Photo for illustration (Source: VNA)

Domestic revenue is estimated at VND621.5 trillion (nearly USD26.9 billion), an increase of 14.3 percent from the same period last year. The figure was equal to 56.5 percent of the projection for the whole year.

Revenue from crude oil surged 34.3 percent year on year to VND35.4 trillion (over USD1.5 billion), accounting for 98.5 percent of the yearly projection, while import-export activities brought in VND172.5 trillion (over USD7.4 billion), representing a year-on-year rise of 3.4 percent.

The export-import activities in the period under review maintained stable growth, with total value up 12.7 percent against the same period last year.

According to the Ministry, State budget spending was at VND759.7 trillion (over USD32.6 billion), equal to 49.9 percent of the yearly projection and up 9.8 percent compared to the same period last year.

Of this, development investment spending, debt payment, and regular spending  were VND150.45 trillion ( nearly USD6.46 billion), VND68.8 trillion (USD2.95 billion), and VND534 trillion (USD22.9 billion), up 26 percent, 10.4 percent, and 5.1 percent compared to the figures of the same period last  year, respectively.

The Ministry said tax authorities have carried out over 30,000 inspections and collected nearly VND5.8 trillion (nearly USD249 million) for the State budget. They also worked to prevent transfer pricing and reduce losses with a total value of over VND9 trillion (USD386.3 million) and retrieved VND18 trillion (USD772.6 million) in tax debt.

In addition, customs agencies have conducted 4.400 post-clearance inspections, collecting VND1.48 trillion (USD63.5 million) for the State budget./.