Bac Ninh: Revenue collection targets reached ahead of schedule.

BAC NINH - Since the beginning of the year, Bac Ninh province's economy has continued to record many positive signs. In particular, domestic revenue collection has achieved impressive results, with total revenue for the first 10 months of 2025 estimated at VND 48,761.2 billion, exceeding the provincial People's Committee's target by 6.4% and increasing by 35.7% compared to the same period last year. This result not only reflects the strong recovery and development of the local economy but also clearly demonstrates the effectiveness of financial management and revenue collection solutions.

Reforming tax administration

After 10 months of 2025, Bac Ninh province continues to affirm its position among the leading provinces nationwide in domestic revenue collection. Total revenue from taxes and fees reached nearly 32,939 billion VND, equivalent to 90.2% of the projected target and an increase of 11.7% compared to the same period in 2024. According to the provincial tax authority, this year's revenue structure has many important highlights, creating significant financial space for socio -economic development goals in the new phase.

Tax officials guide and assist taxpayers in changing their tax declaration methods.

Notably, land use fee revenue reached over 15,822 billion VND, an increase of 70.1% compared to the projected figure and 2.5 times higher than the same period last year. This result demonstrates the strong momentum of the real estate market in the province, along with the effectiveness of the vibrant land use right auctions held in many localities.

Not only did Bac Ninh exceed its budget targets, but its revenue structure also showed positive changes, reflected in stable growth from the production and business sectors. Many key revenue sources from state-owned enterprises, foreign-invested enterprises (FDI), and central state-owned enterprises all achieved favorable results.

Among them, the typical enterprises with large tax contributions include: Samsung Electronics Vietnam Co., Ltd., Samsung Display Vietnam (Yen Phong I Industrial Park), New Wing Interconnect Technology Co., Ltd. (Van Trung Industrial Park), Goertek Vina Science and Technology Co., Ltd. (Que Vo I Industrial Park), Khai Son Joint Stock Company (Thuan Thanh III Industrial Park), Ja Solar Vietnam Co., Ltd. (Nen Ward), Dabaco Vietnam Group Joint Stock Company and Bac Ninh Petroleum One-Member Limited Liability Company (Vo Cuong Ward)... These enterprises affirm the pivotal role of the industrial production sector, reflecting investors' confidence in the production and business environment in Bac Ninh.

It can be affirmed that the impressive tax revenue figures are thanks to the decisive direction of the Provincial People's Committee and the proactive and flexible management of the Tax Department. Bac Ninh has focused on attracting and retaining large investment projects, removing difficulties in capital and administrative procedures for businesses, while strictly managing budget expenditures and resolutely combating tax arrears.

The Provincial Tax Authority develops specific monthly revenue collection plans, assigning tasks to each subordinate unit; and closely coordinates with departments and agencies to ensure accurate, complete, and timely revenue collection. Modern management tools such as electronic tax declaration and payment, electronic invoices, and risk data analysis are applied synchronously, helping to improve transparency, efficiency, and minimize revenue loss.

Furthermore, timely implementation of policies to extend, exempt, and reduce taxes and land rent has helped businesses access additional resources to restore production and maintain employment, while still ensuring a balanced budget. The successful auction of many large-scale real estate projects has also generated significant additional revenue, contributing to the formation of a stable and sustainable financial foundation.

Determined to maintain growth momentum.

The revenue exceeding the projected target is not merely a financial achievement, but also carries strategic significance as Bac Ninh focuses its efforts on key objectives: infrastructure investment, human resource development, social welfare, and promoting digital transformation and innovation. It also reflects an increasingly open, transparent, and stable business and investment environment. The proactive approach of the Tax authorities in addressing difficulties and supporting businesses contributes to strengthening confidence and creating motivation for businesses to expand production and increase budget contributions.

From the beginning of the year until now, Bac Ninh Petroleum One-Member Limited Liability Company has contributed 325 billion VND to the State budget, an increase of nearly 20% compared to the same period last year.

In the final months of 2025, the Bac Ninh Tax Department aims to tightly control tax risks, strengthen inspections and audits to combat transfer pricing, and coordinate with all levels and sectors to effectively implement tax management measures and handle outstanding debts. The department will also continue to adhere to the motto "accompanying businesses," ensuring accurate and sufficient tax collection while creating favorable conditions for businesses to maintain production and operations.

Mr. Gi Chul Lee, CEO of EmTech Vina Co., Ltd. (Yen Phong Industrial Park), shared: “The Bac Ninh Provincial Tax Department always provides dedicated guidance, helping businesses easily implement regulations on tax settlement and electronic invoices. Whenever problems arise, we receive timely support, allowing us to confidently expand investment and production and fulfill our tax obligations to the locality.” Such feedback demonstrates the genuine partnership between the management agency and the business community – a decisive factor in ensuring that budget revenue not only increases in quantity but also sustainably in quality.

At the recent conference introducing new tax policies and dialogue with taxpayers, Mr. Ngo Tan Phuong, Vice Chairman of the Provincial People's Committee, acknowledged and highly appreciated the achievements of the Tax Department; and at the same time requested the department to continue to decisively and effectively implement budget revenue collection tasks, build a realistic 2026 budget estimate, and promptly implement policies to support businesses. He also affirmed that Bac Ninh province always accompanies, listens to, and improves the investment environment in a fair, transparent, and stable manner, considering businesses as the driving force of development.

Completing and exceeding the budget targets ahead of schedule demonstrates Bac Ninh's flexible and effective budget management capabilities, representing a new step forward in public financial governance. This lays the foundation for maintaining its leading position nationwide in domestic revenue collection and ensuring resources for development goals.

Text and photos: Thanh Ngan

Source: https://baobacninhtv.vn/bac-ninh-thu-ngan-sach-ve-dich-som-postid430291.bbg