Prime Minister Pham Minh Chinh speaks at the conference. (Photo: VNA)The State budget must be spent economically andeffectively, he told a national conference held online on January 6, stressing theneed to cut unnecessary expenses and ensure resources for important tasks, especially theCOVID-19 prevention and control.
The Government leader also asked the sector to pushahead with the disbursement of public investments to boost economic recoveryand growth.
He reviewed significant achievements Vietnam recorded lastyear with State budget collection topping 1.56 quadrillion VND,surpassing the estimate by 16.4 percent, and budget overspending below 4percent, even lower than the figure estimated by the National Assembly.
Total export-import value increased 22.6 percent tohit the record of 668.5 billion USD, making Vietnam one of the 20 countrieswith the biggest trade scale. The country’s trade surplus is estimated at 4billion USD.
The macro economy was kept stable in the year, inflation put under control, the consumer price index (CPI) up 1.84 percent, andmajor economic balances ensured.
Meanwhile, foreign direct investment (FDI)expanded by 9.2 percent, with capital addition up 40 percent, demonstratinginvestors’ confidence in the domestic business environment, as well as theirhope for Vietnam’s economic recovery.
The Finance Ministry reported that the total amount oftax and State budget revenue that was extended, exempted and reduced in 2020reached 174.2 trillion VND./.
VNA
