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.
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.
Ho Chi Minh City’s State budget collection is estimated to hit 174.6 trillion VND (7.57 billion USD) during January-May, equivalent to 49 percent of the yearly estimates and up 22.8 percent year-on-year.
The State budget revenue was estimated at 543.4 trillion VND (over 23.7 billion USD) in the first four months of 2021, equivalent to 40.5 percent of the estimate and up 7.3 percent from a year earlier, said the Ministry of Planning and Investment (MPI).
Keeping the coronavirus at bay and sustaining economic achievements are now of the first importance to the government and the political system, from central to local levels, due to the complexity of the latest COVID-19 outbreak, Minister-Chairman of Government Office Tran Van Son told the monthly Government press conference on May 5.
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.
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.
Ho Chi Minh City is likely to meet the year’s target for budget revenue of 365 trillion VND (15.86 billion USD) assigned by the central government, a city official said at a recent online Government meeting.
State budget collections in Ho Chi Minh City in January were estimated at 42.47 trillion VND (1.84 billion USD), 11.6 percent of the estimate and up 2.9 percent year-on-year, according to the municipal Statistics Office.
More than 1.48 quadrillion VND (64.2 billion USD) was collected for the State budget in 2020, equivalent to 98 percent of the target, according to the Ministry of Finance.
State budget revenue has reached over 1.3 quadrillion VND (59.5 billion USD) so far this year, representing 91.14 percent of the annual estimate, according to the Deputy General Director of the State Treasury, Nguyen Quang Vinh.
State budget revenue in the first 11 months of this year fell 7.8 percent year-on-year to just over 1.26 quadrillion VND (54.58 billion USD), the Ministry of Finance reported on December 8, blaming the economic fallout from COVID-19 for the decline.
The southern province of Binh Duong attracted about 1.7 billion USD of foreign direct investment (FDI) in the first 10 months of this year, exceeding the goal set for the whole year by 19 percent.
The COVID-19 pandemic will continue to weigh on socio-economic development and State budget in 2021 and the years that follow, Minister of Finance Dinh Tien Dung said.
The State budget revenue of the northern port city of Hai Phong is expected to reach over 98.2 trillion VND (over 4.2 billion USD) in 2020, including 63 trillion VND from export-import activities and over 35.2 trillion VND from domestic collection.
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