Tag: budget-collection
Hanoi’s economy expands in H1 despite COVID-19
Hanoi’s economy still expanded despite impacts from the COVID-19 pandemic, with its gross regional domestic product (GRDP) up 5.91% in the six months of 2021, higher than 3.39% recorded in the same period last year, said Vice Chairman of the municipal People’s Committee Le Hong Son.
State budget revenues hit US$24.48 billion in Jan–May
State budget revenues managed by tax agencies reached VND562.36 trillion (US$24.48 billion) in the first five months of 2021, equivalent to 50.4% of the yearly estimate and up 11.9% year-on-year.
Four-month State budget revenue goes up 7.3%
The State budget revenue was estimated at VND543.4 trillion (over US$23.7 billion) in the first four months of 2021, equivalent to 40.5% of the estimate and up 7.3% from a year earlier, said the Ministry of Planning and Investment (MPI).
HCM City’s State budget collection up 2.9% in January
State budget collections in Ho Chi Minh City in January were estimated at VND42.47 trillion (US$1.84 billion), 11.6% of the estimate and up 2.9% year-on-year, according to the municipal Statistics Office.
Import-export value through Lao Cai’s border gates declines due to COVID-19
Total import-export turnover through border gates of northern Lao Cai province, which borders China, reached nearly US$1.7 billion in 2020, equal to 94% of the previous year.
2020 tax revenue surpasses annual target
Nearly VND1.279 quadrillion (US$55.3 billion) in taxes was collected for the State budget in 2020, almost VND24.35 trillion, or 1.9%, higher than the annual target and VND175.85 trillion more than the estimate reported to the National Assembly (NA).
State budget collection tumbles in ten months
Total State budget collection in the first ten months of this year was estimated at VND1.13 quadrillion (US$48.7 billion), or 75.2% of the annual estimate and down 10.3% year-on-year, according to the Ministry of Finance.
Finance Minister questioned at NA sitting
Finance Minister Dinh Tien Dung was grilled about finance and budget-related issues within his remit during the 14th National Assembly’s 10th sitting on November 9.
COVID-19 pandemic weighs on budget
The COVID-19 pandemic will continue to weigh on socio-economic development and State budget in 2021 and the years that follow, Minister of Finance Dinh Tien Dung said.
State budget collection in 2021 expected to rise 1.5%
State budget collection is expected to rise 1.5% over 2020, according to a Government report on State budget estimate for 2021, which is being put on discussion before being submitted to the National Assembly.