Bac Giang exceeds yearly domestic budget collection

Update: 15:56 | 25/10/2021

(BGO) – Amid severe impacts by Covid-19 pandemic, the northern province of Bac Giang has gained impressive budget collection. By October, the provincial budget collection exceeded the yearly estimate.

According to the provincial Taxation Department, total domestic budget collection hit about 815 billion VND (36 million USD) in October 2021, up 8.3 percent month on month and 10,465 billion VND (462.5 million USD) in ten months, rising 48.1 percent year on year and exceeding 17.1 percent of the yearly estimate.

Bac Giang province, exceeds, yearly domestic budget collection, post Covid-19 pandemic, business recovery, foreign direct investment, incentive policies

Rapidly recovered businesses greatly contribute to the stage budget.

The key collections of land use fee gained 5,690 billion VND (surpassing 29.6 percent); collection from foreign direct investment and state owned businesses hit 980 billion VND (exceeding 1.6 percent) and 390 billion VND (exceeding 2.2 percent) respectively...The others achieved over 80 percent of the estimate.

Amid the Covid-19 pandemic, thanks to the provincial synchronous implementation of measures, incentive policies to support and remove difficulties, the enterprises can rapidly recover the production and business activities to create jobs to labours, enhance productivity and production value.

Besides, many property projects were auctioned, greatly contributing to the state budget collection.

Some companies with high tax payment included Vina Solar Technology Company Limited in Van Trung industrial park (Viet Yen district); Tan Thinh Construction Co.,Ltd; Thanh Do Construction Joint Stock Company (Bac Giang city)...

To nurture the source of collection, the provincial authority continues accompanying and handling the obstacles in term of capital, labour, administrative accelerate the business development.

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