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In the first six months of 2024, state budget collection in Ninh Binh province saw positive signs with 12 out of 15 receipts and taxes achieving high growth compared to the same period of the previous year.
The National Assembly (NA) on November 10 adopted a resolution on the state budget estimates for 2024, which targets next year's state budget collection at over 1.7 quadrillion VND (nearly 69.8 billion USD).
The General Department of Customs on October 4 reported that its state budget collection stood at 268.69 trillion VND (10.99 billion USD) between January and September, decreasing by 18.6% compared to the same period last year.
State budget collection in the first seven months of this year stood at 211.23 trillion VND (8.89 billon USD), equivalent to 49.7% of the estimate, down 19.6% year-on-year, the General Department of Vietnam Customs reported on August 3.
The global political and economic uncertainties and the prolonged negative impacts of the COVID-19 pandemic have caused strong effects on the national economy in general and Ninh Binh's economy in particular. Furthermore, the implementation of policies on tax reduction and tax payment extension have resulted in a decline in state budget collection in the first six months of 2022. However, Ninh Binh has continued its measures to revive the economy, create sustainable incomes and strive to fulfill the task of budget collection in 2022.
In April 2022, the total state budget collection is estimated at 160.2 trillion VND, an increase of 3.2 trilion VND from the previous month, reported the Ministry of Finance.
Since Ninh Binh has well controlled the COVID-19 pandemic, enabling the growth of production and trade activities and contributing positively to the province's state budget collection and spending in 2021.
Budget collection of the northern province of Ninh Binh in the first five months of this year was estimated at 9,01 trillion VND (USD), equivalent to 48.4% of the whole year's estimate, reported the provincial Department of Finance.
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.
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.
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.
