State budget revenue surges, nears 30% of annual target

State budget revenue surges, nears 30% of annual target

Vietnam’s state budget revenue had reached 574.4 trillion VND (22.5 billion USD) as of March 11, surging 38.2% year-on-year and achieving 29.2% of the annual target, the Ministry of Finance reported.

Tax revenue surpasses 1.7 quadrillion VND

Vietnam’s tax sector has collected a record-high revenue of 1.7 quadrillion VND (66.7 billion USD) for the state budget in 2024, the General Department of Taxation reported at a conference on December 19.

Local car makers to benefit from 50% registration fee cut

Pent-up demand is due to push up car sales in the final months of the year, according to experts.

Tax authorities to put retailers selling through livestreaming under scrutiny

The General Department of Taxation has asked local tax authorities to review and make lists of retailers selling through livestreaming on platforms such as YouTube, Facebook and Tiktok to carry out risk-based inspections.

Vietnam's state budget collection up nearly 15% in five months

Total state budget collection in the first five months of 2024 was estimated to reach 898.4 trillion VND (35.2 billion USD), equivalent to 52.8% of the yearly estimate, representing a year-on-year rise of almost 15%, according to the Ministry of Finance (MoF).

Retail sales of goods, services rises 8.7% in five months: GSO

Vietnam’s total retail sales of consumer goods and services during January-May increased 8.7% year-on-year to top 2.58 quadrillion VND (101.3 billion USD), according to the General Statistics Office (GSO).

Revenue of SOEs surges 29% in 2022

The total revenue of Vietnam’s 827 State-owned enterprises (SOEs) recorded a year-on-year surge of 29% to 2.75 quadrillion VND (112.89 billion USD) last year, according to a Government report sent to the National Assembly.

State Capital Investment Corporation’s profit rises 91%

The State Capital Investment Corporation (SCIC) on January 10 reported that its after-tax profit in 2022 reached over 6.83 trillion VND (291.5 million USD), 91% higher than the yearly plan.

New impetus for development of Da Nang city

The central city of Da Nang’s economy has continued to grow in the post-COVID-19 period, affirming its position as a leading tourist destination and an attractive investment environment.

Vietnam collects taxes from Microsoft, TikTok, Netflix

Many major foreign online service providers such as Facebook, Microsoft, TikTok, and Netflix have directly registered, declared and/or paid taxes online into the Vietnamese budget.
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