Budget revenue from import-export activities up 13.5%

State budget revenue from import-export activities in the first nine months of 2024 reached more than 306 trillion VND (12.4 billion USD), accounting for 81.7% of the set target and increasing 13.5% from the same period last year, the General Department of Vietnam Customs (GDVC) has reported.

Budget revenue increases by over 15% despite tax deferrals in January-June

State budget revenue saw a year-on-year increase of 15.3 percent in the first six months and was estimated to reach over VND865 trillion in spite of nearly VND40 trillion of tax deferrals, according to the General Department of Taxation.

Hanoi’s seven-month budget collection up 20.8%

Hanoi’s budget revenue is estimated at 253.2 trillion VND (10.6 billion USD) in the first seven months of this year, equal to 71.7% of the yearly estimate, and up 20.8% year-on-year, according to the municipal People’s Committee.

Budget revenue forecast 14.3% higher than plan this year

Budget revenue was forecast to be 14.3% higher than the plan this year but the structure lacked stability as the increase was mainly from land-related revenue.

Customs sector’s budget revenue surges 14.7% in nine months

The General Department of Vietnam Customs announced on October 4 that its state budget revenue surpassed 328.83 trillion VND (13.77 billion USD) in the first nine months of 2022, up 14.7% year-on-year.

HCM City’s nine-month budget revenue soars

Ho Chi Minh City has collected more than 349.9 trillion VND (14.64 billion USD) in State budget revenue in the first nine months of this year, up 27.7% year-on-year, on the back of soaring revenue from real estate and crude oil, according to data from the municipal statistics office.

Recovering the economy, contributing to budget revenue increase

Fiscal policy supports economic recovery and growth, on the other side, economic recovery and growth will make an important contribution to increasing state budget revenue. In 2022, it is forecasted that when the pandemic is under control, large stimulus packages shall come into play, the economy recovers and develops, contributing to fulfill budget collecting task of the Finance sector.
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