The capital city of Hanoi targeted collection of VND238.37 trillion (US$10.2 billion) in 2018, a year-on-year increase of 17%.
However, according to the Hanoi State Treasury, the total state budget collection through the Hanoi State Treasury was VND161.45 trillion (US$6.91 billion) as of October 13, accounting for 67.7% of the year’s plan. The budget spending through the Hanoi State Treasury was VND79.76 trillion (US$3.41 billion).
The Hanoi State Treasury had put forward a number of measures to complete the budget collection, such as co-ordinating closely with the city’s tax department and customs department to speed up the collection for the State budget and continuing to urge payment, Phuc said.
In terms of State budget spending, the Hanoi State Treasury would actively co-ordinate with investors to remove obstacles and complete procedures for payment to accelerate the disbursement process of investment projects and reach the central and local target programmes, he said.
Ta Anh Tuan, General Director of the Vietnam State Treasury, asked the Hanoi State Treasury to boost administrative reforms and expand, modernise and digitise the collection points.
Speaking at the meeting, Nguyen Duc Chung, Chairman of the Hanoi’s People’s Committee, said that some collection sources in the area was were becoming less lucrative as export-import tariff lines were cut.
He demanded the sectors of treasury, taxation, finance, planning and investment of the city co-ordinate smoothly in the process of budget collection.
Chung also asked the mentioned branches to boost the application of information technology, towards digitising documents to reduce procedures for agencies and enterprises.
The chairman of the Hanoi’s People’s Committee also suggested the capital city’s State Treasury coordinate with the relevant agencies to pilot collection using scratchcards to help people, enterprises and organisations reduce time and effort when paying the State budget.