Domestic revenue in the first quarter reached 38.7% of the estimate.

According to a report from the Ministry of Finance, in the first quarter of 2025, in the context of economic difficulties, the Ministry of Finance has advised the Government to deploy solutions to support taxes, fees, and charges from the beginning of the year.

Specifically, VAT has been reduced by 2% for groups of goods and services currently subject to a tax rate of 10% in the first 6 months of the year (a reduction of about VND 26.1 trillion); environmental protection tax on gasoline, oil, and lubricants has been continued to be reduced (a reduction of about VND 44 trillion); import-export tax policies have been adjusted and tax incentives for the automobile support industry have been extended until the end of 2027.

In addition, maintain a reduction in fees and charges from 10% to 50% for online public services until the end of 2025 and issue preferential registration fees for battery-powered electric cars (support of 2.4 trillion VND).

Regarding the solutions that have been and are being implemented, it is expected that the total support for businesses and people in 2025 will reach about 204 trillion VND, higher than the support level in 2024, to promote economic recovery and development.

Also in the first quarter, total state budget revenue reached 721.3 trillion VND, equal to 36.7% of the estimate, up 29.3% over the same period in 2024 (central budget revenue reached 35% of the estimate; local budget revenue reached 38.4% of the estimate).

Of which, domestic revenue reached 646.3 trillion VND, equal to 38.7% of the estimate, up 34.5% over the same period in 2024. Excluding land use fees, lottery revenue, capital recovery, dividends, profits, after-tax profits and the difference between revenues and expenditures of the State Bank, domestic tax and fee revenue reached 35.8% of the estimate, up 21.1% over the same period.

According to the Ministry of Finance, the domestic revenue results in the first quarter were quite good compared to the estimate and increased over the same period, mainly due to the economic growth in the last months of 2024 (GDP in the fourth quarter increased by 7.55% over the same period in 2024, the whole year increased by 7.09%), the first months of 2025 continued to maintain the growth momentum;

At the same time, the Tax Authority has strengthened revenue management, reviewed revenue sources; promoted digital transformation, applied information technology in tax management and tax refunds; prevented revenue loss, handled tax arrears, urged timely collection and payment to the State budget, thereby positively affecting the State budget revenue;

Regarding the revenue from the three economic sectors (accounting for about 49.3% of the domestic revenue estimate), the first quarter reached VND 317.1 trillion, equal to 38.5% of the estimate, up 20.4% over the same period in 2024. Of which, revenue from the foreign-invested enterprise sector reached 36.2% of the estimate, up 19.9% ​​over the same period in 2024; revenue from the non-state economic sector reached 45.1% of the estimate, up 36% over the same period in 2024; revenue from the state-owned enterprise sector alone reached 28.9% of the estimate, but decreased by 7.6% over the same period in 2024.

Updating revenue data on the TABMIS system, state budget revenue by April 15, 2025 reached VND 801.9 trillion, equal to 40.77% of the estimate; of which central budget revenue reached VND 407.2 trillion, equal to 39.9% of the estimate, local budget revenue reached VND 394.7 trillion, equal to 41.7% of the estimate.

Hoang Tu

Source: https://baophapluat.vn/thu-noi-dia-quy-i-dat-387-du-toan-post546064.html