Deputy Prime Minister Ho Duc Phoc spoke to the Vietnam News Agency (VNA) about the outstanding results in implementing financial and budgetary tasks in 2024 as well as solutions for 2025.
Hanoi’s total state budget revenue from January-November reached 447.2 trillion VND (17.6 billion USD), surpassing the yearly estimate by 9.5% and marking an 18.3% year-on-year increase, according to the municipal People’s Committee.
The state budget revenue topped 1.8 quadrillion VND (71 billion USD) in the first 11 months of this year, equivalent to 106.3% of this year's target and up 16.1% from the same period in 2023, the Ministry of Finance reported on December 4.
With 428 out of 430 legislators present at the sitting voting in favour, the National Assembly (NA) approved a Resolution on state budget estimates for 2025 at its ongoing 8th session in Hanoi on November 13 morning.
Hanoi aims to exceed its 2024 state budget revenue target by over 10%, according to a directive signed by Chairman of the Hanoi People’s Committee, Tran Sy Thanh.
The state budget revenue in the first seven months of this year was estimated at 1.18 quadrillion VND (46.69 billion USD), equivalent to 68.9% of the yearly projection and up 14.6% year-on-year.
Total state budget revenue from import-export activities reached almost 165.7 trillion VND (nearly 6.63 billion USD) in the first five months of 2024, equivalent to 44.2% of the assigned estimate and marking 7.4% growth compared to the same period last year.
Prime Minister Pham Minh Chinh chaired a meeting in Hanoi on May 16 with ministries and agencies to discuss the coordination of fiscal and monetary policies aimed at maintaining macroeconomic stability, controlling inflation and promoting growth.
State budget revenue from exports and imports in the first quarter of this year reached 88.35 trillion VND (3.53 billion USD), equivalent to 26.3% of the estimate, and down 4.2% year-on-year, the General Department of Vietnam Customs reported on April 3.
The State budget revenue from export-import activities in the first two months of this year reached 56.42 trillion VND (2.35 billion USD), or 15% of the estimate, down 2.4% year on year, reported the General Department of Customs on March 4.
The total State budget revenue in the first two months of 2024 reached over 361.67 trillion VND (nearly 14.67 billion USD), equivalent to 24.3% of the projection for the whole year, and 112.9% compared to the figure recorded in the same period last year, the General Department of Taxation reported on March 1.
State budget revenue from exports and imports in January reached 30.64 trillion VND (1.25 billion VND), equivalent to 8.2% of the estimate, and up 13.2% year-on-year, the General Department of Vietnam Customs (GDVC) reported on February 6.
Eco-industrial parks are important to counter climate change, developing the green industry, ensuring energy security, and demonstrating the Government's political determination to sustainable development, said insiders.
The State budget collection from import-export activities topped 335.1 trillion VND (13.8 billion USD) during January – November, or 78.9% of the estimate, marking a year-on-year decrease of 16.8%, the General Department of Vietnam Customs said on December 6.
The Ministry of Finance (MoF) has continued to submit to competent authorities and promulgate according to its authority policies on exemption, reduction and extension of taxes, fees and charges in the spirit of accompanying businesses and people to overcome difficulties to recover and develop the economy.
The State budget revenue was estimated at over 1,223 trillion VND (50.8 billion USD) in the first nine months of this year, or 75.5% of the estimate, marking an annual decrease of 8.3%, according to the Ministry of Finance.
The total State budget revenue in the first eight months of this year topped 962 trillion VND (nearly 40 billion USD), equivalent to 70.1% of the estimate for the whole of this year and 93.9% compared to the figure in the same period last year, the General Department of Taxation reported on September 11.