Dong Nai’s efforts to boost domestic revenue

(ĐN)- Dong Nai tax authorities are stepping up efforts to collect domestic revenue, anticipating potential retaliatory tariffs by the U.S. that could impact Vietnam’s exports and foreign investment flows.

As of mid-May 2025, Dong Nai had collected over VND 20 trillion in domestic tax revenue—equivalent to 50% of the annual target. Notably, foreign-invested enterprises contribute about 40% of the province’s total tax intake.

Authorities are prioritizing data review, audits, and taxpayer support to ensure accurate declarations and compliance. In the first quarter of 2025 alone, tax inspections led to an additional VND 423 billion in collections and helped reduce business losses by VND 230 billion.

Efforts include guiding taxpayers to use digital tax software, leveraging e-invoice data for analysis, monitoring transfer pricing, and enforcing tax compliance in e-commerce, retail, F&B services, and construction projects like Long Thanh International Airport and Huong Lo 2.

By the end of Q1, 8 out of 9 tax units in Dong Nai met over 25% of their revenue targets. The province aims to ramp up tax collection in Q2, while continuing to support business recovery and sustainable growth.