Related topics

Vietnam To Release Budget

November 21, 1998

HANOI, Vietnam (AP) _ Vietnam has decided to release key financial data, including the national budget, for the first time, a government official said Saturday.

Releasing the figures will curb waste and corruption by allowing people to inspect and supervise the management of state funds, the official said on customary condition of anonymity.

Many of the figures that will be released traditionally have been treated as state secrets in Vietnam, with officials who leaked them subject to prosecution.

The decision, signed Friday by Deputy Prime Minister Nguyen Tan Dung, will take effect in 15 days.

Information to be released includes annual budget estimates and revenues and spending at the national, provincial and local levels, local newspapers reported. It will include development investment, education, training, health care, culture, sports and other national programs.

The decision also calls for state-owned enterprises to release their financial status, business results and employees’ income.

Units under the armed forces or party organizations and units in charge of national reserves are to release their regular spending and revenue internally, the papers reported.

Figures on national reserves and the assets, budget estimates and spending for national defense and security are not subject to publication, according to the reports.

Update hourly