State budget collects VNĐ400 trillion in four months

Budget collection reached nearly VNĐ400 trillion in the first four months. - Photo cafef.vn

HÀ NỘI — Nearly VNĐ396.5 trillion (US$17.6 billion) was collected for the State budget in the first four months of this year.

The figure represented a rise of 17.8 per cent over the same period last year, statistics of the Ministry of Finance showed.

Collected budget in the January-April period was equivalent to 32 per cent of the estimate for the full year.

From the beginning of this year, tax and customs agencies hastened collection of tax arrears, enhanced prevention of tax invasions and quickened administrative reforms to create favourable conditions for businesses and taxpayers.

According to statistics, inspection of nearly 13,900 enterprises in the four-month period helped collect an additional amount of more than VNĐ5 trillion.

The customs watchdog was also hastening evaluation of the impact of participation in free trade agreements on budget collection as part of its effort to prepare policies.

Spending up by 9.8 per cent

Budget spending in the first four months of this year totalled VNĐ393.4 trillion, or 28.3 per cent of the estimated figure for the full year, up 9.8 per cent over the same period last year.

The finance ministry said budget expenditure in the period was in accordance with the estimate as well as the implementation progress of State-capital sourced projects and social and national security. — VNS

Tags spending Budget collection

Bank stocks drive market gains as VN-Index closes final Friday of 2024 on a positive note

Economy

MoF proposes exit bans for individuals owing over $2,000 in taxes

Economy

Petrovietnam's impressive recovery shows resilience and strategic management

Economy

Tân Vũ Port handles one million TEUs for the fourth consecutive year

Economy

Petroleum firms asked to promote selling of biofuel

Economy

Việt Nam becomes second biggest garment exporter globally

More on this story

Economy

VN firms attend Algeria trade fair

Four Vietnamese enterprises are participating in the 50th International Trade Fair in Algeria’s Algiers to advertise domestic agricultural products, souvenirs, textiles and garments.

Economy

Hi-quality human resource deal for hospitality sector

The Empire Group and local universities and colleges on Tuesday inked an agreement on manpower training in the hospitalty sector to meet the demand for 10,000 jobs in 2020.

Economy

VN eyes 4th technical revolution

The Vietnamese mechanical industry will have more opportunities to improve their competitiveness if they apply technologies to meet the standards of the so-called fourth industrial revolution, experts have said.

Economy

VN’s sugar inventory reaches record high in April

Total sugar inventory at factories and trading companies by the end of April reached record high in the history of local sugar industry, according to the Việt Nam Sugar Cane and Sugar Association.

Economy

Bank profits still mainly depend on lending

Profits of commercial banks, including large-sized entities, continue to depend mainly on lending, making it difficult to achieve sustained growth.

Economy

VN firms lack talent strategies

Multinational companies focus on building talent management strategies right from the early stage of their businesses, but many of their Vietnamese counterparts do not, a seminar heard in HCM City yesterday.

Economy

Private investment up in 2017

Grant Thornton Vietnam Limited’s (Grant Thornton) 16^th survey on the private equity sector in Việt Nam showed largely positive responds about national economy progress and optimism for the country’s level of investment attraction.

Economy

Executives snap up shares after positive information

Many managing executives have registered to buy large amounts of shares of their firms in recent days following the release of positive business information.