HANOI, Nov 14 (NNN-VNA) – Vietnam’s National Assembly (NA), yesterday, adopted a resolution on the 2025 state budget estimate, which sets budget overspending at 471.5 trillion Vietnamese dong (18.5 billion U.S. dollars), equivalent to 3.8 percent of the country’s gross domestic product (GDP).
NA deputies suggested that the pace of public investment disbursement must be accelerated, especially for key national projects, as well as, important local projects.
Lawmakers recommended to re-allocate funds from projects with slow implementation, to those that are potential for implementation and disbursement.
Vietnam posted a budget collection of over 1.65 quadrillion dong (65 billion dollars) from Jan to Oct, up 17.3 percent year-on-year, and equivalent to 97.2 percent of the whole year’s estimate, according to the General Statistics Office.– NNN-VNA
