Photo for illustration. (Source: baodautu.vn)

Under the Directive, Gross Domestic Product (GDP) growth rate is expected to reach 6.8%. Localities should use Gross Regional Domestic Product (GRDP) data in the first half of 2018 of provinces and centrally-governed cities, announced by the Ministry of Planning and Investment’s General Statistics Office, to estimate and forecast development prospects and specify GRDP targets appropriately.

Proportion of tax and fees contributed to State budget is estimated to reach about 21% of GDP. Domestic collection (excluding collection from crude oil, land using fee, lottery, State capital withdrawal from enterprises, dividends and after-tax profits) will increase at least 12-14% compared with the estimated in 2018.

The specific increase depends on the conditions and characteristics, and is suitable with the economic growth rate in each locality. Collection from export and import activities is forecast to rise at least 4-6% compared with the estimated of this year./.

BTA