Vietnam’s government revenues up 5.2% in January

Tuesday, 2018-02-13 03:33:07
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Government revenues for January were estimated at US$5 billion.
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NDO - Vietnam’s budget revenues for January were estimated at VND114.2 trillion (US$5 billion), up 5.2% over the same month in 2017, the Ministry of Finance (MOF) has reported.

The figure is equivalent to 8.7% of the target for 2018.

Official data showed that domestic revenues reached VND95.5 trillion (US$4.2 billion), down 1.4% from a year earlier.

Revenues from crude oil were estimated at VND4.1 trillion (US$180.4 million), up 48.6% against January 2017, thanks to higher oil prices, which have risen by an average of US$7.4 a barrel.

According to the MOF, revenues from export-import activities reached VND14.5 trillion (US$638 million) after value added tax had been refunded.

In January, total government spending was estimated at VND91.5 trillion (US$4 billion), with 80% going to regular spending on socio-economic development and welfare benefits.