Hanoi’s budget collection climbs nearly 25% in seven months
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.
Hanoi (VNA) – 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-yearincrease of 24.9%, which was higher than the national average of 17.6%,according to the Hanoi Customs Department.
Theamount was equivalent to 59.5% of the city’s yearly plan.
Highestgrowth was reported in the banking sector, which exceeded 21.61 trillion VND, a93% surge from the same period last year. It was followed by revenue from securitiesbusinesses that hit over 2.1 trillion VND, up 74% year-on-year.
Revenuefrom real estate and construction totalled 5.59 trillion VND, up 37%.
Thedepartment has taken drastic measures to prevent revenue loss and at the sametime, enforce collection of all taxes owed, said Nguyen Tien Truong, DeputyDirector of the Hanoi Customs Department.
Sofar this year, it has collected close to 4.14 trillion VND in tax arrears, andcooperated with the municipal Department of Planning and Investment to revokebusiness registration certificates of 191 taxpayers who owed 559 billion VND in total,he added.
Hefurther noted that the department has been providing all possible conditions interms of administrative procedures for taxpayers to fulfill their obligations,given that many businesses have gone through various hardships caused byCOVID-19./.
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Illustration. (Photo: VNA)
