07/02/2017 08:51 GMT+7 Email Print Like 0

Ho Chi Minh City’s domestic tax collection highest in decade

Of the figure, nearly 24.6 trillion VND (1.06 billion USD) was from domestic taxes, a record in the past decade and up 13 percent annually. 

It was attributable to the increasing number of well-performing enterprises and local support for them, including preferential credit, bank-businesses connectivity and dialogues with municipal authorities. 

This year, the city targets budget collection of more than 347 trillion VND (15 billion USD). 

Tran Vinh Tuyen, Vice Chairman of the municipal People’s Committee, called for encouraging business households to upgrade themselves into enterprises and cracking down on trade fraud and transfer pricing.