HÀ NỘI — State budget revenue in January was estimated at VNĐ97.4 trillion (US$4.3 billion), the Ministry of Finance said. Of the amount, VNĐ87.9 trillion came from domestic tax collections, up 4 per cent year-on-year and representing 8.7 per cent of yearly plan, according to data from the ministry. However, the ministry said budget revenue from crude oil fell by 25 per cent year-on-year to reach VNĐ2.3 trillion in January. Budget revenue from import and export activities reached VNĐ19.2 trillion, equivalent to 6.7 per cent of annual target. The progress of investment development spending in general and construction investment spending in particular remained low, the ministry said, adding that spending in January was mainly used as investment capital for 2016’s projects.

Source: Viet Nam News February 08, 2017 08:08 UTC