The 15th National Assembly adopted a resolution on the national financial plan and public debt borrowing and payment for the 2021-2025 period on July 28 during the ongoing first session in Hanoi.
Hanoi (VNA) – The 15th National Assemblyadopted a resolution on the national financial plan and public debt borrowing andpayment for the 2021-2025 period on July 28 during the ongoing first session in Hanoi.
The overall goal of the Resolution is effectively pooling,allocating, managing and using resources for socio-economic development whileensuring macro-economic stability, promoting economic growth, dealing withsocial welfare issues, consolidating national defence-security, actively integratinginto the global economy and strengthening decentralisation.
Specifically, the State budget collection will hit nearly 8.3quadrillion VND (361.7 billion USD). Revenue to the State budget will not belower than 16 percent of the country’s gross domestic product (GDP) while theState expenditure will reach about 10.26 quadrillion VND. Regular spending willbe reduced to about 60 percent of the total.
Overspending is expected to be below 3.7 percent of the GDP duringthe period. The total loans will stay at over 3 quadrillion VND, some 2.9quadrillion VND of which will be borrowed by the State budget.
💛 The NA Standing Committee suggested the Government revise and supplementlaws on tax policies, step up tax management, perfect guidelines on e-commerceand trade on digital platforms, transfer pricing, and pay attention to revenuefrom land, natural and mineral resources.
The committee also proposed the Government strive to increaserevenues of the State budget, cut down on regular spending and increase spending on development investment to 29 percent./.
The 15th National Assembly will mull over investment policies in the National Target Programme on Sustainable Poverty Reduction and the National Target Programme on New-Style Rural Development for the 2021-2025 period during its working session in Hanoi on July 27.
The national target programmes on sustainable poverty reduction and new-style countryside building and the socio-economic development plan for the next five years were among the focuses of the ongoing first session of the 15th National Assembly (NA) on July 27.
The 15th National Assembly passed a resolution on adjustments to the State budget expenditure estimate and approval of the 2019 State budget balance on July 28 as part of the first session in the 15th tenure.
Vietnam is deeply concerned about the escalating and complex conflict in the Middle East, which poses a serious threat to the lives and safety of civilians, as well as to regional and global peace and stability.
The Vietnamese Embassy advises the Vietnamese community living, studying, and working in Israel to strictly comply with directions from the Home Front Command and local authorities.
Lawmakers are set to vote on revisions and amendments to a broad spectrum of legal frameworks and impactful resolutions during the final week of the 15th NA's 9th session.
The State Committee for Overseas Vietnamese Affairs (SCOVA) has served as a bridge connecting and uniting the community with the homeland, becoming a trusted source of support for Vietnamese expats in times of hardship.
The programme to eliminate temporary and dilapidated houses has achieved notable results, with nearly 263,000 housing units addressed to date, including 225,000 houses inaugurated and 38,000 under construction. Thirty-eight provinces and cities across the nation have already fulfilled their targets.
Stronger efforts and determination are required to achieve and surpass the set targets, especially in the eradication of makeshift and dilapidated houses nationwide, the acceleration of public investment disbursement, and the implementation of nationally important transport projects, PM Pham Minh Chinh noted.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
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.
At the meeting (Photo: VNA) 
