The PetroVietnam Exploration Production Corporation (PVEP), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), contributed nearly 2.3 trillion VND (99.8 million USD) to the State budget in the first four months of 2021, or 43 percent higher than the set plan.
Prime Minister Pham Minh Chinh has told the Finance Ministry to reform the mindset on policy building in the direction of mobilizing resources from all sources and using all resources in an effective and economical manner.
The export and import of goods and services via the Lao Cai international border gate stood at nearly 950 million USD in the first quarter of this year, up 75 percent year-on-year.
The Vietnam Oil and Gas Group (PetroVietnam) contributed more than 19.02 trillion VND (823.7 million USD) to the State budget in the first three months of 2021, a 3 percent increase against the same period last year and 18 percent higher than its quarterly plan.
The PetroVietnam Exploration Production Corporation (PVEP), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), has surpassed all of its business goals in the first quarter of 2021, with contribution to the State Budget particularly 41 percent higher than the year’s plan.
State budget collections managed by tax agencies were estimated at 347.34 trillion VND (15.02 billion USD) in the first quarter of this year, equal to 31.1 percent of the estimate and down 1.2 percent year-on-year, according to the General Department of Taxation.
The State budget revenue in the first quarter totalled 403.7 trillion VND (about 17.5 billion USD), equivalent to 30.1 percent of this year’s target and up 0.3 percent from a year earlier, the Ministry of Finance (MoF) said on March 29.
Vietnam’s largest refining and petrochemical firm, Binh Son Refining and Petrochemical JSC (BSR), exceeded both of its production and financial targets in the first quarter of this year.
The People’s Committee of the northern province of Bac Giang has rolled out measures to bolster State budget collections by 16-18 percent in 2021-2025.
A total of 600 billion VND (25.9 million USD) was allocated from the State budget during the 2016-2020 period to 38 cities and provinces to upgrade and repair drug detoxification facilities, the Ministry of Labour, Invalids and Social Affairs (MoLISA) announced on March 12.
A total of 502.9 billion VND (21.8 million USD) is to be officially added to the 2021 State budget expenditure estimate serving COVID-19 prevention and control efforts.
State budget collections were estimated at 286.7 trillion VND (12.4 billion USD) during January and February, or 21.3 percent of the annual estimate and up 0.6 percent year-on-year, the Ministry of Finance reported on March 8.
Nearly 246.449 trillion VND (over 10.7 billion USD) in taxes was collected for the State budget in the first two months of 2021, equivalent to 22.1 percent of the estimate, according to the General Department of Taxation.
State budget collection from import-export activities reached 54.76 trillion VND (2.37 billion USD) in the first two months, or 17.38 percent of the estimate and a year-on-year rise of 7.53 percent, according to the General Department of Vietnam Customs.
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.
Businesses may have several additional months before they have to pay income tax and land-use fees, per a proposal from the Ministry of Finance (MoF) to the Government.
Public investment disbursement has been accelerated since the opening days of the year as it continues to be seen as an important driving force of economic growth this year, the Dau tu (Vietnam Investment Review) newspaper reported.
Vietnam’s GDP growth in the first quarter of 2021 is forecast to come in at 4.46 percent; 0.66 percentage points below the target set in the Government’s Resolution No 01 in a scenario where the COVID-19 pandemic is controlled during the quarter.
Amid the complex developments of the COVID-19 pandemic in Vietnam, ministries and localities are urgently implementing action programmes to sustain economic growth while keeping the disease at bay.
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