Ministry reports 17.3 pct rise in State budget collection

The Ministry of Finance reported that 576.9 trillion VND (nearly 27.5 billion USD) were channeled into the State budget in the first eight months of 2014, a year-on-year increase of 17.3 percent.
The Ministry of Finance reported that 576.9 trillion VND (nearly 27.5 billion USD) were channeled into the State budget in the first eight months of 2014, a year-on-year increase of 17.3 percent.

The figure represents 73.7 percent of the whole year’s estimate, the ministry said.

The eight-month amount includes 389.28 trillion VND (over 18.5 billion USD) in domestic revenues, up 21.3 percent from a year before.

Over the period, the state sector’s contribution to the State budget rose by 37.2 percent on a yearly basis, while that of the non-State industrial and commercial firms and foreign invested companies grew by 10.8 percent and 16.7 percent, respectively.-VNA

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