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HCM City s State budget collection up 2 9 percent in January | Business

HCM City’s State budget collection up 2.9 percent in January - Illustrative image (Photo: VNA) HCM City (VNA) - Ho Chi Minh City in January were estimated at 42.47 trillion VND (1.84 billion USD), 11.6 percent of the estimate and up 2.9 percent year-on-year, according to the municipal Statistics Office. Domestic budget collections declined 3.5 percent year-on-year to 31.27 trillion VND, accounting for 73.6 percent of the total. Revenue from crude oil totalled 800 billion VND, down 55.5 percent. Notably, revenue from exports and imports surged 47.2 percent annually to 10.4 trillion VND. The increase is linked to good growth of the city’s import-export activities in the period, at 46.9 percent year on year.

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