Hanoi collected over 162 trillion VND (7.7 billion USD) in taxes this year, 0.3 percent higher than its annual target, the municipal Tax Department has reported.

The figure included more than 10.9 trillion VND (519.8 million USD) from import-export and over 151.1 trillion VND (7.2 billion USD) from domestic trade activities.

The department attributed the achievement to its tightened supervision over businesses that are in tax arrears, populisation of tax regulations, and dialogues with enterprises. It has also timely prevented and strictly dealt with tax frauds.

For 2014, the city’s sector plans to intensify the dissemination of the Tax Reform Strategy from 2011 to 2020 along with boosting the application of information technology and organising more dialogues with tax payers so as to reach tax collection targets.-VNA