VOV.VN - A total of 22 foreign investment projects were granted new licenses in Hanoi during February, with a combined registered capital of U$12.1 million, according to information released at a recent press conference held by the municipal People's Committee.

Nearly VND246.449 trillion (over US$10.7 billion) in taxes was collected for the State budget in the first two months of 2021, equivalent to 22.1% of the estimate, according to the General Department of Taxation.

Public investment disbursement has been accelerated since the opening days of the year as it continues to be seen as an important driving force of economic growth this year, the Dau tu (Vietnam Investment Review) newspaper reported.

Businesses may have several additional months before they have to pay income tax and land-use fees, per a proposal from the Ministry of Finance (MoF) to the Government.

The Ministry of Finance has submitted a proposal to the Government seeking approval to create a decree expanding the timeframe for tax and land lease payments.

Minister of Planning and Investment Nguyen Chi Dung has asked ministries, central agencies, and localities to continue applying measures to speed up the disbursement of public investment capital, with the aim of completing 90% of disbursement planned for 2021 by the fourth quarter of the year.

Chairman of the People’s Committee of northern Hai Phong city Nguyen Van Tung on February 7 granted a certificate to LG Display Vietnam Hai Phong’s project adding US$750 million in investment.

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.

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.

VOV.VN - Numerous FDI enterprises have consistently reported losses over the course of several years, despite continuing to invest in and expand production and business activities, along with an annual increase in revenue, thereby causing losses and damage to the state budget.