Under the resolution, central budget revenue is targeted at nearly 1.776 quadrillion VND, while local budget revenue at nearly 1.559 quadrillion VND next year.
The State budget revenue of Hanoi as of December 28 topped 405.2 trillion VND (nearly 16.7 billion USD) or 114.8% of the projection, up 23.8% compared to the same period last year, according to the municipal Department of Finance.
State budget collection was estimated at 220.5 trillion VND (nearly 9.57 billion USD) in the first two months, equivalent to 16.4 percent of the year’s estimate, according to the General Statistics Office.
Collection of the State budget between 2016 and 2020 is expected to meet the target of 6.8 quadrillion VND (nearly 293 billion USD), the Ministry of Finance (MoF) reported on October 21.
Ho Chi Minh City’s gross regional domestic product grew by 7.76 percent in the first half of this year, higher than the same period in the past two years.
Budget revenues were estimated at 280.9 trillion VND (12.4 billion USD) in Q1, up 15.2 percent compared to the same period in 2016 and meeting 23.2 percent of the annual estimate,.