Budget revenue expected to hit target ahead of schedule

(ĐN)- As of the end of October, Dong Nai province’s state budget revenue reached nearly 50 trillion VND, equivalent to 89% of the 2024 target. Domestic revenue accounted for over 33 trillion VND, while import-export activities contributed 16.6 trillion VND, achieving 94% of the plan and surpassing last year’s figures by 3%.

According to the Department of Finance, key revenue sources remain strong, particularly from foreign-invested enterprises (over 11.6 trillion VND, 90% of the target) and non-state industrial and commercial sectors (over 5.2 trillion VND). Personal income tax revenue also rose, reaching 92% of the goal.

Customs authorities reported impressive import-export revenue growth of nearly 15% year-on-year, driven by imports of metals, fuel, and industrial raw materials. Meanwhile, tax offices across the province have exceeded expectations, collecting over 8.3 trillion VND—112% of the annual target—with most local branches outperforming provincial averages.

With a 2024 revenue target set at over 56 trillion VND, Dong Nai is on track to meet or surpass its goals. Customs officials emphasized enhanced management and tax debt control, while streamlining administrative procedures to facilitate business.

Tax authorities acknowledge challenges in collecting land use tax debts and managing tax compliance for out-of-province businesses. Nonetheless, efforts are underway to improve tax registration, declaration, and audits, particularly targeting high-risk sectors like e-commerce and resource extraction.

Overall, strong fiscal discipline and administrative reforms position Dong Nai well to close the year with solid budget revenues.

Reported by N.L