Positive signals from budget revenue

Honda Vietnam continues to be in the top FDI enterprises with large contributions to state budget revenue in the province.

According to the report of the Provincial People's Committee, in the first 4 months of 2025, the total budget revenue in the area reached over 11.6 trillion VND, equivalent to nearly 43.1% of the estimate assigned by the Central Government and the Provincial People's Council, an increase of 4.8% over the same period in 2024.

In particular, the province's budget revenue in the first four months of the year also reached more than 36.3% of the total budget revenue according to the double-digit growth target set by the province in the 2025 scenario.

If including the tax payment extension according to the Government 's Decrees, the total budget revenue of the whole province is estimated to reach over 11.5 trillion VND, an increase of 19.4% over the same period last year.

In the province's budget revenue structure, revenue from the production and business sector continues to play a leading role and has a fairly good growth rate compared to the previous year. In the first 4 months of 2025, revenue from the production and business sector reached over 8.4 trillion VND, an increase of over 12.5% ​​over the same period in 2024.

This shows that, despite facing many difficulties and challenges, especially the new reciprocal tax policy of the United States, the economic management policies of the Central and the province are gradually becoming effective, the business community is confident, making efforts to overcome difficulties, and expanding production and business activities.

It is forecasted that in the coming time, the economic and political situation in the world will continue to have complex and unpredictable developments, with many potential risks arising from geopolitical conflicts, increasing trade tensions, etc., which will have a significant impact on the production and business activities of enterprises and the province's budget revenue.

Determined to strive to complete the task of collecting over 32 trillion VND in state budget revenue according to the proposed double-digit growth scenario, in the coming time, Vinh Phuc will continue to thoroughly grasp and strictly implement the policies and orientations of the Central Government and the province on socio-economic development.

Simplify administrative procedures, prevent the emergence of new inappropriate procedures, business regulations, standards, norms, and techniques that increase costs and cause difficulties and inconveniences for people and businesses.

Research and develop mechanisms and policies to encourage the development of high-tech projects, large projects, new trends, digital transformation, green growth, circular economy, etc.

Resolutely handle obstacles, remove bottlenecks, and unblock resources for socio-economic development in all sectors and fields. Restructure the economy in conjunction with growth model innovation, focusing on restructuring production sectors towards modernization, improving productivity and efficiency, promoting the development of digital economy, green economy, circular economy, e-commerce, and new and effective business models.

To concretize and organize the synchronous, unified and harmonious implementation of the Central Government's macro policies on finance, credit, investment, trade and other policies in the province in a suitable and effective manner, strongly promoting economic growth to sustainably develop revenue sources.

Regularly dialogue, accompany, share, and resolve difficulties with businesses; continue to promptly and effectively implement policies on exemption, reduction, and extension of taxes, fees, charges, and land rents that have been issued to support people and businesses to quickly recover production and business, create momentum for economic development, and nurture revenue sources.

Strengthening financial and state budget discipline and order; ensuring correct, sufficient and timely collection; expanding the collection base and combating transfer pricing and tax evasion; effectively managing revenue sources arising from e-commerce transactions and digital platform business; urging the collection of tax arrears.

Promote reform and simplification of tax administrative procedures; do a good job of propaganda and support for taxpayers; enhance digital transformation in tax management activities to be public, transparent and create the most favorable conditions for organizations, individuals and enterprises to fulfill their tax obligations according to regulations.

Along with that, budget expenditure management is tight, reasonable, economical and effective, including reviewing and implementing savings, cutting down on regular expenditures that are not really urgent or necessary to prioritize the implementation of regimes, policies, tasks, programs and urgent and key projects of the province.

Article and photos: Nguyen Khanh

Source: http://baovinhphuc.com.vn/Multimedia/Images/Id/128229/Tin-hieu-kha-quan-tu-thu-ngan-sach