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.
Hanoi’s budget revenue estimated at 253.2 trillion VND (10.6 billion USD) in the first seven months of this year (Photo: VNA)
Hanoi (VNA) ꦅ– 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.
Of the total, domestic revenue totalled 238.3 trillion VND, up 23.5%, while revenue from crude reached 1.9 trillion VND, up 12.9%, and that from import and export activities 13 trillion VND, down 12.9%.
In the period, the State-run business sector contributed 49.9 trillion VND to the budget, up 37% year-on-year, the foreign-invested sector 17.1 trillion VND, up 23.1%, and the non-State sector 48.9 trillion VND, up 6.8%. Collection of personal income tax rose by 0.3% to 24.7 trillion VND.
Illustrative image (Photo: VNA)
Meanwhile, the capital city’s budget spending in the period was estimated at 45.7 trillion VND, up 26.4% year-on-year and equal to 43.5% of the yearly estimate.
Of the amount, 18.8 trillion VND was spent on development investment, a yearly rise of 53.1%, and 26.9 trillion VND was regular expenditure, up 14.2%.
In Jan-Jul, the total mobilised capital of credit institutions in the city was estimated at 4.98 quadrillion VND, up 0.31% against the previous month and 2.6% compared to that at the end of 2022.
The total credit outstanding balance reached 3.06 quadrillion VND, a month-on-month increase of 0.58% and up 4.18% compared to that in late 2022./.
The State budget's revenues from export-import activities totaled 183.74 trillion VND (over 7.74 billion USD) in the first six months of this year, making up 43.23% of the estimate, down 19.19% year-on-year, the General Department of Vietnam Customs (GDVC) reported on July 5.
The state budget revenue stood at 875.8 trillion VND (37 billion USD) in the first half of 2023, equivalent to 54% of this year’s target, reported the Ministry of Finance (MoF).
Hanoi collected an estimated 220.1 trillion VND (approximately 9.3 billion USD) for the State budget in the first six months of this year, up nearly 23% from the same period in 2022, the highest increase for the period in the 2012-2023 period.
The disbursed capital sourced from the state budget topped 291 trillion VND (12.3 billion USD) in the first seven months of 2023, equivalent to 41.3% of the yearly target and rising 22.1% from a year earlier, showing an observable improvement in public investment disbursement, said the General Statistics Office (GSO).
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Hanoi’s budget revenue estimated at 253.2 trillion VND (10.6 billion USD) in the first seven months of this year (Photo: VNA)
Illustrative image (Photo: VNA)
