, an increase of 49 percent over 2018. … [Read more...] about Revenue soars, but casinos in VN still taking a loss

The pace of recovery in Indonesia is expected to be slow and household income will be squeezed. GDP is expected to contract 2.7 percent in 2020 before a 6.2 percent expansion in 2021. The Philippines is set to record the largest contraction in Southeast Asia, with its GDP falling 8.2 percent in 2020, because of its dependence on international tourism and a slow exit from lockdown. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 11

HCM City (VNS/VNA) - HCM City will continue to speed up the disbursement of public funds and seek to increase budget revenue for the remaining months of the year, the chairman of the municipal People’s Committee has said. Speaking at a meeting to review socio-economic development in the first eight months, Nguyen Thanh Phong said the city would speed up the disbursement of at least 80 percent of the planned investment next month in order to achieve the target of over 95 percent of the plan by the end of the year. As of August 23, as much as 21.3 trillion VND (911.5 million USD) had been disbursed, accounting for 50 percent of the set target, almost 2.5 times higher than the same period last year, according to him.  The HCM City Management Board for Traffic Works Construction and Investment and the HCM City Management Authority for Urban Railway (MAUR) have urged the city to speed up the disbursement rate to ensure the progress of … [Read more...] about HCM City to speed up disbursement of public funds

In response to suggestions to extend the effective date of the resolution to 2021, the committee projected a bright outlook for the economy since the COVID-19 outbreak has been fundamentally put under control in Vietnam while the worldwide pandemic situation is also abating. … [Read more...] about Vietnamese legislature ratifies 30% corporate income tax cut in 2020 for SMEs