Long An tops Mekong Delta region in 2018 budget collection

15:07 | 20/12/2018 Economy

Long An province led localities in the Mekong Delta region in budget collection in 2018, which hit over 13.8 trillion VND (over 595 million USD), 3.8 trillion VND higher than the target set for the year. 

The Long Hậu Industrial Park in Can Giuoc district, Long An province

According to the provincial People’s Committee, the province’s domestic collection reached 11.9 trillion VND while import-export activities contributed 1.95 trillion VND to the budget.

However, many sectors’ collection failed to reach their estimates, even lower than those of the previous year.

Collection from State-owned and foreign-invested enterprises was 365 billion VND and 1.55 trillion VND, equivalent to 88 percent and 67.4 percent of the estimates, respectively.

Long An sets to collect over 13.74 trillion VND for the State budget in 2019, up 60 billion VND compared to the target assigned by the Government.

To fulfill the goal, the provincial People’s Committee asked departments, sectors and localities to focus on implementing synchronous and effective solutions for budget collection, while intensifying collection management; stepping up tax inspection to combat tax losses, transfer pricing, tax evasion; and resolutely handling tax arrears.

Attention will be paid to fostering investment promotion activities, facilitating investment and business of enterprises through removing barriers and unreasonable business and investment conditions that obstruct firms’ operation.

Besides, the locality will also accelerate the rearrangement of organisation and management apparatuses and improve the quality and effectiveness of public agencies, speed up the State capital divestment, as well as promptly and strictly handle violations related to financial accounting and reporting.

Theo VNA