State budget collection was estimated to exceed 276.66 trillion VND (12.11 billion USD) in the first two months, up 7.7 percent from the same period last year, according to the General Department of Taxation.
Surging crude oil prices and earnings from real estate have pushed up Ho Chi Minh City’s state budget collection by nearly 15 percent in the first two months of 2022, as compared with the corresponding time last year.
State budget collection in 2022 is expected to reach over 1.41 quadrillion VND (61.7 billion USD), while expenditure is estimated at about 1.78 quadrillion VND (78.05 billion USD), up 4.5 percent compared to that in 2021, according to a report on State budget estimates for 2022 that has been made public by the Ministry of Finance.
Hanoi’s Gross Regional Domestic Products (GRDP) was estimated to increase by 6.69 percent in the fourth quarter of 2021, and by 2.92 percent in the whole year, the municipal Department of Planning and Investment reported.
As of the beginning of December, Hanoi collected over 255 trillion VND (11.12 billion VND) for the State budget, surpassing the target set by the government by 8.3 percent.
Minister of Finance Ho Duc Phoc on November 12 answered National Assembly deputies’ questions related to fiscal policies, State budget collection, public debts and budget overspending.
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.
Vietnam is facing new and greater difficulties and challenges, requiring the country to promote the tradition of great national solidarity to overcome this tough time, stated National Assembly Chairman Vuong Dinh Hue at the opening of the 15th NA’s second session in Hanoi on October 20.
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.
The 15th National Assembly adopted a resolution on the national financial plan and public debt borrowing and payment for the 2021-2025 period on July 28 during the ongoing first session in Hanoi.
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.
State budget collection was estimated to reach 98.6 trillion VND in May, pushing total revenue in the first five months of 2021 to 667.9 trillion VND (nearly 29 billion USD), equivalent to 49.7 percent of the yearly estimate, up 15.2 percent year on year, the Ministry of Finance has reported.
Hanoi’s export value was estimated at 5.89 billion USD in five months of this year, up 8.1 percent annually, reported the municipal People’s Committee.
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.
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.
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.
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