Finance

The models applied by Hanoi are believed key takeaways for other localities in the new rural development.

The Ministry of Transport expects to draw out some VND7 trillion (US$286.6 million) to pay off defaulted loans from Korean and German financers in the construction of the Hanoi-Hai Phong Expressway.

State budget revenue has been on the rise despite the pandemic situation and helps provide sufficient funds to support the ongoing fight against the pandemic.

The seven major areas include finance, banking, and aviation industries.

The application of digital technologies would help promote transparency and fairness in state budget management.

Digital transformation progress in eight priority fields under the national digital transformation initiative would be discussed at the event.

To address the overheated local corporate bond market, the MoF has proposed revising existing laws to differentiate between public offering and private placement for corporate bonds in terms of target buyers.

The special finance – budget mechanism would be implemented in the next five years.

Under the decision, the Hanoi People’s Council is now authorized to levy new fees and charges in the city, and adjust the existing fees and charges.

The UN has taken Vietnam as an example in combating the virus in the first stage.