Hanoi recorded strong performance in five-month revenue from domestic sources, which reached 346.9 trillion VND to account for 73.2% of the annual target and mark a 55.4% year-on-year increase.
Despite numerous challenges in 2024, Ho Chi Minh City's economy still record a commendable growth rate of 7.17%, heard a conference held on December 26 to review local socio-economic development achievements for 2024 and set the tasks for 2025.
Prime Minister Pham Minh Chinh has signed an official dispatch, urging the acceleration of state budget collection, particularly from land-related sources, in the final month of 2024, aiming to achieve the highest possible state budget revenue, laying a strong foundation for successfully implementing socio-economic tasks for 2025 and the 2026-2030 period.
Indonesian Finance Minister Sri Mulyani Indrawati said on November 14 that the government will raise value added tax (VAT) in January next year to ensure national budget revenue.
The budget revenue of the northern port city of Hai Phong totaled nearly 96.2 trillion VND (3.8 billion USD) in the first 10 months of 2024, up over 29% year-on-year, equivalent to more than 90% of the target set by the municipal People's Council.
State budget revenue from import-export activities in the first nine months of 2024 reached more than 306 trillion VND (12.4 billion USD), accounting for 81.7% of the set target and increasing 13.5% from the same period last year, the General Department of Vietnam Customs (GDVC) has reported.
More than 1.038 quadrillion VND (40.9 billion USD) was collected for the State budget in the first half of 2024, equivalent to 61% of this year’s target and up 17.7% from a year earlier, reported the Ministry of Finance (MoF).
Despite the global economic downturn, Vietnam remained a silver lining in the world in 2023 with a GDP growth of 5.05%, becoming one of the fastest growing economy in the region and the world, Minister-Chairman of the Government Office Tran Van Son said at a press conference on January 5.
Secretary of Hanoi Party Committee Dinh Tien Dung has urged the administration of Lao capital Vientiane to continue to realise cooperation agreements with Hanoi, stressing that Hanoi-Vientiane relations should be a model for other localities of both nations to follow.
The total State budget collection in the first eight months of this year was estimated at over 1,124 trillion VND (46.83 billion USD), or 69.45% of the estimate, down 8.8% year-on-year, according to the Ministry of Finance (MoF).
Hanoi’s budget revenue is estimated at 253.2 trillion VND (10.6 billion USD) in the first seven months of this year, equal to 71.7% of the yearly estimate, and up 20.8% year-on-year, according to the municipal People’s Committee.
An estimated 362.3 trillion VND (nearly 15.3 billion USD) was collected for the state budget in the first two months of 2023. The total is equivalent to 22.4% of the year’s target and up 10.6% from a year earlier, the Ministry of Finance reported on March 3.
Budget revenue was forecast to be 14.3% higher than the plan this year but the structure lacked stability as the increase was mainly from land-related revenue.
Quang Ngai should pay greater attention to planning, with priority given to promoting regional linkages and expanding connectivity between its Chu Lai Open Economic Zone (OEZ) and Dung Quat Economic Zone (EZ) as well as the Central Highlands, according to National Assembly Chairman Vuong Dinh Hue.
Hanoi collected around 167.68 trillion VND (7.18 billion USD) in budget revenue during the first seven months of this year, a year-on-year increase of 24.9%, which was higher than the national average of 17.6%, according to the Hanoi Customs Department.
The National Assembly (NA) Standing Committee on June 4 morning gave opinions on the implementation and capital allocation for tasks and projects under the programme on socio-economic recovery and development.
