The financial sector aims to raise state budget collection by between 5 to 8% and hold budget overspending below 4.8% of GDP and inflation below 10% next year. According to reports delivered at a conference in Hanoi on Saturday on financial and budgetary plans for 2012, this year’s budget collection was estimated 32 billion USD and budget overspending dropped to less than 5% of GDP. Vietnam’s public, government and national debts have been at safe levels to date. The country will continue to pursue a tight financial policy to curb inflation and stabilize the macro-economy as Finance Minister Vuong Dinh Hue puts it: “We will continue to tighten financial and monetary policies while offering incentives to support businesses. The Finance Ministry is crafting new measures including corporate tax deferral to facilitate enterprises’ operation”.