Budget revenues estimated at 943.3 trillion vnd

VCN- The total State budget revenues from the beginning of 2016 to December 15, 2016 was estimated at 943.3 trillion vnd, equivalent to 93% of the 2016 estimates.
budgets revenues estimated at 9433 trillion vnd
Domestic revenue reached 744.9 trillion vnd, equal to 94.9% Photo: Hong Van

According to the data of the General Statistics Office of Vietnam, the total State budget revenue from the beginning of 2016 to December 15, 2016 was estimated at 943.3 trillion vnd, equivalent to 93% of the 2016 estimates. Of which, domestic revenue reached 744.9 trillion vnd, equal to 94.9%; crude oil revenue reached 37.7 trillion vnd, only equivalent to 69.2%; revenues of balanced budget from import and export activities reached 156.2 trillion vnd, equivalent to 90.8%.

On the other hand, the total State expenditure from the beginning of the year to December 15, 2016 was estimated at 1,135.5 trillion vnd, equivalent to 89.2% of the year’s estimate.

budgets revenues estimated at 9433 trillion vnd On 15 December, 2016: State budget revenues of Customs reaches 93.31%

VCN – According to the statistics of the General Department of Customs, the State budget revenues of ...

Of which, expenditure for development investment reached 190.5 trillion vnd, equivalent to 74.7%; expenditure for the development of social economic, defense, security and administrative management reached 786 trillion vnd, equal to 95.4%; expenditure for debt repayment and aid reached 150.3 trillion vnd, equivalent to 96.9%.

Therefore, the State budget deficit was nearly 192.2 trillion vnd.

By Phan Thu/ Ngoc Loan

Related News

Hai Phong Customs collects over VND87 billion from post-clearance audit

Hai Phong Customs collects over VND87 billion from post-clearance audit

VCN – The Post-clearance audit branch (under Hai Phong Customs Department) alone has conducted 236 audits and collected VND86.4 billion.
Hai Phong Customs sets new record in revenue of VND70,000 billion

Hai Phong Customs sets new record in revenue of VND70,000 billion

VCN – Hai Phong Customs Department set a new record in budget collection in 2024 with more than VND70,000 billion
From January 1, 2025: 13 product codes increase export tax to 20%

From January 1, 2025: 13 product codes increase export tax to 20%

VCN - According to the Export Tariff (XK) issued with Decree 26/2023/ND-CP, from January 1, 2025, there will be 13 commodity codes with an export tax rate of 20%.
Dong Nai Customs proposes to pilot restructuring according to the new model

Dong Nai Customs proposes to pilot restructuring according to the new model

VCN – Apparatus restructuring according to the new model is one of the four key tasks of Dong Nai Customs Department in 2025.

Latest News

Positive outlook for Việt Nam’s banking sector in 2025

Positive outlook for Việt Nam’s banking sector in 2025

Bank stocks will deliver a strong performance again this year, partly because sector-wide bank earnings growth is expected to accelerate from 14 per cent in 2024 to 17 per cent in 2025 driven by a shift in GDP growth drivers from external factors to domestic driven growth, according to investment management firm VinaCapital.
SBV makes significant net withdrawal to stabilise exchange rate

SBV makes significant net withdrawal to stabilise exchange rate

Analysis shows it’s an intervention to manage system liquidity.
Việt Nam could maintain inflation between 3.5–4.5% in 2025: experts

Việt Nam could maintain inflation between 3.5–4.5% in 2025: experts

The forecasts were presented by experts at the scientific conference titled ’Market and Price Developments in Việt Nam in 2024 and Forecasts for 2025’ organised by the Institute of Economics and Finance and the Price Management Department on January 9 in Hà Nội.
Banking industry to focus on bad debt handling targets in 2025

Banking industry to focus on bad debt handling targets in 2025

The non-performing loan (NPL) ratio of the banking system (excluding NPLs of weak commercial banks) needs to be controlled at below 3 per cent by the end of 2025.

More News

State Bank sets higher credit growth target for 2025

State Bank sets higher credit growth target for 2025

The credit growth target for the banking system in 2025 has been set higher than in 2024.
Outlook for lending rates in 2025?

Outlook for lending rates in 2025?

VCN - The economy is forecast to continue to recover strongly from the end of 2024 to 2025, helping credit demand increase rapidly, but lending interest rates may also be under increasing pressure.
Tax policies drive strong economic recovery and growth

Tax policies drive strong economic recovery and growth

VCN - Far more than just a revenue-collection agency, the Tax Department has played a pivotal role in creating a transparent, equitable, and business-friendly environment. These efforts have not only contributed to macroeconomic stability but also fueled recovery and development for businesses, individuals, and households.
E-commerce tax collection estimated at VND 116 Trillion

E-commerce tax collection estimated at VND 116 Trillion

VCN - According to data from the General Department of Taxation, taxes declared and paid directly by foreign suppliers via the electronic portal in 2024 amounted to VND 8.687 trillion, equivalent to 126% of the previous year’s total and a 74% increase compared to current appropriation.
Big 4 banks estimate positive business results in 2024

Big 4 banks estimate positive business results in 2024

One of the country’s biggest banks expects results to be the best for four years.
Flexible and proactive when exchange rates still fluctuate in 2025

Flexible and proactive when exchange rates still fluctuate in 2025

VCN - In the last days of 2024, as many forecasts, the US Federal Reserve (Fed) continued to cut interest rates, pushing the USD index up, creating pressure on domestic exchange rates. Therefore, domestic exchange rate management policies need to continue to be flexible and appropriate, thereby supporting businesses in import and export.
Issuing government bonds has met the budget capital at reasonable costs

Issuing government bonds has met the budget capital at reasonable costs

VCN - According to the State Treasury's report, capital mobilization through the issuance of government bonds has ensured mobilization to meet the capital needs of the state budget at reasonable costs.
Bank stocks drive market gains as VN-Index closes final Friday of 2024 on a positive note

Bank stocks drive market gains as VN-Index closes final Friday of 2024 on a positive note

Việt Nam’s stock market ended the final Friday of 2024 on a positive note, with banking stocks leading the rally and VN-Index successfully surpassing the 1,275-point mark.
Banks still "struggling" to find tools for handling bad debt

Banks still "struggling" to find tools for handling bad debt

VCN - According to financial experts, the rising trend in bad debt continues to pose significant challenges to debt resolution and recovery efforts at credit institutions (CIs).
Read More

Your care

Latest Most read
Positive outlook for Việt Nam’s banking sector in 2025

Positive outlook for Việt Nam’s banking sector in 2025

Bank stocks will deliver a strong performance again this year, partly because sector-wide bank earnings growth is expected to accelerate from 14 per cent in 2024 to 17 per cent in 2025 driven by a shift in GDP growth drivers from external factors to domestic driven growth, according to investment management firm VinaCapital.
SBV makes significant net withdrawal to stabilise exchange rate

SBV makes significant net withdrawal to stabilise exchange rate

Analysis shows it’s an intervention to manage system liquidity.
Việt Nam could maintain inflation between 3.5–4.5% in 2025: experts

Việt Nam could maintain inflation between 3.5–4.5% in 2025: experts

The forecasts were presented by experts at the scientific conference titled ’Market and Price Developments in Việt Nam in 2024 and Forecasts for 2025’ organised by the Institute of Economics and Finance and the Price Management Department on January 9 in Hà Nội.
Banking industry to focus on bad debt handling targets in 2025

Banking industry to focus on bad debt handling targets in 2025

The non-performing loan (NPL) ratio of the banking system (excluding NPLs of weak commercial banks) needs to be controlled at below 3 per cent by the end of 2025.
State Bank sets higher credit growth target for 2025

State Bank sets higher credit growth target for 2025

The credit growth target for the banking system in 2025 has been set higher than in 2024.
Mobile Version