Tags: state budget revenue

HCM City State budget revenue shows drastic downturn

HCM City State budget revenue shows drastic downturn

VOV.VN - The State budget revenue of Ho Chi Minh City suffered a sharp fall, despite recording an increase in spending during the first half of the year, largely due to the impact of the novel coronavirus (COVID-19), the municipal Statistics Office reports.

Four-month State budget revenue drops as Gov’t offers tax relief

Four-month State budget revenue drops as Gov’t offers tax relief

The State budget revenue in January – April was estimated to total VND491.38 trillion (US$21.05 billion), representing a drop of 5.9% against the same period last year, as the Government offered tax relief to support those affected by the COVID-19 pandemic, according to the Ministry of Finance.

State budget revenue to meet five-year target: MoF

State budget revenue to meet five-year target: MoF

Collection of the State budget between 2016 and 2020 is expected to meet the target of 6.8 quadrillion VND (nearly 293 billion USD), the Ministry of Finance (MoF) reported on October 21.

2018 an unforgettable year for financial sector

2018 an unforgettable year for financial sector

The year 2018 ended with many remarkable events occurring in the financial sector, including the higher-than-expected State budget revenue, the hike in environmental protection tax, and the property tax proposal, among others.

MOF proposes tax reduction to rescue SMEs

MOF proposes tax reduction to rescue SMEs

The Ministry of Finance (MOF) has submitted to the government a plan to lower the corporate income tax (CIT) rate to 17% for small and medium sized enterprises (SMEs).

Exports down, revenue shrinks

Exports down, revenue shrinks

Vietnam’s export growth rate was modest at 5.7% in the first half of 2016, the lowest in the last five years. This has raised concerns that the 6.7% GDP growth rate may be unattainable, while state budget revenue will shrink.

State budget down 1.9 pct in two months

State budget down 1.9 pct in two months

State budget revenue dropped by 1.9 percent in the first two months of the year to US$5.52 billion, accounting for 14.1 percent of the year’s estimated total.