G-bonds vs access to capital
Apart from the lower capital efficiency due to the amount raised from G-bond issues outpacing the disbursement of public investment capital, which has resulted in the cash balance in the State budget soaring, the excessive capital mobilized from via G-bond sales has also worsened the crowding-out
Full-year budget revenue 24% higher than targeted
HCMC – Budget revenue is estimated to exceed the full-year target by 24.3%, topping VND1,460 trillion, the General Department of Taxation reported during an online conference held yesterday, December 15. Compared to the revenue recorded in 2021, the figure this year improved by 8.5%. Of the
Business tax debts up 3% in Jan-Nov
HCMC – Total tax debt owed by businesses had amounted to an estimated VND126.64 trillion in the year to November 30, up 3% year-on-year, according to the General Department of Taxation. This debt was 10.1% higher than late last year. The department attributed the strong rise to the Covid-19
Tax collection slows as it nears full-year goal
HCMC – Though tax collections in the year through September had almost hit the full-year goal, tax revenues from some industries have dropped steadily since July, according to the Ministry of Finance (MOF). The tax revenue this year is expected to surpass the estimate by VND202,400 billion, or
HCMC proposes capital allocation to speed up progress of key projects
HCMC proposes capital allocation to speed up progress of key projects