Hai Phong receives 926.6 billion VND in reward for exceeding revenue from import-export activities

At the 14th session (special session), the 16th City People's Council considered, voted, and unanimously approved 12 Resolutions, including a plan to use the excess revenue bonus source divided between the central budget and local budget and reinvest according to a special mechanism in 2022.

To achieve the reward for exceeding revenue, in 2022 the city's State budget revenue exceeded the target from import-export activities. Specifically, Hai Phong Customs Department collected 67,806 billion VND from import-export activities in the city, exceeding 20.6%, equivalent to 11,876 billion VND compared to the assigned target (55,930 billion VND). From this result, according to the provisions of Decree 89/2017/ND-CP of the Government on regulations on special financial-budgetary mechanisms and policies for Hai Phong city, the Prime Minister issued Decision No. 1491/QD-TTg dated November 29, 2023 to reward the excess revenue and reinvest in Hai Phong with a total amount of 926.6 billion VND. On that basis, the City People's Council unanimously approved the plan to allocate public investment expenditure of VND 896.6 billion and VND 30 billion to supplement the capital entrusted through the City Social Policy Bank Branch to provide loans to create jobs for socio -economic development. This is an important additional source of capital for the city to continue implementing public investment plans and socio-economic development policies in 2024.

Cargo loading and unloading activities at HITC port.

Previously, in 2020, the city was also awarded by the Government, supplementing the city budget with an amount of 1,999.2 billion VND and in 2022, 1,785 billion VND due to the excess budget revenue in import-export activities. These results are the basis and motivation for Hai Phong Customs to continue implementing many solutions, determined to complete the task of collecting budget revenue to meet and exceed the assigned target.

News: Do Oanh. Photo: Duy Thinh

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