State budget revenues managed by tax agencies reached 562.36 trillion VND (24.48 billion USD) in the first five months of 2021, equivalent to 50.4 percent of the yearly estimate and up 11.9 percent year-on-year.
Vinh Phuc has reaped success in attracting foreign direct investment (FDI) for many years, and the source of FDI capital has become a driver of economic growth in the province.
The National Assembly on June 19 passed a resolution on reducing corporate income tax in 2020 for enterprises, cooperatives, public non-production agencies and other organisations, with 91.1 percent of votes.
More than 3,000 business households were dissolved or suspended their operations in Hanoi in the first two months of this year due to the impact of the COVID-19 outbreak.
Prime Minister Nguyen Xuan Phuc asked the Finance Ministry to take prompt measures to collect revenues for the State budget from the beginning of the year at a teleconference in Hanoi on January 6.
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