As the COVID-19 pandemic is predicted to linger and affect the State budget revenue as well as spending on the pandemic combat, it is necessary to flexibly combine fiscal and monetary policies to keep macro-economic stability, said Minister of Finance Ho Duc Phoc.
About 118 trillion VND (5.16 billion USD) worth of taxes, land rent, fees, and charges are expected to be reduced or have payment deadlines extended in 2021 to assist enterprises and people affected by the coronavirus pandemic.
Legislators on July 26 discussed the outcomes of thrift practice and wastefulness prevention in 2020 as part of the ongoing first plenary session of the 15th National Assembly (NA).
The 15th National Assembly (NA) is scheduled to vote on a resolution on the Government’s organisational structure in the 2021-2026 tenure on July 23 as part of the ongoing first plenary session.
Prime Minister Pham Minh Chinh has told the Finance Ministry to reform the mindset on policy building in the direction of mobilizing resources from all sources and using all resources in an effective and economical manner.
Member of Party Central Committee, Auditor-General of the State Audit Office Ho Duc Phoc was appointed Minister of Finance at the 11th session of the 14th National Assembly on April 8 in Hanoi.
With the support of the majority of legislators, the National Assembly (NA) on April 8 morning adopted a resolution approving the Prime Minister’s proposal to appoint 12 new ministers and Government members for the 2016 – 2021 tenure.