Saturday, November 18, 2017 - 13:37:31

domestic collection

State budget collection up 13 percent

Business

State budget collection up 13 percent

Total State budget collection in the first eight months of this year was estimated at 762.8 trillion VND (33.4 billion USD), an increase of 12.8 percent over the same period last year.

Budget revenues up 15 percent in Q1

Business

Budget revenues up 15 percent in Q1

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,.

Ministry proposes tax hike on petroleum

Business

Ministry proposes tax hike on petroleum

The Ministry of Finance has proposed, in a draft law, almost tripling the environmental protection tax on oil and gas consumption from the current 3,000 VND (0.13 USD) to 8,000 VND per litre. The draft will be submitted to the Government for approval in June and the National Assembly in October.

Budget to meet 2015 estimates

Business

Budget to meet 2015 estimates

A continuous improvement in domestic revenue collection (excluding collection from crude oil) in the last months of the year will help the country meet the State budget estimates for 2015.

Q1 budget revenue: positive signs for rest of year

Business

Q1 budget revenue: positive signs for rest of year

State budget collection in the first quarter of 2014 recorded a significant increase of nearly 16 percent over the same period last year, creating favourable conditions to implement budget spending, ensure a balanced budget and maintain macroeconomic stability.