Business

State budget collection almost reaches yearly target

State budget collection in the January-September period was estimated at over 1.32 quadrillion VND (55.9 billion USD ), reaching 94% of the yearly target, and up 22% from the same period last year, according to Deputy Finance Minister Nguyen Duc Chi.
State budget collection almost reaches yearly target ảnh 1Illustrative image. (Photo: VNA)
Hanoi (VNA) – State budget collection in the January-Septemberperiod was estimated at over 1.32 quadrillionVND (55.9 billion USD ), reaching 94% of the yearly target, and up 22% from the sameperiod last year, according to Deputy Finance Minister Nguyen Duc Chi.

At a press conference on September 29, the deputy minister said domesticcollection accounted for 88.9% of the yearly estimates, up 18.8% year-on-year.

The ministry said 61 out of 63 provinces and citieshave met over 75% of their targets in domestic collection, and 52 localitieshave collected higher tax revenues than the same period last year. 

The country’s state budget expenditure in the January – August period reached 1,086.3 trillionVND, equivalent to 60.8% of the year's estimate and up 5.4% year-on-year. 

However, the disbursement of investment in development in the 9-month period isstill behind schedule at 46.7% of the plan. Only 7 ministries and 20 localitiesdisbursed over half of the assigned investment capital, while 14 ministries andcentral agencies and 2 localities disbursed under 20%.

Based on the budget revenues in the first nine months of the year, the ministryforecast that the economy would expand 7 – 7.5% this year while export valuewould increase by 9.46% and import value by 10.5% year on year./.
VNA
#State budget #collection #finance ministry #economy #Vietnam Plus #Vietnam News Agency
Follow VietnamPlus

Related News

Budget collection reaches 66.7% of yearly estimates

Budget collection reaches 66.7% of yearly estimates

Revenues of the State budget in the first six months of this year stood at about 941.3 trillion VND (40.3 billion USD), equivalent to 66.7% of the yearly estimates, it was reported at the Finance Ministry’s review conference on July 7.
Tax sector sees good results in State budget collection

Tax sector sees good results in State budget collection

The tax sector collected 911.02 trillion VND (38.9 billion USD) of State budget in the first seven months of this year, a year-on-year rise of 17.2%, and equivalent to 77.5% of its yearly estimate, according to the General Department of Taxation.
State budget collection reaches 85.6% of yearly target

State budget collection reaches 85.6% of yearly target

The total State budget collection in the first eight months of this year has been estimated at 1.2 quadrillion VND (51.3 billion USD), equivalent to 85.6% of the annual target, according to the Ministry of Finance.

See more

Prime Minister Pham Minh Chinh presents Tet gifts to workers in Ngoc Lac district, Thanh Hoa province, on January 26. (Photo: VNA)

Thanh Hoa should be nation’s growth pole: PM

PM Pham Minh Chinh expressed his confidence that the Party organisation, administration, whole political system, armed forces and people of Thanh Hoa will promote solidarity and take drastic actions to fulfill the tasks for 2025 with results better than last year's.

The Vietnamese section of the Monsoon – Thanh My 500kV transmission line project (Photo: VNA)

500kV transmission line from Laos energised

The Monsoon – Thanh My 500kV transmission line project is designed to import electricity from Laos’ Monsoon wind power plant to Vietnam, adding 600 MW to the national power grid during the 2024–2025 period.​

The entrance gate to Hanoi’s Ciputra Urban Area, where banks are selling apartments and villas. (Photo: cafef.vn)

Banks selling mortgaged assets to recover bad debts

The Viet Dragon Securities Company (VDSC) said that bad debts might continue to increase slightly this year, after a circular allowing banks to reschedule debt repayment periods and maintain the debt group for certain sectors expired at the end of 2024.

Vietnamese Ambassador to Argentina Bui Van Nghi (th fourth from the fright) in the meeting with Governor of Brazil's Espirito Santo state Renato Casagrande. (Photo: VNA)

Vietnam seeks to set up cooperation with Brazilian locality

In his meeting with Governor of Brazil's Espirito Santo Renato Casagrande, Ambassador to Argentina Bui Van Nghi Bui Van Nghi valued the potential for cooperation between the two sides, particularly in priority areas such as tourism, information technology, hi-tech agriculture, and seaport.

Remittances to Vietnam in 2024 are estimated at about 16 billion USD, maintaining the record-high levels seen in 2023. (Photo: VNA)

Remittances surge as Tet approaches

According to the State Bank of Vietnam’s Ho Chi Minh City branch, 9.6 billion USD, or 60% of the total remittances, flew through financial institutions, representing a 140 million USD increase from the previous year.

Bank lending in HCM City achieves high growth last year. (Photo courtesy of ABBANK)

Banks' credit up 11.3% in HCM City in 2024

Total outstanding loans of credit institutions in Ho Chi Minh City as of the end of last year were worth over 3.9 quadrillion VND (153.3 billion USD), a 11.3% increase for the year, according to the central bank.