Hit by Covid-19, Hanoi GRDP grows 3.39% in H1
The growth rate, however, remains among the highest nationwide and is significantly higher than the national growth average of 1.81% during the period.
15:30, 2020/06/16Vietnam fiscal deficit, public debt stay within limits set in 2016-2020 plan
In a worse scenario where GDP would expand 3.6% this year, Vietnam's fiscal deficit is forecast at 5.02% of GDP and public debt at 56.4%.
16:27, 2020/06/12Vietnam state budget revenue fall 9% in Jan-May on Covid-19
So far, total amount of deferrals of tax payment and land rental fees under the government’s support programs stood at VND37 trillion (US$1.58 billion) as of May.
12:55, 2020/06/11Vietnam gov’t proposes 30% cut in corporate tax post Covid-19
The tax cut would benefit businesses with revenue in 2020 of less than VND50 billion (US$2.16 million) and a workforce not exceeding 100 employees.
14:56, 2020/05/30Vietnam records fiscal deficit of over US$330 million in Jan-May
As of May 15, budget revenue collection reached VND529.6 trillion (US$22.7 billion), equivalent to 35% of the year's estimate.
16:41, 2020/05/29Hanoi industrial production recovers in May
A positive growth rate of Hanoi’s industrial production in May led to an expansion of 2.6% year-on-year in the January – May period.
08:59, 2020/04/25Global oil crash exerts little impact on Vietnam’s budget revenue
In this year's state budget plan, revenue from crude oil is predicted at VND35.2 trillion (US$1.5 billion), accounting for 2.3% of the total.
17:45, 2020/04/24Hanoi estimates to lose over US$1.8 billion in budget revenue in 2020
The figure is more than double the estimated losses from the municipal tax authority in its extreme scenario at VND16.6 trillion (US$712 million) where the pandemic lingers to the fourth quarter.
15:10, 2020/04/09Vietnam rolls out fiscal relief package
The relief package is estimated at VND180 trillion (US$7.63 billion).
13:54, 2020/02/17Vietnam faces potential state budget loss of US$1.82 billion on Covid-19
In case the epidemic persists for around four to five months, or even longer, manufacturing sectors with high dependence on input materials from China would be in trouble.