Posts Tagged ‘ Budget Overspending ’

Vietnam gov’t asks house to lower growth target to 5 pct

May 21, 2009
Vietnam gov’t asks house to lower growth target to 5 pct

Vietnamese top leaders (L-R) Do Muoi, former Secretary General of the Central Communist Party, Nguyen Tan Dung, prime minister, Nguyen Minh Triet, president and Nong Duc Manh, General Secretary of the Central Communist Party The National Assembly (NA) should lower Vietnam’s economic growth target to around 5 percent from the targeted 6.5 percent as the [...]

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NA rejects personal income tax waiver in second half of 2009

May 21, 2009
NA rejects personal income tax waiver in second half of 2009

The National Assembly Committee for Finance and Budget on May 20 rejected the government’s scheme to waiver personal income tax in the second half of 2009 for government employees and traders who have average income.  Minister of Planning and Investment Vo Hong Phuc confirmed that exemption and reduction of PIT for average income earners in [...]

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Posted in In depth, Reports | Comments Off

One-month NA session and great policies

May 20, 2009
One-month NA session and great policies

The 5th National Assembly session opened at 9.15 am, May 20, at the Defence Ministry’s meeting-hall. Within one month, nearly 500 NA deputies will vote for important social, economic and educational policies. This zone is planned to become a lake to contain red mud of the Tan Rai bauxite mining project in Lam Dong Province (photo [...]

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Growth reduction, Gov’t has to restructure revenue-spending

March 31, 2009
Growth reduction, Gov’t has to restructure revenue-spending

The government’s plan to cut the GDP growth rate target for 2009 to 5% is being called a positive move. The government will have to restructure its revenue and spending. These are the opinions of economists and National Assembly deputies about this issue. Mr. Le Quoc DungVietNamNet Bridge – The government’s plan to cut the [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...