The 14th National Assembly (NA) deputies approved on July 29 a resolution on the State budget balance for 2014 with 82.59 percent of them having “yes” vote.
Deputies press buttons to vote on the resolution on the State budget balance (Photo: VNA)
Hanoi (VNA) – The 14th National Assembly (NA) deputies approved on 🅰July 29 a resolution on the State budget balance for 2014 with 82.59 percent of them having “yes” vote.
Accordingly, the new parliament approved 26.17 trillion VND added to the State budget expenditure estimate for 2014 due to a hike in the ODA use.
In 2014, the State budget revenue totalled 1.13 quadrillion VND, the spending was nearly 1.34 quadrillion VND, leading to an overspending of 249.36 trillion VND that represents 6.33 percent of the GDP.
Over 196.69 trillion VND sourced from domestic loans and another 52.67 trillion VND from foreign loans will make up for the overspending in 2014.
At the plenary session, part of the 14th NA’s first session, Chairman of the NA’s Committee for Financial and Budgetary Affairs Nguyen Duc Hai explained about budget-related issues raised by some deputies on July 28.
He echoed the lawmakers’ view that some localities have not done a good job of estimating budget revenue while budget expenditure plans have not been made in accordance with local reality, resulting in imbalanced spending.
The NA Standing Committee will ask the Government to direct ministries and localities make budget estimates in line with their realisation capacity and improve the quality of planning budget spending, he said.
Hai also agreed with the deputies on the prevalence of violations in spending on major construction investment projects, leading to the sluggish progress and wastefulness of many projects.
He added that the NA Standing Committee will also request the Government to redouble management over the State budget use and thoroughly address existing flaws.-VNA
Lawmakers voted to approve the appointment of Deputy Prime Ministers and other Cabinet members in their plenary session on July 28 during the 14th National Assembly’s first session.
Legislators heard a report on the audit of the 2014 State budget during the seventh working day of their first National Assembly session in Hanoi on July 28.
The new Government wants to maintain a peaceful environment and create optimal conditions for national development, said Pham Binh Minh, who has been re-elected Deputy PM and Foreign Minister.
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.
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.
Deputies press buttons to vote on the resolution on the State budget balance (Photo: VNA)
