An estimated VND577 trillion (US$24.86 billion) was collected for the State budget in the first five months of the year, equal to 38.2% of the estimate and down 9.2% compared to the same period last year.
Ho Chi Minh City was assigned to collect 405.83 trillion VND (17.5 billion USD) for the state budget in 2020, a rise of 1.68 percent compared to last year’s estimates, said Chairman of the municipal People’s Committee Nguyen Thanh Phong.
Nearly 518 trillion VND (22.23 billion USD) was collected towards the state budget in this year’s first four months, completing 36.7 percent of the yearly target and representing a year-on-year rise of 13.9 percent, reported the Ministry of Finance.
The import-export turnover through the Lao Cai International Border Gate on the Vietnam-China border hit 372.8 million USD in the first quarter of 2019, equivalent to 78.2 percent of the figure in the same period last year.
The state budget revenue is estimated at 144.6 trillion VND (over 6.2 billion USD) in January, up 7.5 percent from a year earlier, the Ministry of Finance said on February 1.
VOV.VN - Ho Chi Minh City has continued to spearhead the country’s economic development throughout 2018 while maintaining its own administrative reforms with a particular focus on bolstering exports.
Hanoi has set 24 goals for 2019, with one in budget collection and spending, 22 in socio-economic development and the last in personnel work.
Although completing the majority of its economic targets for 2018, Ho Chi Minh City is still burdened with heavy pressure from its budget collection, said Nguyen Thanh Phong, Chairman of the municipal People’s Committee at a meeting on November 1.
The Hanoi State Treasury must collect VND1.3 trillion (around US$55.5 million) per day for the budge to fulfill the target set for the whole year, said its director Dao Thai Phuc at a recent meeting.
Ho Chi Minh City collected over VND269.1 trillion (nearly US$11.6 billion) for the State budget in the January-September period, up 9.88% year on year.
Total budget collection in the January-August period was estimated at VND871.8 trillion (US$37.3 billion), or 66.1% of the yearly estimates, an increase of 13.8% year on year, according to the Finance Ministry.
Growth is an inclusive target of Vietnam, which will assist the country in addressing employment, increasing budget collection and reducing public debt, Prime Minister Nguyen Xuan Phuc stressed at a national teleconference between the Government and localities on July 2.
Ho Chi Minh City continued enjoying growth in State budget collection in the first quarter of 2018, however, revenues from several sectors, especially import-export activities are forecast to fall, affecting the city’s budget collection this year.
Vietnam developed 70,900 national domain names (.vn) in the first quarter of this year, equivalent to 393 domain names per day.
President Tran Dai Quang had a working session with the Standing Board of the Hai Phong municipal Party Committee on January 18, recognising the northern city’s significant achievements in 2016.
The northern key economic region’s socio-economic development is of great significance to the socio-economic development of the Red River Delta and the country as a whole, heard a conference on December 27.
State budget collection will be completed in accordance with the yearly estimate set by the National Assembly, Deputy Finance Minister Huynh Quang Hai said at the Government’s regular metering on November 29.
The northern province of Quang Ninh has taken numerous measures to facilitate local enterprises, a local senior official has pledged.
Hanoi enjoyed relatively high economic growth in the first half of the year with good performances in the service and industry-construction sectors, officials have said at a recent municipal People’s Council meeting.
The tax sector has devised multiple measures to ensure the budget collection target is met in the second half of this year.