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.
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.
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.
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.
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.
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).
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.
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.
Total state budget revenue from import-export activities reached almost VNĐ165.7 trillion (nearly US$6.63 billion) in the first five months of 2024, equivalent to 44.2 per cent of the assigned estimate and marking 7.4 per cent growth compared to the same...
Total State budget collection in the first four months of this year was estimated at VNĐ640.29 trillion (US$25.20 billion), equivalent to 43 per cent of the yearly projection, representing a year-on-year rise of 10.7 per cent, according to the General...