Vietnam’s State Budget Collection In Four Months Reached 43 Percent Of Yearly Target

Vietnam’s State Budget Collection In Four Months Reached 43 Percent Of Yearly Target

HANOI, May 8 (NNN-VNA) – Vietnam posted a budget collection of 640.29 trillion Vietnamese dong (25.20 billion U.S. dollars), in the first four months of this year, equivalent to 43 percent of the yearly projection, the General Department of Taxation, was quoted as reporting.

The collection represented a year-on-year rise of 10.7 percent, according to the report.

Of the total, collection from crude oil was about 21.23 trillion dong, equal to 46.2 percent of the projection and equal to that in the same period last year.

Domestic collection was estimated at 619.06 trillion dong, 43 percent of the projection and up 11 percent over the same period last year, said the department.

According to the department, in the rest of the year, the tax sector will show stronger performance, in implementing support packages to help businesses remove difficulties and create sustainable income sources for the state, while designing new packages. (1 VND equals 0.000039 USD)– NNN-VNA

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