Vietnam battles to balance State budget
Vietnam Minister of Finance Dinh Tien Dung said in an interview on VTV on 10 January that one of the key tasks that his ministry will fulfil this year is to balance the state budget.
Dung said it was projected that in 2016 the crude oil price would keep falling. The price might drop to under US$35 per barrel. In addition, under Viet Nam’s international commitments, a cut of about VND10 trillion ($444 million) in the reduction of tariffs of trade would have serious effects in the 2016 Central State budget collection.
