The National Assembly passed the Resolution on State budget balance for 2017 with 91.53 percent of approval at the ongoing seventh session of the 14th legislature in Hanoi on June 11.
Deputies vote to pass the Resolution on 2017 State budget balance (Photo VNA)
Hanoi (VNA) – The National Assemblypassed the Resolution on 2017 State budget balance with an approval rate of 91.53 percent of votes at the ongoing seventh session of the 14th legislature in Hanoi onJune 11.
According to the resolution, the total Statebudget collection surpassed 1.683 quadrillion VND (72.1 billion USD), while thetotal State budget spending was estimated at more than 1.681 quadrillion VND.
The State budget overspending was over 136.9 trillionVND (5.87 billion USD), or 2.74 percent of the gross domestic product (GDP).
Chairman of the NA’s Committee on Finance andBudget Nguyen Duc Hai reported that in the 2017 fiscal year, the Governmentdirected ministries, departments and localities to take measures to tightenfinancial and budget discipline and handle violations.
However, wrong-purpose spending still existswhile the implementation of budget spending tasks by some ministries,centrally-run agencies and localities remains slow, he noted.
The NA assigned the Government to direct ministries,centrally-run agencies and localities to address shortcomings in theallocation, use and management of public investment projects, and handle basicconstruction debts ahead of December 31, 2014.
Promoting thrifty practices and preventingwastefulness and corruption as well as strictly handling violating individualsand organisations in the management and use of the State budget are a must,according to the resolution.-VNA
Voters have applauded the outcomes of the government’s implementation of the five-year financial plan and shown confidence in the sense of responsibility of legislators in discussions.
Voters in different localities voiced their wish that the National Assembly, Government and localities will give the priority to development investment, focusing public investment on key areas, after watching a live-broadcast discussion as part of the 6th session of the 14th legislature on October 29.
Lawmakers passed a draft resolution on the socio-economic development plan for 2019 with a 92.16 percent approval rate during the ongoing sixth session of the 14th National Assembly (NA) in Hanoi on November 8.
Deputy Prime Minister Vuong Dinh Hue announced a draft resolution of the Government on key tasks and solutions to achieve socio-economic development goals and State budget estimate for 2019 during a conference on December 28.
The National Assembly adopted a resolution on the legislature’s supervision programme in 2020 in the morning of June 10, as part of the 14th NA’s 7th session.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
Deputies vote to pass the Resolution on 2017 State budget balance (Photo VNA) 
