HCM City targets 17.5 billion USD in budget collection
Ho Chi Minh City was assigned to collect 405.83 trillion VND (17.5 billion USD) for the state budget in 2020, a rise of 1.68 percent compared to last year’s estimates, said Chairman of the municipal People’s Committee Nguyen Thanh Phong.
At the conference on state budget collection and spending in 2019 in HCM City (Photo: VNA)HCM City (VNA) – Ho Chi Minh City was
assigned to collect 405.83 trillion VND (17.5 billion USD) for the state budget
in 2020, a rise of 1.68 percent compared to last year’s estimates, said
Chairman of the municipal People’s Committee Nguyen Thanh Phong.
Phong revealed the information at a conference on state budget collection and spending in 2019 held on December 31.
Of the figure, domestic collection and budget revenue from crude oil are projected to stand at nearly 290.83 trillion VND, up 0.17 percent while import-export activities may contribute 115 trillion VND, an increase of 5.7 percent.
In 2019, the city’s total state budget collection was estimated at 409.92 trillion VND (17.7 billion USD), exceeding its estimates by 2.7 percent and representing a year-on-year rise of 8.29 percent.
Its gross regional domestic product (GRDP) exceeded 1.34 quadrillion VND, up 8.32 percent year-on-year.
Vice Director of the municipal Department of Finance Le Ngoc Thuy Trang said 2019 was the first year that the HCM City’s budget collection has surpassed the 400 trillion VND benchmark.
Meanwhile, the city spent more than 70.93 trillion VND in the year, or 79.81 percent of its estimate./.
Phong revealed the information at a conference on state budget collection and spending in 2019 held on December 31.
Of the figure, domestic collection and budget revenue from crude oil are projected to stand at nearly 290.83 trillion VND, up 0.17 percent while import-export activities may contribute 115 trillion VND, an increase of 5.7 percent.
In 2019, the city’s total state budget collection was estimated at 409.92 trillion VND (17.7 billion USD), exceeding its estimates by 2.7 percent and representing a year-on-year rise of 8.29 percent.
Its gross regional domestic product (GRDP) exceeded 1.34 quadrillion VND, up 8.32 percent year-on-year.
Vice Director of the municipal Department of Finance Le Ngoc Thuy Trang said 2019 was the first year that the HCM City’s budget collection has surpassed the 400 trillion VND benchmark.
Meanwhile, the city spent more than 70.93 trillion VND in the year, or 79.81 percent of its estimate./.
You should also see
Dien Bien Phu Victory echoes, 70 years on
Seventy years ago, Vietnam won the Dien Bien Phu battle, forcing the French government to sign the Geneva Agreement in July 1954 and marking the end of the French military presence in the whole Indochina.
See more
Business
Vietjet adds more flights to Dien Bien
To meet the rising demands to visit Dien Bien of people and tourists during the celebration of the 70th anniversary of the Dien Bien Phu victory, Vietjet increased the frequencies of flights between Hanoi, Ho Chi Minh City and the northwestern province to 28 per week.
Videos
Agro-forestry-fisheries products nearly double in Q1
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at over 13.5 billion USD, up nearly 22% over the same period last year, according to the Ministry of Agriculture and Rural Development.
Business
Beautycare Expo 2024 opens in Hanoi
The Beautycare Expo 2024 kicked off Hanoi on April 18, featuring over 250 booths from more than 15 countries and territories.
Business
Standard Chartered, US promote clean energy investments in Vietnam
Standard Chartered and the US Agency for International Development (USAID) have signed a Memorandum of Understanding (MoU) on green financing in Vietnam and to promote the deployment of advanced clean energy in Vietnam.
Business
Vietnam Airlines, Sun Group promote Vietnam’s tourism in RoK
National flag carrier Vietnam Airlines and Sun Group on April 17 held a tourism promotion event themed “The Magnificent Vietnam” in Seoul, aiming to promote Vietnam’s tourism potential, flights, and trade opportunities for Vietnam and the Republic of Korea (RoK).
