Two-thirds of the way through 2023, Ha Tinh's state budget revenue is estimated at more than 11,500 billion VND, reaching 69.3% of the estimate assigned by the Ministry of Finance and 60.5% of the estimate assigned by the Provincial People's Council.
8 months revenue over 11,500 billion VND
In 2023, the Provincial People's Council assigned the State budget revenue in the area to be 18,968 billion VND (domestic revenue of 8,000 billion VND, revenue from import-export activities of 10,968 billion VND). The province continues to be assigned to ensure the balance of State budget revenue and expenditure with regulation to the Central Government.
In the context of the socio-economic situation continuing to face many difficulties and challenges, under the close direction of the provincial leaders and the participation of the entire political system, from the beginning of the year, the financial sector has synchronously deployed solutions, making an important contribution to implementing socio-economic development tasks in 2023.
Bustling import-export activities at Vung Ang port
According to data from Ha Tinh's financial agencies, in the first 8 months of 2023, the total state budget revenue in the whole province is estimated to reach more than 11,500 billion VND, reaching 69.3% of the estimate assigned by the Ministry of Finance, reaching 60.5% of the estimate assigned by the Provincial People's Council. In the context of many difficulties, many economic indicators achieved low results, the total budget revenue in the first 8 months of 2023 is a bright spot in the socio-economic picture of the province.
Of the total budget revenue estimated at more than 11,500 billion VND, domestic revenue is estimated at 5,700 billion VND, reaching 101.4% of the estimate assigned by the Ministry of Finance (5,619 billion VND), reaching 71.3% of the estimate assigned by the Provincial People's Council (8,000 billion VND). If land use fees are deducted, total tax and fee revenue is estimated at more than 4,700 billion VND, an increase of 16% over the same period in 2022.
Some domestic revenues with large amounts include: revenues from foreign-invested enterprises, non-agricultural land use tax, personal income tax, fees and charges, granting mineral exploitation rights, revenues from public land funds, other public property benefits, revenues from lottery activities, etc.
Officers of the Ha Tinh Provincial Tax Department support administrative procedures for taxpayers.
Mr. Truong Quang Long - Director of the Provincial Tax Department said: "The above results are thanks to the fact that right from the beginning of the year, the unit has strongly directed the review of revenue sources and synchronously implemented measures to increase revenue. To facilitate businesses to have more motivation to develop production and business, the tax sector also increased support in administrative procedures, removed difficulties and obstacles; advised the Provincial People's Committee to promote investment to quickly put projects into production, create more jobs and increase budget revenue".
Regarding tax collection from import-export activities, with great efforts, in 8 months, Ha Tinh Provincial Customs Department has attracted 347 enterprises (up 4.83% over the same period in 2022) to open declarations in the area; thereby, the State budget collection is estimated at 5,800 billion VND, reaching 52.9% of the estimate assigned by the Ministry of Finance and the Provincial People's Council (10,968 billion VND).
"Accelerate" the end of the year
Overall assessment in 8 months, the province's budget collection was quite good. However, some revenue results were still low and behind schedule, especially in the field of import and export tax.
Vung Ang Port Customs Branch supports businesses in opening customs declarations
Accounting for over 92% of the total budget revenue of the Customs Department, but affected by the fluctuations of the world economy, Hung Nghiep Formosa Ha Tinh Iron and Steel Company Limited encountered many difficulties in production and business in the first months of the year. Therefore, the revenue from this enterprise has greatly affected the completion of the unit's budget revenue target.
Mr. Dinh Van Hoa - Deputy Director of the Provincial Customs Department said: "In the last 4 months of the year, the unit will focus on drastically implementing solutions to facilitate import and export activities, actively reform administrative procedures, expand electronic customs procedures, improve risk management capacity in analyzing and identifying key points and the VNACCS/VCIS system, promote anti-loss of revenue, strengthen anti-smuggling and anti-trade fraud... The whole industry will further promote the sense of responsibility in budget collection work, determined to complete the assigned targets".
Formosa Ha Tinh Steel Corporation is the largest taxpayer in Ha Tinh.
To complete the 2023 state budget revenue estimate, in the coming time, Ha Tinh's financial agencies will continue to proactively develop and implement specific budget collection plans in situations appropriate to the actual situation.
“The tax sector will regularly monitor the business performance, grasp the revenue sources in the area, focus on analysis, assessment and forecasting to identify potential revenue sources, areas and types of taxes with revenue losses in order to promptly deploy solutions. At the same time, the unit also urges timely payment to the State budget for increased revenue through inspections, checks and additional collections as recommended by audit and inspection agencies; resolutely and synchronously implement debt management measures, collect tax arrears, and enforce tax debt according to the provisions of law”, Mr. Truong Quang Long - Director of the Provincial Tax Department emphasized.
The resumption of Unit 1 of Vung Ang 1 Thermal Power Plant is expected to be one of the factors helping Ha Tinh's economy to make a breakthrough.
Ha Tinh has just received good news when Unit 1 of Vung Ang 1 Thermal Power Plant resumed operation and connected to the national grid after nearly 2 years of failure. This is expected to be one of the factors helping Ha Tinh make a breakthrough in the year-end budget collection race. At the same time, the policies to support production and business continue to be applied, promoting business recovery and development, which are also expected to have a positive impact on the state budget collection results in the last months of the year, helping Ha Tinh "reach the finish line" of the target assigned by the Provincial People's Council of 18,968 billion VND.
Phan Tram
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