Budget revenue hits VND185.8 trillion in first two months

Saturday, 2017-03-04 10:26:21
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Vietnam's budget revenue in the first two months of 2017 increases by 15.8% year on year.
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NDO – Vietnam’s budget revenue was estimated to reach VND185.8 trillion (US$8.17 billion) in the first two months of 2017, equivalent to 15.3% of the year’s plan and up 15.8% compared to the same period of last year, according to the Finance Ministry.

Specifically, domestic collection was VND157.1 trillion (US$6.9 billion), equal to 15.9% of the estimate and up 12.9% year on year, with revenue from the foreign invested sector meeting 16.9% of the year’s estimate and revenue from the non-State economic sector equivalent to 18.2% of the annual plan.

Thirty five of 63 cities and provinces satisfied progress as forecasted in the year’s estimate in terms of domestic collection (over 17%) in two months, with 27 localities meeting 18% of the plan and 47 localities recording higher revenues than that of the same period in 2016.

Revenue from crude oil hit VND6.6 trillion (US$290.4 million), equal to 17.4% of the year’s estimate and up 8.9% year on year, while revenue from import-export activities reached VND41 trillion (US$1.8 billion), 14.4% of the plan and up 22.1% against 2016.

Total budget expenditures in the January-February period were estimated at VND175.8 trillion (US$7.73 billion), equivalent to 12.6% of the year’s plan and up 8.4% year on year.

In February alone, Vietnam’s budget revenue recorded VND79.4 trillion (US$3.5 billion), including VND60.28 trillion (US$2.65 billion) in domestic collection, VND3.9 trillion (US$171.6 million) in revenue from crude oil and VND20.5 trillion (US$902 million) in revenue from import-export activities.