Revenues from import-export increase 15.8% in January, 2017

VCN – According to the latest report of the Ministry of Finance, the total State revenues in January, 2017 were estimated at 97.400 billion vnd, equal to 8% of the estimate, equal to 103.9% compared to January, 2016.
revenues from import export increase 158 in january 2017 There will be more instruments to facilitate processing enterprises, exported production to do final accounts
revenues from import export increase 158 in january 2017 HCMC: Increase of more than 7,000 enterprises in import–export
revenues from import export increase 158 in january 2017 On 15 November 2016: The Import-export merchandise turnover reached $ US 300 billion
revenues from import export increase 158 in january 2017

Revenues from import-export reached 6.7% of the estimate. Photo: H. V

In which, the domestic revenues were estimated at 87.000 billion vnd, equivalent to 8.9% of the estimate, increasing by 4% compared to January, 2016. This revenues (excluding collected land use fee) reached 71.900 billion vnd; equivalent to 8.7% of the estimate, increasing by 6.1 % compared to January, 2016. In general, the revenues of January, 2017 were lower than the same period of some recent years.

The revenues from crude oil were estimated to reach 2,300 billion vnd, equivalent to 6% of the estimate, down by 25% over the same period of 2016. The volume paid in January, 2017 was estimated at 660,000 tons, equivalent to 5.4% of the plan and 52.8% compared to the same period of 2016.

The revenues from import and export were estimated at 19,200 billion vnd, equal to 6.7% of the estimate. After VAT refund according to regulation (12,000 billion vnd), budget balance revenues from import and export reached 7,200 billion vnd; equal to 4% of the estimate, increasing by 15.8% compared to January, 2016.

Total expenditures of State budget balance in January, 2017 was expected to reached 87,250 billion vnd, equal to 6.3% of the estimate, in which expenditures for ensuring the demands on socio-economic development, national defense, security, State administration; overcoming consequences of natural disasters and ensuring the social security accounted for 86.2% and expenditures for paying interest at maturity date accounted for 10.9%.

In particular, expenditures for development investment, due to being in process of investment capital allocation and reporting the plan of investment capital for contractors, expenditure progress for development investment in general and expenditures basic construction investment were low, in January, 2017, the capital was mainly allocated to projects under the plan of 2016.

In order to create favorable conditions for units to implement the specialized tasks from the beginning of 2017, the Ministry of Finance has proactively implement the interim funding of January, 2017 for units which are waiting for budget allocation; paid pensions and allowances until February, 2017 to facilitate people who contributed to the revolution, enjoys pension and social allowances to have a happy lunar new year 2017.

revenues from import export increase 158 in january 2017 Increase nearly 40,000 import-export enterprises over 10 years

VCN - In 2016, the number of firms operated in the field of import-export is up to ...

Besides, 13,000 tons of rice in the National Reverses were delivered to support and rescue people in difficult areas out of hunger. Generally, the revenues and expenditures of the State budget, State budget balance and local budget balance at all levels in January, 2017, were ensured.

By Hong Van/ Huyen Trang

Related News

Complying with regulations of each market for smooth fruit and vegetable exports

Complying with regulations of each market for smooth fruit and vegetable exports

VCN - According to Mr. Dang Phuc Nguyen (photo), General Secretary of the Vietnam Fruit and Vegetable Association (Vinafruit), with the development momentum and increasing consumption demand from the Chinese market, the Vietnamese fruit and vegetable industry is setting new records and is expected to reach an export turnover of US $10 billion by 2030. With great potential and advantages in developing agricultural products, Vietnam has been affirming its position as one of the world's leading agricultural exporters.
Lang Son Customs finds it difficult to collect and handle tax arrears

Lang Son Customs finds it difficult to collect and handle tax arrears

VCN - As of December 16, 2024, the total overdue debt for processed customs declarations at Lang Son Customs Department was more than VND180.7 billion, of which the unit conducted a charge-off debt of VND 93.9 billion. Although Lang Son Customs Department applied many measures, collection and handling of tax arrears is still a problem.
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

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