HCMC – State budget revenue in the first half of this year totaled VND1,180.97 trillion, up 38.1% year-on-year and equivalent to 68.7% of the full-year target, according to the Vietnam News Agency.
A representative from the General Department of Taxation said at a mid-year tax review conference on July 10 that 16 of the 19 revenue categories saw year-on-year growth, with collections from e-commerce and the digital economy reaching VND98 trillion, up 58%.
Additionally, 31 of 34 provinces and cities surpassed 55% of their annual revenue targets, while 33 recorded growth compared to the same period last year. Key contributors to this strong performance included Hung Yen, Ha Tinh, Cao Bang, Hanoi, and Haiphong.
Instead of relying on traditional methods, the tax sector has accelerated the adoption of technology to establish a more modern and efficient interaction channel.
Transparent public administration has been promoted through initiatives such as the implementation of e-invoicing, automated tax refunds, and the public disclosure of support staff lists.
Moreover, 99.4% of businesses have adopted electronic tax filing. In the first half of the year, a total of 269,941 tax refund applications were processed automatically, amounting to VND1.25 trillion.
Of this, the State Treasury swiftly disbursed VND1.147 trillion, fulfilling 92% of the refund orders issued.
The tax sector actively took action against violations. Between January and June, authorities conducted 26,290 inspections and audits.
The total amount recommended for enforcement reached VND28.43 trillion, up 32%. Key crackdowns targeted invoice fraud, transfer pricing, and cross-border e-commerce, helping to create a fairer business environment.
Meanwhile, the electronic tax debt enforcement system facilitated the recovery of VND43.1 trillion.
