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Financial autonomy promoted

by VTV428 October 2016 Last updated at 09:20 AM

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VTV.vn - The Ministry of Finance announced changes in the financial management of state-owned units on Wednesday in Hanoi.

In cases where state-owned unit revenue exceeds its post-tax costs, the units will be entitled to use the profits for investment, pay and other staff benefits. Units can set their own budgets and determine spending based on their financial capacity and requirements.