Dak Nong focuses on solutions to increase budget revenue from the beginning of the year

3 months revenue reached 36% of the central government's assigned estimate

In the first months of 2025, Dak Nong's socio-economic situation faced many difficulties. However, with many efforts, Dak Nong's state budget revenue was still high.

By the end of March 2025, total budget revenue in Dak Nong was VND 1,021 billion, reaching 36% of the central budget estimate and nearly 30% of the local budget estimate. Compared to the same period in 2024, budget revenue increased by 29%.

Tax officers of Tax Department of Region XIV support tax policies for Dak Nong people

According to the Department of Finance, in the first quarter of 2025, many sectors with high revenue contributed to the budget. A typical example is the export and import revenue sector. In the first 3 months of the year, this sector collected 32 billion VND, reaching 32% of the local budget estimate, up 97% over the same period last year.

The reason for the high export and import revenue is mainly from export tax on aluminum products and value added tax on imported machinery and equipment of Dak Nong Aluminum Electrolysis Plant.

Dak Nong Aluminum Electrolysis Plant increases import of machinery and equipment with high tax value, contributing to increasing budget revenue

In the first months of the year, Dak Nong also recorded high revenue from environmental resource tax. In this field, the resource tax and late payment fees of Dak Nong Aluminum Company in 2024 alone were transferred to VND 379 billion.

In addition, in the first quarter of 2025, many additional revenues beyond the budget also increased, such as contractor tax of the wind power project of VND 3.8 billion.

According to the Department of Finance, in 2025, the unit will face difficulties and have to handle a lot of work according to the policy of merging agencies and units. However, this does not mean that the entire industry will neglect the task of collecting budget.

From the beginning of the year, the Department of Finance coordinated with the Tax Department of Region XIV to strengthen effective collection. The unit coordinated with related sectors to implement solutions to prevent revenue loss.

Dak Nong actively supports tax exemption and reduction policies, creating favorable conditions for business operations.

Land revenue is a focus of tax agencies. Tax administration reform to help businesses save time and travel costs is also being promoted by tax agencies. By implementing these solutions, the problem of budget deficit has been promptly resolved.

Particularly, the tax authorities have stepped up propaganda and dissemination of policies and laws on taxes, fees and charges. Administrative reform, building of taxpayer databases, and expanding the implementation of electronic invoices have also been promptly implemented.

In the first months of the year, many unexpected revenues also increased, such as contractor tax of wind power projects.

Tax authorities strengthen dialogue and exchange with local businesses to promptly resolve difficulties and problems, creating favorable conditions for businesses to operate effectively.

During the implementation process, difficulties and problems, especially those related to tax, fee, and charge revenues, were promptly resolved by the tax authorities.

In 2025, Dak Nong set a budget revenue target of 3,503 billion VND. Of which, revenue from taxes and fees is 2,879 billion VND; revenue from land is 450 billion VND, the rest is from other sources.

Exploiting the potential well

Currently, the socio-economic situation of Dak Nong has not been free of difficulties. However, Dak Nong still has bright colors to expect to implement the proposed budget revenue target.

Priority sectors include industry, agriculture, urban areas, tourism, trade and services. In particular, the province focuses on attracting projects with advanced technology, high technology and environmental friendliness to ensure sustainable development.

The Gia Nghia (Dak Nong) - Chon Thanh (Binh Phuoc) expressway project has started construction and will contribute to increasing the State budget revenue.

First of all, we must mention the Dak Nong Aluminum Electrolysis Plant Project. Currently, the project is in the final stage, importing machinery and equipment from abroad. The first product will be available in the second quarter of 2026.

The Gia Nghia (Dak Nong) - Chon Thanh (Binh Phuoc) expressway project is being prepared by the province in all conditions, ready to start construction before June 30, 2025. When the project is implemented, it will promote public investment development, thereby contributing to the State budget.

Not to mention, Dak Nong is speeding up the completion of all procedures and documents, quickly approving investment policies for a number of bauxite mining and processing clusters. Of which, the earliest expected is the Dak Nong 2 bauxite cluster in Quang Son commune, Dak Glong district.

Dak Nong promotes public investment to increase budget revenue

In addition, many large projects in the fields of agriculture and tourism are being researched by investors and are awaiting investment policies in Dak Nong. All are considered a new wind to promote the local economy, which directly contributes to the State budget.

According to the Department of Finance, the entire sector is currently improving the quality of propaganda and support for people and businesses in many areas. Many tax exemption and reduction policies for people and businesses will be actively implemented by the Finance sector.

The Finance sector has been implementing well management processes and promoting administrative procedure reforms related to the budget sector. Through these forms, the whole sector will remove difficulties and create the most favorable conditions for taxpayers to operate effectively.

Officers of Tax Department of Region XIV support business households in Dak Nong area

To do this, in addition to the efforts of the Finance sector, departments, branches and local authorities focus on closely directing budget collection work.

Relevant agencies and units closely coordinate with tax and customs authorities to strengthen revenue management. Because for large revenues and newly arising revenues, the coordination of many sectors and units is needed.

This year, the province has set 11 high economic and social development targets. Of which, GRDP growth reached 8.11%; per capita income reached 85 million VND; State budget revenue was over 3,500 billion VND; total social investment capital was 26,000 billion VND...

2025 is the final year of the 5-year plan 2020 - 2025. Therefore, the implementation of socio-economic development targets in 2025, especially in terms of budget revenue, is of special importance to Dak Nong province.

Up to now, Dak Nong has attracted 412 non-budget investment projects, with a total registered capital of VND85,500 billion. Of these, 399 projects are from domestic capital sources, accounting for 79.5% of the total registered investment capital.

Source: https://baodaknong.vn/dak-nong-tap-trung-cac-giai-phap-tang-thu-ngan-sach-tu-dau-nam-247951.html