HCMC puts daily State budget collections at VND2.9 trillion
The Saigon Times
|HCMC Vice Chairman Vo Van Hoan. HCMC collected some VND2.9 trillion per day for the State budget between January and February – PHOTO: THE HCMC MEDIA CENTER|
HCMC – HCMC collected some VND2.9 trillion per day for the State budget between January and February, nearly double the number given by the Government.
Speaking at the Government’s online meeting with provinces and cities on socioeconomic performance this morning, March 2, HCMC Vice Chairman Vo Van Hoan said that the central Government set a target for HCMC to collect some VND365 trillion for the State budget this year, equivalent to some VND1.5 trillion per day.
In the first two months of the year, the city’s budget collections amounted to an average of some VND2.9 trillion per day.
Up to now, the city has collected VND74.5 trillion, meeting 20.5% of the target and rising by 10.5% year-on-year, Hoan said, adding that HCMC might fulfill the target set by the Government.
HCMC’s budget collections in 2019 reached some VND410 trillion, while the city’s budget revenues reached a mere VND371 trillion in 2020, meeting 91.5% of the estimates due to the impact of Covid-19.
In recent years, the city’s collections have accounted for 25%-27% of the country’s total, the local media reported.
In the first two months of 2021, the city saw more positive achievements in socio-economic development than during the same period last year, according to the representative of the HCMC government.
In the two-month period, the city’s total retail sales of goods and services inched up 4.7%, while its export revenue amounted to US$8 billion, up 25% year-on-year, backed by the exports of fertilizer, plastic materials and auto components.
The city also attained industrial manufacturing index growth of 6% and saw over 3,800 firms return to the market, up 3% year-on-year, and 700 companies complete dissolution procedures, down 14.5%.
However, Hoan said that its tourism sector had been heavily affected by the coronavirus pandemic. Between January and February, the sales of travel services plunged by 70%, while the value of lodging services dropped by 14% year-on-year.