Hoa Binh contributes 1.87 trillion VND to State budget during January-July

8/20/2020 - 6:25:30 PM

(HBO) - The COVID-19 pandemic and long-lasting water shortage at reservoirs are hampering Hoa Binh province’s State budget collection.

Over the past years, Son Thuy joint Stock Company in Hoa Binh city’s Mong Hoa commune has stood out in production-business and State budget collection.

In July, State budget collection is estimated at 465.1 billion VND, equal to just 9 percent of the target signed by the provincial People’s Council. It is estimated to reach 1.87 trillion VND in the first seven months of 2020, of which domestic collection reached 1.738 trillion VND, equivalent to 41 percent of estimates assigned by the Prime Minister and 36 percent of the target set in the provincial People’s Council resolution.

Collection from import-export activities is estimated at 135.5 billion USD, equal to 75 percent of estimates assigned by the Prime Minister and 62 percent of the target set in the provincial People’s Council resolution.

In addition, local budget collection is estimated at 8 trillion VND during January-July, equal to 75 percent of estimates assigned by the Prime Minister and 62 percent of the target set in the provincial People’s Council resolution./.

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