Long An province led localities in the Mekong Delta region in budget collection in 2018, which hit over VND13.8 trillion (over US$595 million), VND3.8 trillion higher than the target set for the year.
According to the provincial People’s Committee, the province’s domestic collection reached VND11.9 trillion while import-export activities contributed VND1.95 trillion 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 VND365 billion and VND1.55 trillion, equivalent to 88% and 67.4% of the estimates, respectively.
Long An sets to collect over VND13.74 trillion for the State budget in 2019, up VND60 billion 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.