Local budget collection jumps 2% in first 11 months

December 05, 2020 9:00 AM GMT+7

VGP – The local authorities of Ha Noi collected over VND 240 trillion (US$ 10.3 billion) for the city’s budget in the first 11 months of 2020, meeting 86.4% of forecast, equivalent to 102% of the same period last year.

Illustration photo

Chairman of the Ha Noi municipal People’s Committee Chu Ngoc Anh chaired a local meeting on December 4 in Ha Noi

Chairman Anh said that it is only one month away for the city to accomplish all preset tasks for 2020 and the five-year development plan (2016-2020). 

Despite negative impacts of the COVID-19 pandemic, the city attained positive outcomes in various fields. 

Director of the Planning and Investment Department Nguyen Manh Quyen reported that the city collected over VND 233 trillion (US$ 10 billion) for its budget in the first 11 months of 2020, meeting 83.8% of forecast, equivalent to 98.9% of the same period last year. Total local budget collection is estimated at VND 240 trillion (US$ 10.3 billion), meeting 86.4% of forecast, accounting for 102% of the same period last year if VND 7,274 billion of tax and land lease fees is added to the total figure in accordance with Decree 41/2020/ND-CP on tax and land rent deferral. 

In November, export turnover was estimated at US$ 1.45 billion, representing a month-on-month increase of 8.3% and a year-on-year increase of 21.8%. In the first 11 months, export turnover was projected at US$ 14.6 billion, up 1.2% against the same period last year. 

In the January-November period, total retail sale of goods and services was estimated at VND 540 trillion. 

In November, the city welcomed 21,000 passengers who are foreign experts, diplomats, foreign investors, and repatriated Vietnamese people, up 0.7% against the previous month, but down 95.1% against the same period last year. 

As of late November, Ha Noi attracted US$ 3.19 billion of FDI and witnessed the birth of 24,430 enterprises, down 4% in number and 17% in value in comparison with the same period last year. 

In December, the city will tighten preventive measures to prevent COVID-19 outbreak; strive for the preset goals for 2020; speed up public investment disbursement rate./.

By Kim Loan   

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