Thanh Hoa shows strong performance in State budget collection

The central province of Thanh Hoa collected about 26.33 trillion VND (1.12 billion USD) to the State budget in the first six months of this year, completing 94% of its plan for the period.
Thanh Hoa shows strong performance in State budget collection ảnh 1Nghi Son 1 power plant in Thanh Hoa (Source: baothanhhoa.vn)
Thanh Hoa(VNA) – The central province of Thanh Hoa collected about 26.33 trillion VND (1.12 billion USD) to the State budget in the first six months ofthis year, completing 94% of its plan for the period.

According to the provincial Department ofFinance, domestic collection was estimated at 16.67 trillion VND, fulfilling 97% of the target for the whole year. Of the total, collection from land use fee wasover 7.77 trillion VND.

Meanwhile, collectionfrom foreign-invested firms exceeded 3.25 trillion VND, and income from the non-State-owned sector topped 1.44 trillion VND.

At the same time,income from import and export activities in the first six months of this yearhit over 9.65 trillion VND,equivalent to 88% of the plan.

Localities across the provincealso contributed over 10 trillion VND to Thanh Hoa’s State budget collection inthe January-June period.

Vice Chairman of theprovincial People’s Committee Nguyen Van Thi said that this year, the provincewill strive for at least 40 trillion VND in total State budget collection, higher than the goalassigned by the National Assembly and the provincial People’s Council.

To this end, Thanh Hoa will work harder to understand the operational situationof local firms, especially those producing major products of the locality withgreat contributions to the local economic growth and State budget collection,thus creating favourable conditions for them to strengthen production. Theprovince will encourage businesses with stable markets to continue to increasetheir production, thus making up the reduction of other firms, Thi said.

In the first sixmonths of this year, Thanh Hoa actively built specific solutions to boosteconomic development in line with its real situation, while applying tax andfee reduction and exemption policies to support tax payers and removedifficulties during production and business activities in a timely and effectivemanner, winning confidence from local businesses and residents, thusmaintaining and increasing sources of income, he stated.

As a result, there were 349 new enterprisesestablished in Thanh Hoa province in May, according to the provincial Departmentof Planning and Investment. The province is aiming for 3,000 new enterprisesthis year. The result could be attributed to efforts of the Department ofPlanning and Investment and local administrations to process procedures onlinethus shortening the time needed for the establishment of a new enterprise.

Alongside, Thanh Hoa will also continue to speed up administrative reform tocreate optimal conditions for business and production activities and assistimport-export activities.

The province willstrengthen the popularisation of new tax policies, while responding to questionsin the field, and focusing on supporting local businesses in tax declaration,payment and refund, as well as using e-invoice.

Districts, townshipand cities in the province will pay greater attention to the collection of landuse fees from organisations, said Thi.

In the first sixmonths of this year, Thanh Hoa spent 20 trillion VND from its budget,equivalent to 61 percent of its estimate. Social welfare policies in thelocalities across the province have been implemented smoothly across theprovince.

The fifth-largestprovince nationwide geographically, Thanh Hoa has a coastline of 102km, whichis favourable for tourism and the development of seaports, along with NationalHighway 1A, the Ho Chi Minh Highway, the North-South railway and Tho XuanAirport. It also has favourable conditions for aquaculture, especially shrimp,crab and seaweed. 

With deep-waterseaports, cement factories and an airport, the Nghi Son Economic Zone isexpected to open up a new development path for coastal localities and theentire province at large./.
VNA

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