State budget revenue in 2023 is projected at 1.62 quadrillion VND (68.5 billion USD), up 0.4% from 2022, according to a report on state budget, which was exclusively made for the public.
State budget revenue reached over 1.69 quadrillion VND (71.4 billion USD) as of December 15, exceeding the estimate by 19.8%, the Ministry of Finance announced at a conference in Hanoi on December 19.
The 11-month state budget revenue is estimated at nearly 1.64 quadrillion VND (67 billion USD), equivalent to 116.1% of the target and up 17.4% from a year earlier, the Ministry of Finance (MoF) announced on December 1.
The National Assembly (NA) has decided to raise the base salary for cadres, civil servants, and public employees to 1.8 million VND (72.5 USD) per month from July 1, 2023.
Budget revenue was forecast to be 14.3% higher than the plan this year but the structure lacked stability as the increase was mainly from land-related revenue.
The tax sector collected over 1.1 quadrillion VND (46.13 billion USD) for the State budget in the first nine months of this year, a year-on-year rise of 21.6%, and equivalent to 93.9% of the yearly estimate, according to the General Department of Taxation.
The General Department of Vietnam Customs announced on October 4 that its state budget revenue surpassed 328.83 trillion VND (13.77 billion USD) in the first nine months of 2022, up 14.7% year-on-year.
Ho Chi Minh City has collected more than 349.9 trillion VND (14.64 billion USD) in State budget revenue in the first nine months of this year, up 27.7% year-on-year, on the back of soaring revenue from real estate and crude oil, according to data from the municipal statistics office.
Quang Ngai should pay greater attention to planning, with priority given to promoting regional linkages and expanding connectivity between its Chu Lai Open Economic Zone (OEZ) and Dung Quat Economic Zone (EZ) as well as the Central Highlands, according to National Assembly Chairman Vuong Dinh Hue.
Hanoi collected around 167.68 trillion VND (7.18 billion USD) in budget revenue during the first seven months of this year, a year-on-year increase of 24.9%, which was higher than the national average of 17.6%, according to the Hanoi Customs Department.
The National Assembly (NA) Standing Committee on June 4 morning gave opinions on the implementation and capital allocation for tasks and projects under the programme on socio-economic recovery and development.
The State budget revenue from export and import reached 107.3 trillion VND (nearly 4.7 billion USD) in the first quarter of 2022, up 22.44 percent year on year.
Budget collection has become a bright spot of Ho Chi Minh City’s economy in 2021 when it surpasses the year’s target despite severe impacts of the COVID-19 resurgence.
The northern province of Vinh Phuc attracted 32 domestic investment projects with 16.4 trillion VND (723.3 million USD) in total capital and 54 foreign-invested ones worth totaling 994 million USD as of October 2021, up 110.2 percent and 122.7 percent year-on-year, respectively.
Total state budget collection in the first ten months of 2021 fulfilled about 90.9 percent of the estimate and was up 5.5 percent year-on-year, showed data released by the Ministry of Finance’s Department of State Budget.
The authorities in the northern province of Thai Binh have stepped up work in investment attraction and easing obstacles for firms in a practical and effective manner.
Total state budget revenue reached 912.1 trillion VND (39.74 billion USD) in the first seven months of 2021, equaling 67.9 percent of the estimate and up 15.6 percent year-on-year, data released by the Ministry of Finance on August 9 showed.
State budget revenue hit 781 trillion VND (34 billion USD) in the first half of 2021, equal to 58.2 percent of the estimate and up 16.3 percent year-on-year, according to the Ministry of Finance.
The budget revenue increased significantly in the first five months of this year thanks to recovery from 2020 and some sectors seeing strong growth, such as banking, securities, real estate and automobile industries, according to the General Department of Taxation.
Business
