Of this, domestic revenue hit VND503.8 trillion, fulfilling 39.9% of the year’s target. Revenue from crude oil reached VND20.2 trillion, equivalent to 57.5% of the year’s plan, while State budget collections from exports reached VND82.8 trillion, accounting for 39.8% of the year’s target.

The total revenue of the State budget has reached over VND607.1 trillion (over US$26.17 billion) in the first six months of 2020.

Domestic revenue collected from State-owned enterprises reached VND59 trillion, 33.2% of the estimate, while budget collection from foreign-invested enterprises (excluding crude oil) reached VND86.7 trillion, fulfilling 37.9% of the 2020 target; in addition to VND59.3 trillion collected from personal income tax, accounting for 46.1% of the year’s plan.

Total State budget expenditure in the first six months of the year was estimated at VND676.2 trillion, 38.7% of the yearly estimate. Of this, recurrent expenditure reached VND475.1 trillion, fulfilling 45% of the estimate.

Development and investment expenditure reached VND140.3 trillion, or 29.8% of the estimate.

Businesses develop, budget revenue increases

(BGO) – Bac Giang province is now home to thousands of operating businesses. Among them are many excellent production and business units that have well fulfilled tax duties and been commended and rewarded by the tax sector for many consecutive years.

Budget collection hits nearly 518 trillion VND in four months

Nearly 518 trillion VND (22.23 billion USD) was collected towards the state budget in this year’s first four months, completing 36.7 percent of the yearly target and representing a year-on-year rise of 13.9 percent, reported the Ministry of Finance.

Hoi An ancient town among world’s most budget-friendly destinations

  

State budget collection forecast to surpass 60 billion USD in 2019

The National Assembly has issued a resolution on State budget estimates for 2019, in which total State budget collection will likely reach over 1.411 quadrillion VND (60.67 billion USD), while the total spending will hit more than 1.633 quadrillions VND.

Source: NDO