Việt Nam’s tax sector has collected a record-high revenue of VNĐ1.7 quadrillion (US$66.7 billion) for the state budget in 2024, the General Department of Taxation reported at a conference on December 19.
With the rapid growth of the e-commerce market, tax revenue from this sector reached about VNĐ108 trillion (US$4.25 billion) in the first 11 months of 2024.
Revenue from personal income tax and registration fees associated with real estate transactions in HCM City has surged by 50 per cent to reach over VNĐ6.54 trillion (US$257.6 million) in the first nine months, according to data from tax authorities.
The company recorded positive results in the first nine months of 2024, in spite of risks and challenges in the world economy, increasing strategic competition, trade and technology protection among countries and high inflation and interest rates.
The hotel market is experiencing impressive growth with significant Revenue Per Available Room improvements, according to hospitality advisory and investment Savills Hotels.
The tourism sector of Hà Nội reported total revenue during the 4-day National Day holiday at VNĐ2.2 trillion (US$89.4 million), just behind HCM City with VNĐ3 trillion.
State budget revenue was estimated at VNĐ1.18 quadrillion (US$46.7 billion) in seven months, or 68.9 per cent of the annual target, up 14.6 per year-on-year.