VOV.VN - The southern economic zone must introduce solutions to fully exploit its potential and promote fresh growth in order to offset the negative effects of the novel coronavirus (COVID-19) pandemic and achieve sustainable development, said Prime Minister Nguyen Xuan Phuc.
The plummeting world crude oil prices will not have too great impact on Vietnam’s State budget revenue, said Vo Thanh Hung, head of the State Budget Department under the Ministry of Finance.
The Ministry of Finance will focus on improving the business climate and creating favourable conditions for businesses to accelerate growth, which is important to ensure State budget revenue amid the COVID-19 pandemic's impacts on socio-economic development.
Total State budget collection from the beginning of the year until November 15 was estimated at VND1.16 quadrillion (US$49.78 billion), up 16.1% as compared to the same period last year.
State budget revenue in the first nine months of the year totaled VND843 trillion (US$37 billion), up 13.9% year-on-year and equivalent to 69.5% of the annual target.
The Ho Chi Minh City taxman should consider collecting taxes from an increasing number of people who are selling their stuff through Facebook to ensure budget revenue, the municipal industry and trade department has said.
State budget revenues surpassed the yearly target to hit VND1.1 quadrillion (US$48.4 billion) as of December 31, 2016, up 7.8 % or VND79.6 trillion higher than the target.
Banking analysts from the Bank for Investment and Development of Vietnam (BIDV) have proposed several measures to better manage Vietnam’s public debt, which is viewed as a mounting problem for economic-planners.
The total state budget revenue in January was 95% of the revenue year-on-year due to about 66% fall in crude oil revenue, the finance ministry said.
Foreign-invested enterprises contributed the largest part of Ho Chi Minh City’s budget revenue last year, reported Saigon Giai Phong newspaper.
National Assembly deputies approved a resolution on the State budget estimate for 2016 and gave their opinions on several draft laws during a plenary session in Hanoi on November 11.
Vietnamese Minister of Finance Dinh Tien Dung suggested enhancing taxation cooperation among the Association of Southeast Asian Nations (ASEAN) members to deal with budget revenue reduction due to outside impacts, pricing transfer and tax fraud.
Vietnam reported an upsurge in the State's budget revenue, but saw a strong reduction in budget collections from crude oil products during January and February, the Ministry of Finance said.
(VOV) - Newly elected Finance Minister Dinh Tien Dung has vowed to reduce spending on unfeasible projects and focus on solutions for preventing revenue losses.
Stage budget revenue hit VND49,260 billion in July, bringing the total to VND393,500 billion in just seven months, according to the Ministry of Finance.