Ha Noi: Budget revenue increases by over 18% (21:35 08/08/2018)

HNP – According to the Ha Noi Statistics Office, in addition to increasing the number of tax payers, many businesses have focused on investing and expanding their production and trade, which have significantly contributed to state budget revenue.

Accordingly, in the first seven months of 2018, budget collection was estimated to have reached VND 128,794 billion, accounting for 59% against the yearly estimate and posting a year on year surge of 18.3%, in which, revenue from crude oil was estimated at VND 1,866 billion, reaching 99.8% over the estimate, up 37.5%.

Regarding total domestic revenue, the Central’s State-owned enterprise sector was estimated to collect VND 27.108 billion, accounting for 51.3% of the estimate, up 21.1%.

Meanwhile, local State-owned enterprises were estimated to collect VND 1,749 billion, accounting for 63.6% of the estimate, up 15.7%. Thereby, seven-month revenue touched VND 14,791 billion, accounting for 48.3% of the estimate, up 3.6%. Besides, the collection from lottery and non-state sectors rose by 27.4% and 24.5% respectively.

Credit growth rate touches 9.3%

The Ha Noi Statistics Office shows that the capital mobilization from credit institutions in the first seven months was estimated to fetch over VND 2.8 quadrillion, up 1.7% compared to the previous month and 8.2% compared to the end of last year. In which, the total deposit reached VND 2.7 quadrillion, accounting for 94.7% of the total mobilized capital, up 1.7% compared to the previous month and 8.5% compared to December, 2017; issuance of valuable papers reached VND 150 trillion, accounting for 5.3% of the total mobilized capital, up 1.2% and 2.6%.

Total credit balance in the city was estimated at over VND 1.7 quadrillion, up 1.8% compared to the previous month and 9.3% compared to the end of December, 2017, in which, outstanding loans reached  over VND 1.5 quadrillion, accounting for 87.4%.

By the end of July, the overdue loan rate is expected to account for 2.6% of total outstanding loans.

By Tran Huong

(Source: HNMO)

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