HCM City (VNA) – Ho Chi MinhCity collected 130.55 trillion VND (5.62 billion USD) for the budget in thefirst half of 2018, up 11.37 percent from a year earlier, according to the municipalDepartment of Taxation.
The six-month revenue, equivalent to 48.57percent of this year’s plan, included 11.62 trillion VND (500 million USD) fromcrude oil, up 34.9 percent, and nearly 118.93 trillion VND (5.12 billion USD)from other domestic sources, up 9.5 percent.
At a meeting on July 23, Chairman of the HCMCity People’s Committee Nguyen Thanh Phong appreciated tax contribution bybusinesses, especially amid the fluid overall economic situation.
He said the city has issued many solutions supportingproduction and business activities. More policies facilitating enterprises,particularly small- and medium-sized ones, will be devised in the time ahead.
Additionally, municipal authorities will hold regular dialogues with businessassociations to remove bottlenecks and create the best possible conditions fortheir operations.
General Director of the General Department ofTaxation Bui Van Nam said despite an array of difficulties, businesses haveexpanded activities and contributed more and more tax to the State budget. Theyhave also stood side by side with taxation agencies in carrying out taxpolicies and proposed many amendments to relevant policies.
In 2017, HCM City Department of Taxationfulfilled the budget revenue plan with nearly 238.89 trillion VND (10.28billion USD) collected, up 16.8 percent year on year, the departmentreported.-VNA
HCM City tops State budget revenue target
Total State budget revenue in HCM City reached 347.98 trillion VND (15.32 billion USD) in 2017, slightly more than the year’s target, and up 13.5 percent compared to 2016, according to the city’s State Treasury.