Vietnam State budget revenue rose by 21 percent year on year to over51.5 trillion VND (roughly 2.53 billion USD) in July, reported theMinistry of Finance.
Domestic tax collectionincreased by 7 trillion VND compared to June, attributable to influxesof income taxes paid by enterprises for the full second quarter as Julyis set as the deadline. Extra tax payments and the State Bank’s secondquarter income-spending difference contributed some 8 trillion VND(roughly 392 million USD) to State budget revenue in July.
The issuance of Government bonds raised almost 47 trillion VND(roughly 2.3 billion USD) from domestic resources by late July, to makeup for State budget deficits and cover investment in infrastructureprojects such as traffic facilities, irrigation, education and medicalhealth. The proceeds have accounted for 55 percent of the full yeartarget.
State budget spending in July is estimated at 58.63 trillion VND./.
Domestic tax collectionincreased by 7 trillion VND compared to June, attributable to influxesof income taxes paid by enterprises for the full second quarter as Julyis set as the deadline. Extra tax payments and the State Bank’s secondquarter income-spending difference contributed some 8 trillion VND(roughly 392 million USD) to State budget revenue in July.
The issuance of Government bonds raised almost 47 trillion VND(roughly 2.3 billion USD) from domestic resources by late July, to makeup for State budget deficits and cover investment in infrastructureprojects such as traffic facilities, irrigation, education and medicalhealth. The proceeds have accounted for 55 percent of the full yeartarget.
State budget spending in July is estimated at 58.63 trillion VND./.
