Hai Duong’s State budget revenue completes 48% of assigned estimate for 2023

The foreign-invested sector contributes over 3,420 billion VND to the State budget (illustrative image)

Domestic revenue of Hai Duong’s tax sector in the first five months of 2023 exceeded 7,251 billion VND, completing 48% of the assigned estimate for 2023 and equivalent to 92% of that in the same period last year, according to the provincial Taxation Department.

The sector collected more than 6,476 billion VND, exclusive of land use levy, lottery and dividend profits, equaling 57% of the year’s estimate and 22% higher than the corresponding period last year.

Six of 15 sectors recorded more than 200 billion VND in revenue.

The foreign-invested sector contributed the most amount of over 3,420 billion VND, or 76% of the year’s estimate and up nearly two times year on year.

In particular, Ford Vietnam Co., Ltd. paid 1,975 billion VND to the budget, 3.4 times higher than the same period last year thanks to a sharp increase in the sales of domestically manufactured and assembled cars.

Some other enterprises that posted surges in budget payment included Jaks Hai Duong Power Co., Ltd. with a payment of 299 billion VND, up 47% year on year; Brother Industries (Vietnam) Co., Ltd. with nearly 115 billion VND, up 3.6 times; and Oriental Sports Industrial Vietnam Co., Ltd. with nearly 93 billion VND, up 19%.

The five other sectors with high revenue were the non-State sector (more than 1,364 billion VND), personal income tax (nearly 557 billion VND), registration fee (over 235 billion VND), environmental protection tax (more than 226 billion VND), and non-budget revenue (over 222 billion VND).

HA KIEN