The budget revenue increased significantly in the first five months of this year thanks to recovery from 2020 and some sectors seeing strong growth, such as banking, securities, real estate and automobile industries, according to the General Department of Taxation.

VOV.VN - The Vietnam Oil and Gas Group (PetroVietnam) raked in VND144.9 trillion, equivalent to US$6.31 billion, in pre-tax profits between January and May, 2.3 times higher compared to the expected figure for the period and triple that recorded during the same period from last year.

The Ministry of Finance has submitted proposals to authorities regarding the issuance of taxation and land lease policies to tackle difficulties and promote production and trade amid the COVID-19 pandemic.

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.

The General Department of Taxation under the Ministry of Finance (MoF) is studying a proposal on increasing the threshold of taxable revenue for individual landlords renting out houses.

Tax policies for the real estate sector must be carefully studied and introduced at the appropriate time to ensure feasibility and limit speculation, according to the Ministry of Finance.

Vietnam will record positive economic growth in 2021, at around 6-7%, if the country continue support for vulnerable groups in the economy, as well as the freshly-rolled out vaccination campaign.

The Ministry of Transport has proposed the Government increase support for domestic airlines which were heavily hit by the COVID-19 pandemic.

VOV.VN - Despite foreign-invested enterprises (FDI) businesses playing an important role in the local wood industry, a number of disguised businesses have taken advantage of legal loopholes to cause injury to the genuine domestic industry, say industry insiders.

PetroVietnam Power Corporation (PV Power) reported a post-tax profit of VND720 billion (over US$31.2 million) in the first quarter of 2021, surpassing the quarterly plan by 6%.