Total State budget collection was estimated at over 1,803 trillion VND (76.6 billion USD) in 2022, equivalent to 127.8% of the estimate, up 15% year on year, reported the Ministry of Finance (MoF) on January 3.
Revenues from Vietnam's information technology (IT) sector in the first six months of 2022 were estimated at 72.5 billion USD, up 17.8% year on year, according to the Ministry of Information and Communications.
Revenues of the State budget in the first six months of this year stood at about 941.3 trillion VND (40.3 billion USD), equivalent to 66.7% of the yearly estimates, it was reported at the Finance Ministry’s review conference on July 7.
Retail and consumer service revenues enjoyed good growth in the first quarter of 2022, rising 4.4 percent from the same period last year to 1,318 trillion VND (57.55 billion USD), according to the General Statistics Office (GSO).
The industrial production value of the Mekong Delta province of Kien Giang is estimated to hit more than 4.33 trillion VND (191.42 million USD) in January, posting a month-on-month rise of 6.89 percent and up 9.48 percent from the same period last year.
Retail of goods has seen positive growth in the first ten months of this year, reported the Ministry of Industry and Trade (MoIT)’s Department of Domestic Markets.
Amidst difficulties caused by the COVID-19 pandemic, the export of agricultural and aquatic products to the EU still sees many bright signs as Vietnamese enterprises have directly exported fresh fruits to foreign partners.
Despite the COVID-19 pandemic, trade revenue between Vietnam and other ASEAN countries has still been on the rise, but much still needs to be done to fully capitalise on these neighbouring markets.
Despite the difficulties caused by the COVID-19 pandemic, shrimp exports by Mekong Delta provinces have increased remarkably this year thanks to efforts made by both authorities and businesses.
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.
Prime Minister Pham Minh Chinh has supported Ho Chi Minh City’s proposal to retain 23 percent of its budget revenues, up from the previous 18 percent, to create conditions for sustainable development.
As mining activities are seasonal and affected by the weather, revenue and profit of coal mining businesses have fluctuated continuously over the past 10 years.
Tax revenues from online advertising business models of foreign organisations that do not have legal entities in Vietnam like Google, YouTube or Facebook hit 1.14 trillion VND (49.5 million USD) last year, reported the General Department of Taxation.
Officers tasked with preventing fake goods, trade fraud and smuggling in Ho Chi Minh City and southern border provinces have been forced to work hard ahead of Tet (Lunar New Year), which falls on February 12 this year.
The financial sector expects to collect over 1.343 quadrillion VND (58.4 billion USD) for the State budget in 2021, equivalent to 15.5 percent of the country’s gross domestic product (GDP), said the Ministry of Finance.
Economic activities, trade activities in particular, in the northern province of Vinh Phuc have regained growth in October, with prices of goods and services remaining stable.
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.
Digiworld Corporation reported record quarterly revenues of nearly 2.6 trillion VND (112 million USD) in the second quarter, a 29 percent year-on-year increase.
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