VCN - Total state budget revenue in Ho Chi Minh City in the first five months of 2022 increased by 19.5% year-on-year, of which revenues related to real estate and crude oil rose 2.1 time and 82.5% respectively.
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According to the People's Committee of Ho Chi Minh City, city’s state revenue in the first five months of 2022 is estimated at VND209.824 billion or 54.3% of the annual estimate, up 19.5% over the same period last year.
Specifically, domestic revenue is estimated to have risen by 19.8% year-on-year to VND141,919 billion or 54.7% of the estimate, accounting for 67.6% of the city’s total revenue.
Of this, revenue from state-owned enterprises rose 28.6% year-on-year to VND13,176 billion or 50.2% of the estimate, accounting for 6.3% of the city’s total revenue; revenue from the non-state sector rose by 10% to VND40,469 billion or 60.1% of the estimate, accounting for 19.3% of total revenue; revenue from the foreign-invested sector rose by 7.9% to VND 33,034 billion or 60.1% of the estimate, accounting for 15.7% of the city’s total revenue.
In particular, budget revenue from crude oil exceeded the whole year estimate to VND 10,695 billion, up 82.5%.
Besides, the economy had positive signals when tax revenue from real estate doubled; tax revenue from products grew by 11.7% year-on-year. Meanwhile, state budget expenditure (except for advances) decreased by 11.9% year-on-year.
Budget revenue from import-export activities in the first five months increased by 11.7% to VND57,200 billion or 49.1% of the estimate.
From the beginning of 2022 to May 15, Ho Chi Minh City Customs Department carried out customs clearance procedures for import-export goods with a turnover of over US$53 billion USD, up 11.2% year-on-year.
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In which, both export and import turnover recorded positive growth. The total value of exports grew 8.76% year-on-year to US$ 23.925 billion the total imports grew 13.25% year-on-year to US$29.536 billion.
By Le Thu/ Huyen Trang