Of the total, collection from crude oil was about 21.23 trillion VND, equal to 46.2% of the projection and equal to that in the same period last year while domestic collection was estimated at 619.06 trillion VND, 43% of the projection and up 11% over the same period last year, the department reported.

Particularly, domestic tax and fee collection was 478.43 trillion VND, up 7% year-on-year.

The General Department of Taxation said that 25 out of the 63 localities completed over 40% of the State budget projection for this year, while 26 others finished 30-40% of the plan and 12 reported under 30%.

In the Jan-April period, the total amount of tax and land rent exempted or reduced was about 25.5 trillion VND.

The department said that policies on exemption and reduction of taxes, fees, charges, and land rental have helped promptly remove difficulties for businesses and people, contributing to ensuring macroeconomic stability, controlling inflation, and supporting production and business recovery.

It said that in the rest of the year, the tax sector will keep a close eye on the domestic and world economic developments, analysing the impact of fiscal and monetary policies that other countries applied on the health of domestic enterprises, thus warning of the risks and giving advice to the Ministry of Finance and the Government, on responding measures to ensure the State budget revenue for the whole year.

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Vietnam posts over $10B in four-month tourism revenue

Vietnam's tourism sector served over 6.2 million foreign visitors and 40.5 million domestic tourists in the first four months of this year, earning VND271.4 trillion (US$10.7 billion) in revenue, according to Vietnam National Authority of Tourism.

Vietnam posts 271.4 trillion VND in four-month tourism revenue

Vietnam’s tourism sector served over 6.2 million foreign visitors and 40.5 million domestic tourists in the first four months of this year, earning 271.4 trillion VND (nearly 10.7 billion USD) in revenue, according to the Vietnam National Authority of Tourism (VNAT).

Source: NDO