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Budget collection of the northern province of Ninh Binh in 2019 continues to see 4th consecutive year of growth, estimated at over 15.2 trillion VND ($656 million), marking the highest level recorded in five year period (2015 - 2020) .
Legislators will vote on a resolution on State budget allocation in 2020 on November 14 morning as part of the eighth session of the 14th National Assembly.
Budget collection was a bright highlight in the first seven months of 2019 as it expanded three times higher than the average rate of VND 38,300 in the same period of previous years.
The National Assembly discussed the Government's supplementary report on socio-economic and State budget performance in 2018 and first months of 2019, and the balance of the State budget in 2017 on May 30-31.
Budget collection of the northern province of Ninh Binh in 2018 is estimated at over 12.7 trillion VND (547 million USD), marking the highest level recorded after the province re-established and a new record high in the 3rd consecutive year.
As of mid November, total amount of State collection was estimated at VND1.16 quadrillion (US$ 49.88 billion), equivalent to 87.9% of the year's estimate.
State budget revenues reached over VND1.12 quadrillion (US$48.16 billion) in the first ten months of 2018, equivalent to 84.9% of the year's estimate and up 15.1% against the same period last year, announced the Ministry of Finance on November 12.
Legislators will look into State budget and the mid-term public investment plan on October 29, during the sixth session of the 14th National Assembly.
The northern province of Ninh Binh collected VND2.2 trillion (USD317 million) for the State budget in the first five months of2017, reported the provincial Department of Finance.
The northern province of Ninh Binh collected VND 7.2 trillion(317 million USD) for the State budget in 2016, reported the provincial Department of Finance.
The 14th National Assembly adopted a resolution on the State budget estimate for 2017 during the ongoing second session in Hanoi on November 11 with 79.31% of votes.
Budget revenues were estimated at VND226 trillion (USD10.5 billion) in the first quarter, up 10.3 percent year on year and meeting 24.8 percent of collection plans, according to Deputy Finance Minister Vu Thi Mai.
The State budget revenue in the January-October period has recorded over VND719.4 trillion (US$33.8 billion), equivalent to 91.9% of the 2014 target and up 15.2% over the same period in 2013, the Ministry of Finance has reported.
State budget collection in the first seven months of this year was estimated at VND497.36 trillion (about US$23.4 billion), an increase of 14.4% over the same period last year.
Hanoi has been cited as one of the top five most budget-friendly destinations for a short getaway excursion for two people, according to a recent survey by TripAdvisor - the world's largest tourism website.
The National Assembly on June 2 discussed a supplementary report on the implementation of socio-economic development programmes and the State budget plan in 2013 and early 2014.
Over VND129 trillion (roughly US$6.06 billion) was collected for the State budget in the first two months of 2014, a 12.9% year-on-year increase and equivalent to 26.6% of the year's estimate, according to the Ministry of Finance.
