Business

Binh Duong among five localities with highest budget revenue collection

The southern province of Binh Duong has contributed 14.94 trillion VND (637 million USD) to the State budget in the first quarter, ranked among the top five localities with the highest figures nationwide.
Binh Duong among five localities with highest budget revenue collection ảnh 1At the factory of Panasonic Life Solutions Vietnam Co., Ltd., Vietnam - Singapore Industrial Park (VSIP) in Tan Uyen town, Binh Duong. (Photo: VNA)
Binh Duong (VNA) – The southern province of BinhDuong has contributed 14.94 trillion VND (637 million USD) to the State budget inthe first quarter, ranked among the top five localities with the highestfigures nationwide.

According to the provincial tax department, the Q1 collectionfulfilled 33.03% of the yearly estimate assigned by the Ministry of Finance and was20.25% higher than the same period in 2022.

Head of the department Nguyen Van Cong attributed theincrease to a Government’s regulation requiring that businesses musttemporarily pay 80% of their tax on January 31 this year and to the larger-than-last-yearamount of some land leasing revenue.  

As of the end of 2022, Binh Duong had attracted more than4,082 foreign direct investment (FDI) projects worth nearly 40 billion USD ofregistered funds, placing it among the top two localities in the country in FDIattraction, just after Ho Chi Minh City.

Also last year, its budget revenue collection amounted to some 61.94 trillionVND./.
VNA
#Binh Duong#State budget#provincial tax department#highest budget revenue collection#vietnamplus#vietnam#vietnam news agency
Follow VietnamPlus

Related News

Binh Duong sees increasing green FDI inflows

Binh Duong sees increasing green FDI inflows

The southern industrial hub of Binh Duong has seen a positive change in foreign direct investment (FDI) inflows with higher number of projects meeting the locality’s criteria of high technology, high economic values, environmentally friendlỉness, and less labour-intensiveness, according to the provincial Department of Planning and Investment.
Binh Duong leader meets with former President of Chile

Binh Duong leader meets with former President of Chile

Secretary of the Binh Duong provincial Party Committee Nguyen Van Loi had a meeting on March 31 with visiting former President of Chile Michelle Bachelet and a delegation of the Cerro Navia municipality in Santiago.
Binh Duong looks to step up trade, investment ties with Argentine localities

Binh Duong looks to step up trade, investment ties with Argentine localities

A delegation of Binh Duong province led by Vice Secretary of the provincial Party Committee Nguyen Hoang Thao paid a working visit to Argentina on April 7-10 to explore investment opportunities and expand business cooperation with localities and the business community of the South American country.

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.