Friday, 19 Jan 2018
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ECONOMYBANKING & FINANCE

Vietnam's state budget revenue up 3.9 pct in January

Updated at Wednesday, 08 Feb 2017, 11:55
The Hanoitimes - Vietnam`s state budget revenue hit 97.4 trillion Vietnamese dong (4.37 billion U.S. dollars) in January 2017, up 3.9 percent year-on-year, according to Vietnam`s Ministry of Finance on Wednesday.
The domestic revenues were estimated at 87.9 trillion Vietnamese dong (3.94 billion U.S. dollars), accounting for 8.9 percent of the yearly estimate, increasing 4 percent compared to January last year.
Meanwhile, the revenues from crude oil reached 2.3 trillion Vietnamese dong (103.14 million U.S. dollars), making up 6 percent of the yearly estimate, down by 25 percent year-on-year while that from import and export activities hit 7.2 trillion Vietnamese dong (322.87 million U.S. dollars), accounting for 4 percent of the whole year's estimate, up 15.8 percent year-on-year.
Total expenditures of state budget in January reached 87.250 trillion Vietnamese dong (3.91 billion U.S. dollars), making up 6.3 percent of the whole year's estimate.
As a result, Vietnam enjoyed a state budget surplus of 10.15 trillion Vietnamese dong (455.16 million U.S. dollars) in the first month this year, said the ministry.
State budget revenues surpassed the yearly target to hit VND1.1 quadrillion (US$48.4 billion) in 2016, up 7.8 % or VND79.6 trillion higher than the target.
Chi Le
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