HCM City’s budget collection exceeds target by 22%
Ho Chi Minh City’s total budget collection topped 471.5 trillion VND (nearly 20 billion USD) as of December 28, or equivalent to 121.99% of the estimate and up 23.6% year on year, reported Director of the municipal Department of Finance Le Duy Minh at a conference on the same day.
HCM City (VNA) – HoChi Minh City’s total budget collection topped 471.5 trillion VND (nearly 20 billionUSD) as of December 28, or equivalent to 121.99% of the estimate and up 23.6% year on year, reported Directorof the municipal Department of Finance Le Duy Minh at a conference on the sameday.
Notably, revenue from export-import reached over141.4 trillion VND𓆏, equivale✃nt to 121.4% of the estimate.
The city's total expenditure surpassed 72.39 trillion VND, equivalent to 72.6% of theestimate. Of which, over 29.47 trillion VND was for development and more than40.21 trillion VND for regular spending, equivalent to 82.6% of the estimate, he said. Speakingat the event, Chairman of the municipal People’s Committee Phan Van Mai attributedsuch results to the city's good control of COVID-19 since early this year which created favourable conditions forenterprises to do business, increase in export turnover and deposits in bankswhich showed health and resilience of its economy. For tasks next year, he requested improving the quality of public servicesand speeding up administrative reforms to create a pro-business environment.
Illustrative image (Photo: VNA)
He also reminded authorities to accelerate the disbursement of over 72 trillionVND in public investment, and pooling all possible resources for the city’s development. On the occasion, themunicipal People’s Committee presented certificates of merit to 66 districts,agencies and businesses in honour of their contributions to the local budgetrevenues, including 29 enterprises that paid over 1 trillion VND in taxes./.
The total State budget collection in the first eight months of this year has been estimated at 1.2 quadrillion VND (51.3 billion USD), equivalent to 85.6% of the annual target, according to the Ministry of Finance.
State budget collection in the January-September period was estimated at over 1.32 quadrillion VND (55.9 billion USD ), reaching 94% of the yearly target, and up 22% from the same period last year, according to Deputy Finance Minister Nguyen Duc Chi.
Budget collection from import-export activities topped 362.4 trillion VND (14.57 billion USD) in the first 10 months of this year, equivalent to 86.3% of the set target and up 14.6% year-on-year, according to the General Department of Customs.
Vietnam’s budget collection in the first 10 months of this year stood at 1.46 quadrillion VND (58.7 billion USD), surpassing the estimate by 3.7%, and up 16.2% year-on-year, the Ministry of Finance reported.
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In Ho Chi Minh City (Photo: VNA) 
Illustrative image (Photo: VNA) 
