Hanoi reports 23 per cent increase in budget collection
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 per cent from the same period in 2022, the highest increase for the period in the 2012-2023 period.
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According to the city’s statistics agency, the figure represents 62.4 per cent of the yearly estimate. High increases were seen in domestic revenue and revenue from crude oil, at 25.7 per cent and 34.4 per cent, respectively.
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| Hanoi reports a 23 per cent increase in the budget collection. |
Domestic revenue totalled 207.2 trillion VND, accounting for 64 per cent of the yearly estimate, while revenue from crude reached 1.7 trillion VND, 79.9 per cent of the estimate.
The State-run business sector contributed 41.6 trillion VND to the State budget, up 39.5 per cent year on year, the foreign-invested sector 13.7 trillion VND, up 22.2 per cent, and the non-state sector 43 trillion VND, up 7 per cent. The collection of personal income tax was reduced by 0.6 per cent to 21.3 trillion VND.
Meanwhile, revenue from import-export activities dropped 13.4 per cent to 11.3 trillion VND. The city’s budget spending in the period was estimated at 39.8 trillion VND, up 26.8 per cent year on year and equal to 37.8 per cent of the yearly estimate.
Of the amount, 14.6 trillion VND was spent on development investment, a yearly increase of 35 per cent, and 25.2 trillion VND was regular expenditure, up 24.4 per cent.
(Source: VNA)
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