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).
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 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...
State budget revenue from exports and imports in the first quarter of this year reached VNĐ88.35 trillion (US$3.53 billion), equivalent to 26.3% of the estimate, and down 4.2% year-on-year, the General Department of Vietnam Customs reported on April 3.
The State budget revenue from export-import activities in the first two months of this year reached VNĐ56.42 trillion (US$2.35 billion), or 15% of the estimate, down 2.4% year on year, reported the General Department of Customs.
As of the late September, about VNĐ49.6 trillion in taxes were exempted and reduced while around VNĐ102.9 trillion had their payment deadlines extended.
The domestic economy was expected to continue recovery track but the inflation, increasing product costs, supply chain risks, weakening global demand, policies adjustments of major economies and major trade partners, natural disasters would pressure on the implementation of budget revenue...