Budget revenue from industry and trade sector hits nearly VND 2.4 tril

(ĐN)- In Jan-March, state budget revenue from the non-state industry and trade sector reached nearly VND 2.4 trillion, an increase of around VND 600 billion compared to the same period of last year.

The increase was attributed to favorable production and consumption conditions in the early of the year. Many enterprises and establishments expanded their operations by investing more capital and increasing the supply of goods to the market. In addition, non-state enterprises also cooperated with foreign-invested companies to supply input materials and services. This collaboration further contributed to increasing state budget revenues.

According to the provincial People’s Committee, in the first three months of this year, private enterprises in the province invested some VND 11 trillion into production and business activities. Currently, private sector accounts for approximately 47 percent of the province’s total implemented investment capital.

Reported by U.N