Spending a lot of money and collecting less, Quang Nam's budget faces great pressure before the merger
According to the People's Committee of Quang Nam province, in the first 4 months of 2025, the total state budget revenue in the province reached 7,815 billion dong, reaching 31.3% of the year estimate and only 98% over the same period last year. Worth mentioning, this figure includes the tax extension under Decree 81 and 82 of the Government (VND 931 billion), showing that the actual revenue tends to slow down.
The situation is even more worrying when compared to spending demand. Total budget expenditure in the past 4 months reached VND 8,815 billion - exceeding revenue by more than VND 1,000 billion. Of which, development investment expenditure accounts for VND 3,604 billion, and regular expenditure is VND 5,209 billion.
The domestic revenue structure accounts for a high proportion (7,222 billion dong), but the revenue from the land use fee - which used to be the "life buoy" of the local budget - is sharply decreasing. By the end of the first quarter of 2025, revenue from this field was only 167 billion dong, too low compared to the all year estimate was 3,300 billion dong - the lowest level in the 4 provinces of the XII tax area. See more ...
Yen recovers, may continue to increase
According to Lao Dong, on May 14, the Japanese Yen (JPY) continued to increase in value against the US Dollar (USD), causing the USD/JPY pair to decrease to nearly 147.
This movement marks the second consecutive increase of Dong Yen, in the middle of the market context is in favor of the possibility that the Central Bank of Japan (BOJ) will continue to raise interest rates, while the US Federal Reserve (Fed) may soon start the interest rate cut cycle this year.
The main driver for the JPY's rally came from the "hawl" statement of BoJ Deputy Governor Shinichi Uchida. He affirmed that the BoJ is ready to continue raising interest rates if growth and inflation develop as expected. See more...
Lower the cost of durian production, sustainable and reduce risks
Quang Ninh calls for investment in 9 golf course projects in the 2025 - 2030 period
The People's Committee of Quang Ninh province has just approved a list of projects to attract non-budgetary investment in the period of 2025 - 2030, including large golf courses.
According to this list, there are 9 golf course projects in the whole province that Quang Ninh province prioritizes in calling for investment capital outside the budget, in the form of bidding to select investors.
Specific golf course projects are as follows:
Cam Pha Golf Course, Quang Hanh Ward, planned area of about 120ha, investment capital of 2,500 billion. The current status of this area is production forest land, low hills.
Ha Loan Island Golf Course, Cong Hoa Ward, Cam Pha City, planned area of over 951ha, capital of 1,200 billion VND. See more...
