Budget

The National Assembly on Thursday agreed to spend nearly VNĐ45 trillion (US$1.9 billion) building more than 188 kilometres of highway in the Mekong Delta. On the last day of their third sitting in Hà Nội, legislators passed a resolution to carry out Phase I of the ...

Revenue earned from potential mining operations, revamped state enterprises and from other as yet untapped sources will be used to pay debts amounting to almost US$14 billion, the government has told the National Assembly (NA). Foreign debt has accumulated to about US$13 billion and domestic debt ...

The Vietnamese province of Kien Giang intends to invest VND 43 trillion ($1.85 billion) in boosting seafood production in the Mekong Delta region, reports Vietnam Plus, citing the provincial department of agriculture and rural development. It wants to transform inefficient rice fields to the model of rice-shrimp production. Kien ...

The Finance Ministry is finalising details of the 3,000-baht cash handout scheme, with initial daily spending disbursed through an e-wallet application and a cap of 100 baht. Details are expected to be finalised by the Fiscal Policy Office before submission to the Center for Economic Situation ...

A new subsidy campaign has been launched by the government, allowing registered persons to receive a subsidy granting half the price of any of their purchases at participating stores with a cap of 3,000 baht per person throughout the campaign. Registration is set to open ...

The cabinet on Tuesday approved a budget of one billion baht to support the development and manufacture of Covid-19 vaccines. The money will be used by the National Vaccine Institute and other related agencies to domestically produce vaccines that can tackle the virus as well as ...

An elevated fiscal deficit will result in growing public debt, which will ramp up pressure on Laos’ debt servicing capacity amid the COVID-19 crisis, the Vientiane Times reported on August 21. The Lao Government has estimated that the budget deficit will rise from 6.69 trillion kip (700 million USD) , ...

The public debt of Laos may increase to as much as 65 to 68 per cent of GDP in 2020 following a sharp fall in national revenue collection alongside an increase in loans due to the Covid-19 (coronavirus) pandemic, according to a government official. Revenue collection ...

Ca Mau Province has presented a master plan to fight climate change impacts in the next decade that will cost an estimated VND19 trillion ($820 million). Vietnam’s southernmost province has come up with the plan for execution in 2020-30 that seeks to prevent natural disasters brought ...

A concessional loan worth 1.45 billion baht to help Myanmar improve its electricity system has been approved by the government, according to an official. Rachada Dhnadirek, deputy government spokeswoman, on Tuesday said the loan is part of an initiative to strengthen ties with neighbouring countries. The Neighbouring ...