The result was attributable to the effective implementation of support policies for people and enterprises, the positive H1 GDP growth of 6.42%, and a six-month inflation rate of 4.08% with the core inflation rising only 2.75% year on year.

The MoF has assisted enterprises and tax payers under the policies approved by the National Assembly and Government, Minister Ho Duc Phoc told the ministry’s meeting on July 15, noting that the extension of payment deadlines and the reduction of taxes, fees, charges, and land use levy worth up to 184 trillion VND have been carried out amid economic and public finance difficulties.

He stressed that in the time ahead, more thorough measures are needed to aid businesses and step up public investment disbursement so as to fuel growth and enterprise development, thereby fostering revenue sources for the State budget.

The minister asked the entire financial sector to invest efforts in removing institutional obstacles as well as other difficulties facing enterprises and people to facilitate production and business activities, and also help with socio-economic recovery and development.

To reach and surpass the budget revenue target, Phoc ordered the sector to enhance collection management, prevent losses, deal with tax arrears, strengthen the fight against smuggling and trade frauds, and address hindrances to public investment disbursement.

He particularly emphasised the need to accelerate digital transformation in tax collection and enhance the management of e-commerce transactions and foreign suppliers.

Besides, the official also requested continued efforts to perfect the legal framework and examination mechanisms to ensure stable and safe operations, along with transparent and efficient development of the financial, stock, and corporate bond markets.

5 businesses earn revenue of over 15 trillion VND

BAC GIANG – Since the beginning of this year, Bac Giang province has had 5 businesses earning revenue of over 15 trillion VND (636.4 million USD). 

Budget revenue from export-import up 7.4%

Vietnam’s budget revenue from export and import activities in the first five months of 2024 was estimated at 165,696 billion VND (6.5 billion USD), up 7.4% over the same period last year, according to the General Department of Customs.

Government revenue reaches 898 trillion VND in five months

Vietnam’s government revenue in the first five months of 2024 reached 898 trillion VND (35.3 billion USD), up 15% over the same period last year and equivalent to 53% of the full-year target, according to the Ministry of Finance.

Bac Giang earns revenue of over 36.3 million USD from fishery production

BAC GIANG – Thanks to favorable weather conditions, good production and disease prevention, the aquatic herds in Bac Giang province has well grown for 5 months of this year. 

Tax sector witnessed 10.7% increase in State budget revenue in first four months

Total State budget collection in the first four months of this year was estimated at 640.29 trillion VND (25.20 billion USD), equivalent to 43% of the yearly projection, representing a year-on-year rise of 10.7%, according to the General Department of Taxation.

Source: VNA