State budget collection from export-import activities reached VND56.3 trillion (US$2.37 billion) in the first two months of 2023, or 13.3 per cent of the year’s plan, down 19.4 per cent year-on-year, according to data from the General Department of Customs.
Tax incentives had led to a decrease in State revenue in Viet Nam over recent years, said Nguyen Duc Thanh, director of the Viet Nam Institute for Economic and Policy Research (VEPR).
Viet Nam’s laws about transfer pricing remain inconsistent and have many loopholes, causing great loss of State revenue, speakers said on Thursday at a meeting held in Ha Noi.
State revenue for 2015 will likely rise above expectations by VND17.4
trillion (US$790.9 million) while the budget deficit will likely be
VND31 trillion ($1.4 billion) smaller than previously expected
