Crude oil, SOEs dividends augment state revenue in July

The State budget revenue reached VND75.5 trillion (US$3.56 billion) in July thanks to crude oil sales and dividends from state-own enterprises.

Of the total revenue, domestic sector contributed VND51 trillion, up VND14.9 trillion over June.

The increase included business income tax payment that deadline fell in July and dividends and net profits of the state-own enterprises in the second quarter.

Crude oil sales were estimated at VND8.7 trillion in the month, when the price was up US$14 to reach US$112 per barrel. It hit VND63.5 trillion in seven months, accounting for 74.5 percent of estimates.

Budget expenditure reached VND92.7 trillion in July and VND585.89 trillion in seven months, up 11.7 percent over the same period last year.

By Ha My – Translated by Hai Mien

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