State Budget revenue posts poor growth

Data from the Ministry of Finance showed that from the beginning of this year until July 15, budget revenue was estimated at VND381.7 trillion, accounting for nearly 47 percent of this year’s plan.

Of which, domestic revenue reached VND251.5 trillion, or 46 percent of the plan; revenue from export and import touched VND68.6 trillion, or 41 percent of the plan; and revenue from crude oil hit VND58.4 trillion, or 59 percent of the plan.

Domestic revenue from state-owned companies was at VND73.4 trillion, accounting for 42 percent of the plan; from foreign-invested companies, excluding crude oil, at VND56.3 trillion, or 52.5 percent; and non-state taxes from industry, trade, and services at VND54.7 trillion, or 45 percent.

Meanwhile, total budget expenditure from the beginning of this year to July 15 was estimated at VND483.6 trillion, or 49.5 percent of this year’s plan.

By Ng.Quang – Translated by Thuy Doan

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