Hai Phong’s State budget revenue surges
By the end of October, Hai Phong’s total State budget revenue had reached over 162.875 trillion VND, exceeding the 2025 target assigned by the Central government by 10.5%.
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By the end of October, Hai Phong’s total State budget revenue had surpassed 162.875 trillion VND, 10.5% higher than the 2025 target assigned by the Central government and 32% higher than the same period last year, reported the city People’s Committee.
Of this amount, domestic revenue reached over 89.233 trillion VND, up 19.6% over the year’s target and 43.3% year-on-year; import and export tax revenue totaled more than 69.116 trillion VND, 3.8% higher than the year’s target and 19.3% higher than the same period last year.
Notably, within domestic revenue, land-use revenue exceeded 38.252 trillion VND, a surge of 45.2% against the year’s target and 99% year-on-year.
These results were attributed to the city’s efforts to enhance the effectiveness of the Steering Committee for Combating Budget Revenue Losses, ensuring accurate and sufficient tax collection; strengthen tax debt recovery; accelerate land valuation and auction procedures; and focus on investment in key infrastructure projects, especially in seaports, airports, and industrial parks.
HA VY