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Wednesday, June 19, 2024

HCMC’s budget revenue below half-year target

The Saigon Times

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HCMC – HCMC has collected VND57,700 billion for the State budget so far this year, representing nearly 40% of the half-year target of VND145,800 billion, said Dinh Ngoc Thang, director of the HCMC Customs Department.

Budget revenue in the first half of this year has dropped 8% compared to the same period in 2022, equivalent to over VND5,200 billion.

As of June 14, HCMC had collected an average of VND349.5 billion per day for the State budget, reaching 87.5% of the target of VND399.5 billion.

Regarding anti-smuggling and trade fraud, the department has detected nearly 1,200 cases of violations, resulting in fines totaling over VND1,400 billion for the State budget.

Thang explained that the outcome was anticipated due to various signs of economic downturn both domestically and internationally.

Therefore, several measures were implemented at the beginning of the year to address this issue, including the reform of administrative procedures, modernization of customs operations, and extensive digital transformation in management activities, aiming to provide favorable conditions for businesses and households facing financial difficulties.

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