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Ho Chi Minh City
Sunday, October 17, 2021

HCMC collects VND40 trillion in tax revenue in January

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HCMC – In the first month of 2021, HCMC’s tax revenue reached VND40 trillion (US$1.7 billion), meeting 11% of the target for the whole year, said municipal vice chairman Vo Van Hoan.

At an online meeting of the Government with localities on the socioeconomic development in the month, Hoan said the revenue from local production and business activities was more than VND29.8 trillion and the earnings from import-export activities reached VND10 trillion, the local media reported.

On average, the city collected some VND2 trillion per working day, or 135% of the target. If the momentum is maintained, the city can meet the revenue collection target of nearly VND365 trillion in 2021.

Hoan said the city’s socioeconomic development indicators last month increased over the same period last year. Specifically, the total retail sales of goods and services picked up over 12%; export revenue, 16.4%; the export revenue from hi-tech products, 28.3% and the index of industrial production, 34.5%.

However, the tourism sector posted a plunge of 70% and catering services, 6.4%.

Enterprises in the city have increased the volume of goods to ensure sufficient supplies and prevent a price hike during the Lunar New Year holiday.

As for the fight against Covid-19, Hoan said since the first cases were detected in the northern provinces of Hai Duong and Quang Ninh, HCMC has detected the 1,660th patient. Those in direct contact with the patient have tested negative for the disease. Nearly 2,900 people are being quarantined in centralized quarantine centers and some 1,900 others at home and lodging facilities.

The city has yet to report locally-transmitted Covid-19 cases but faces a high risk of infection, so it has employed multiple measures to prevent the spread of the virus from outside, such as calling on residents to make health declarations, wear face masks and use hand sanitizers regularly, reducing the scale of events and festivals and allowing 1.7 million students to study online.

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