Hai Phong targets state budget revenue of 4.2 billion USD in 2020 hinh anh 1A corner of the northern port city of Hai Phong (Photo: VNA)

Hai Phong (VNA) – The State budget revenue of the northern port city of Hai Phong is expected to reach over 98.2 trillion VND (over 4.2 billion USD) in 2020, including 63 trillion VND from export-import activities and over 35.2 trillion VND from domestic collection.

In the first ten months of the year, the city’s State budget collection totaled 62 trillion VND, down 14.3 percent from the same period last year.

The figure included 39 trillion VND contributed by export-import activities, down 22.6 percent year-on-year, and over 23 trillion VND of the local budget collection, up 4.7 percent.

According to Director of the municipal Tax Department Ha Van Truong, the agency has actively built plans to minimise budget revenue losses in the fields of land, trade and services, petroleum, transportation, basic construction, and tax management.

Attention has been given to simplifying administrative reforms, supporting enterprises in addressing difficulties and creating favourable conditions for taxpayers, he said./.