Illustrative image (Photo: VNA) The municipal Statistics Office reported that the southerneconomic hub collected some 88.04 trillion VND (3.85 billion USD) in Januaryand February, completing 22.8 percent of the estimate for the whole year.
The city’s domestic collection reached 66.32 trillionVND, meeting 25.6 percent of the estimate and up 17.2 percent year-on-year.
Of the amount, State-owned enterprises contributedaround 6.17 trillion VND, 23.5 percent of the estimate and up 28 percentyear-on-year. Meanwhile, 18.01 trillion VND came from private firms, 26.8percent of the estimate and a drop of 6.7 percent. The FDI sector contributed14.43 trillion VND, 26.8 percent of the estimate and down 7.9 percent.
Notably, the city earned 3.21 trillion VND fromcrude oil in the months, a year-on-year rise of 77.7 percent; and exports and imports amounted to 18.5 trillion VND, up 1.4 percent.
Local budget revenue stood at 27.28 trillion VND,16.2 percent of the estimate and up 79.2 percent from the same period lastyear.
Meanwhile, HCM City’s budget spending decreased 39.6percent to 5.78 trillion VND, or 5.8 percent of the estimate.
The office explained that the city has yet to rollout a plan on budget allocation for development investments in 2022, leading toa drop in budget spending.
It suggested authorities quickly speed up the implementationof the capital allocation plan to push ahead with the disbursement of publicinvestments./.
VNA
