Ho Chi Minh City’s State budget revenue enjoys year-on-year rise of 22.8%

Monday, 2021-05-31 15:31:58
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NDO/VNA – Ho Chi Minh City’s State budget collection is estimated to hit VND174.6 trillion (US$7.57 billion) during January-May, equivalent to 49 percent of the yearly estimates and up 22.8% year-on-year.

The figure also represented a rise of 5.7% compared to that of the same period of 2019 when the COVID-19 pandemic had yet to break out around the world.

Of the total, domestic revenue in the city was estimated at VND123.69 billion, equal to 49.8% of the estimates and accounting for 70.8% of the total and up 21.1% over the same period. Revenue from import-export activities is estimated at VND50.9 trillion, equal to 47.1% of the estimates and up 27.3% year-on-year. Revenue from crude oil is estimated at VND5.86 trillion, equal to 68.6% of the estimates and up 3.2% year-on-year.

Meanwhile, local budget revenue in the period is estimated at VND34.18 trillion, accounting for 19.6% of the total collection, equivalent to 41.6% of the estimates and up 7.5% year-on-year.

This year, the largest city of Vietnam is assigned to collect VND364.89 trillion for the State budget, down 10.1% from the 2020 estimates and 1.7% compared to last year’s real revenue.