Local authorities continue frivolous spendingMore state agencies in Vietnam have been reported to face debts after overspending their allocated state budget. Last week, local newspaper published articles about a VND310 million (USD14,760) debt of the northern province of Hai Duong's Party Committee Inspection Commission to local restaurants and hotels. As a result, the committee owed VND310 million to some local restaurants and hotels, but we don’t have any funds to cover the costs." If only the Hai Duong Inspection Commission had known to balance the budget suitably. The city owes debts to several contractors which carried out local infrastructure projects, the provincial Social Insurance and some local companies.

Source: VietNamNet News September 12, 2016 09:00 UTC