HCM City’s State budget revenue enjoys year-on-year rise of 22.8 percent

Ho Chi Minh City’s State budget collection hits 174.6 trillion VND (7.57 billion USD) during January-May (Photo: VNA)

HCM City (VNA) – Ho Chi Minh City’s State budget collection isestimated to hit 174.6 trillion VND (7.57 billion USD) during January-May,equivalent to 49 percent of the yearly estimates and up 22.8 percentyear-on-year.

The figure also represented a rise of 5.7 percent comparedto that of the same period of 2019 when the COVID-19 pandemic had yet to breakout around the world.

Of the total, domestic revenue in the city was estimated at123.69 billion VND, equal to 49.8 percent of the estimates and accounting for 70.8percent of the total and up 21.1 percent over the same period. Revenue fromimport-export activities is estimated at 50.9 trillion VND, equal to47.1 percent of the estimates and up 27.3 percent year-on-year. Revenue fromcrude oil is estimated at 5.86 trillion VND, equal to 68.6 percent of theestimates and up 3.2 percent year-on-year.

Meanwhile, local budget revenue in the period is estimatedat 34.18 trillion VND, accounting for 19.6 percent of the total collection,equivalent to 41.6 percent of the estimates and up 7.5 percent year-on-year.

This year, the largest city of Vietnam is assigned tocollect 364.89 trillion VND for the State budget, down 10.1 percent from the2020 estimates and 1.7 percent compared to last year’s real revenue./.

VNA