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Budget

State budget collection up 24.5% in first five months

State budget collection up 24.5% in first five months

Domestic tax revenue from goods and services in the first five months increased by 18.3 per cent over the same period last year. This is a fairly high increase, reflecting the positive recovery of production and business activities.
Sugary drink tax adds to burden on struggling businesses, industry insiders say

Sugary drink tax adds to burden on struggling businesses, industry insiders say

Many companies in the sector have reduced production by 20-30 per cent, leading to workforce cuts and lower incomes. Some businesses, despite having annual budgets in the billions of đồng, have been forced to close their doors.
PM gives directions on key measures to boost economic growth this year

PM gives directions on key measures to boost economic growth this year

To meet this year''s ambitious goals, the PM stressed boosting growth, stabilising the economy, controlling inflation and ensuring key economic balances.
State budget revenue up nearly 26 per cent in first two months

State budget revenue up nearly 26 per cent in first two months

The Ministry of Finance attributed the strong performance to solid economic growth in 2024, which drove up corporate income tax and value-added tax collections.
Tuyên Quang aims for 400 million in non-budget investment this year

Tuyên Quang aims for $400 million in non-budget investment this year

In the next few years, Tuyên Quang is dedicated to prioritising comprehensive development across various economic sectors, with industry as the primary driver, agriculture as the foundation and services playing a supportive role.
Tax revenue surpasses VNĐ1.7 quadrillion

Tax revenue surpasses VNĐ1.7 quadrillion

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.
State budget revenue increases by 16 per cent in 11 months

State budget revenue increases by 16 per cent in 11 months

Government spending in the last 11 months also increased, by 4.7 per cent, compared to the same period last year.
Budget revenue rises 13% in eight months

Budget revenue rises 13% in eight months

The country''s trade balance of goods had a surplus of $19.08 billion in the first eight months, 4.1 per cent lower than the same period last year.
Retailers contribute over 450 million to state budget in 2023

Retailers contribute over $450 million to state budget in 2023

Notable among this group were several of Việt Nam''s prominent retailers, including Masan Group, DOJI, Phú Nhuận Jewelry (PNJ) and Mobile World Investment Corporation.
Seventh-month state budget revenue nears 70 per cent of yearly projection

Seventh-month state budget revenue nears 70 per cent of yearly projection

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.
Ten private lenders contribute over VNĐ36.8 trillion to State budget

Ten private lenders contribute over VNĐ36.8 trillion to State budget

These banks injected more than VNĐ1 trillion each to the state budget last year.
MoF strives to collect budget revenue exceeding estimates

MoF strives to collect budget revenue exceeding estimates

State budget revenue has reached 68.5 per cent of the estimate as of mid-July, a year-on-year increase of about 15 per cent.
H1 State budget revenue increases over 17%: MoF

H1 State budget revenue increases over 17%: MoF

More than VNĐ1 quadrillion (US$40.9 billion) was collected for the State budget in the first half of 2024, equivalent to 61 per cent of this year’s target and up 17.7 per cent from a year earlier, reported the Ministry of Finance (MoF).
Budget collection from exports-imports up 8.4 per cent in H1

Budget collection from exports-imports up 8.4 per cent in H1

State budget collection from Việt Nam’s export-import activities reached VNĐ200.46 trillion (US$8.35 billion) in the first half of 2024, equivalent to 53.5 per cent of the target.
Việt Nams budget revenue surpasses targets in first half of 2024

Việt Nam's budget revenue surpasses targets in first half of 2024

In 2024, total tax deferrals and land rent deferrals, including VAT, corporate income tax, personal income tax, and special consumption tax on domestically produced or assembled cars, are projected to reach approximately VNĐ92.5 trillion.