12:59 (GMT +7) - Friday 09/12/2016

Vietnam Today

Budget revenue rising slightly

Released at: 10:02, 06/06/2015

Budget revenue rising slightly

May and first five month figures see healthy increases but weighed down by crude oil woes.

by Hung Nguyen

The Ministry of Finance released a report on the State Budget for the first five month 2015.

Total revenue in May was estimated at VND61.5 trillion ($2.81 billion), with revenue from the domestic sector being VND42.4 trillion ($1.94 billion), accounting for just 69 per cent of the figure in the previous month due to corporate and personal income taxes for the first quarter being paid in April.

Revenue from crude oil was estimated at VND5.3 trillion ($243 million), an increase of 6 per cent against April.

Revenue from import and export activities was around VND21 trillion ($962.85 million), an increase of 5 per cent month-on-month, while VAT refunds stood at VND7.5 trillion ($343.87 million).

For the first five months, total State Budget revenue was estimated at VND380 trillion ($17.42 billion), an increase of 7.9 per cent compared with the same period last year. Revenue from the domestic sector was VND238 trillion ($10.91 billion), an increase of 16.3 per cent, and revenue from crude oil VND30.3 trillion ($1.38 billion), a 34 per cent decline. Revenue from import and export activities was some VND66 trillion ($3.02 billion), 6.5 per cent higher year-on-year.

 

User comment (0)

Send comment