What are the key indicators in the 2025 socio-economic development plan in Vietnam? Which are the amounts payable to State budget from economic activities of the State of Vietnam?

What are the key indicators in the 2025 socio-economic development plan in Vietnam?

On November 12, 2024, the National Assembly passed Resolution 158/2024/QH15..Download regarding the 2025 socio-economic development plan in Vietnam.

According to Article 2 of Resolution 158/2024/QH15..Download, the main indicators in the 2025 socio-economic development plan in Vietnam are prescribed as follows:

(1) The growth rate of the gross domestic product (GDP) is around 6.5 - 7.0%, striving for approximately 7.0 - 7.5%.

(2) The average GDP per capita reaches approximately USD 4,900.

(3) The proportion of processing and manufacturing industry in GDP reaches about 24.1%.

(4) The average consumer price index (CPI) growth rate is about 4.5%.

(5) The average social labor productivity growth rate is approximately 5.3 - 5.4%.

(6) The proportion of agricultural labor in total social labor reaches 25 - 26%.

(7) The rate of trained labor is about 70%, of which those with degrees and certificates are about 29 - 29.5%.

(8) The urban unemployment rate is below 4%.

(9) The poverty rate (according to the multidimensional poverty line) decreases by about 0.8 - 1%.

(10) The number of doctors per 10,000 people reaches approximately 15 doctors.

(11) The number of hospital beds per 10,000 people reaches 34.5 beds.

(12) The rate of health insurance participation reaches 95.15%.

(13) The rate of communes meeting the new rural standards is about 80.5 - 81.5%.

(14) The rate of collection and treatment of urban household solid waste ensuring standards and regulations reaches 95%.

(15) The rate of industrial parks and export processing zones in operation having centralized wastewater treatment systems meeting environmental standards reaches 92%.

See more Resolution 158/2024/QH15..Download

What are the key indicators in the 2025 socio-economic development plan in Vietnam? (Image from the Internet)

What are requirements applied to annual state budget estimates in Vietnam?

According to Article 42 of the Law on State Budget 2015, requirements for annual state budget estimates are defined as follows:

Requirements for annual state budget estimates

1. The state budget estimate must be compiled according to each revenue and expenditure item and according to the structure of development investment expenditure, regular expenditure, national reserve expenditure, debt repayment and aid, supplementary financial reserve fund, and budget contingency.

2. The budget estimate of each budget estimating unit at all levels must fully reflect revenue and expenditure items in accordance with formats and deadlines prescribed by competent state agencies. In particular:

a) The revenue budget estimate is made based on macroeconomic indicators and related targets, legal provisions on taxes, fees, charges, and budget revenue policies;

b) The development investment expenditure estimate is made based on planning, plans, programs, and projects approved by competent authorities; five-year financial plans, medium-term public investment plans, balance capability of resources in the estimate year, legal provisions on public investment, construction, and other relevant laws;

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Thus, the investment expenditure estimate for the state budget is established based on planning, plans, programs, and projects approved by competent authorities; five-year financial plans, medium-term public investment plans of state resources, capability of resource balance in the estimate year, legal provisions on public investment, construction, and other relevant laws;

Which are the amounts payable to State budget from economic activities of the State of Vietnam?

According to clause 5 of Article 2 Decree 163/2016/ND-CP, amounts payable to State budget from economic activities of the State of Vietnam include:

- Dividends distributed to the host state and other revenues from oil and gas exploration and exploitation activities;

- Capital recovery from state investment in economic entities;

- Dividends and profits distributed from joint-stock companies, limited liability companies with two or more members in which the state has capital contribution;

- Retained profits after tax, after appropriating funds of state-owned enterprises;

- Surplus revenue over expenditure of the State Bank of Vietnam;

- Recovery of state loan proceeds (including both principal and interest), except for re-lending of foreign loans of the Government of Vietnam.

Do taxes paid by enterprises fall under the state budget revenue in Vietnam?

According to clause 2 of Article 2 Decree 163/2016/ND-CP, state budget revenue is regulated as follows:

State budget revenue

1. Taxes paid by organizations and individuals according to tax laws.

2. Fees paid by organizations and individuals according to legal provisions.

3. Fees collected from activities by state agencies; in cases of cost outsourcing, they are deductible.

4. Fees collected from services provided by public service providers and state-owned enterprises, after deducting the part allowed to cover costs as prescribed by law.

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Thus, the state budget includes taxes paid by enterprises and individuals according to tax laws.