Dong Nai strives to increase state budget revenue by double digits

Vietnam's import and export goods subject to US tariffs will cause many difficulties for the economy. Photo: N. Lien

By the end of the first quarter of 2025, Dong Nai's state budget revenue will reach over 19.6 trillion VND. Of which, domestic revenue will be over 15 trillion VND, reaching about 39% of the ordinance estimate; revenue from the import-export sector will be 4.6 trillion VND, reaching nearly 25% of the assigned plan. Although the province's state budget revenue is quite good, according to the assessment of financial agencies, with the US's reciprocal tax policy, the state budget revenue situation will face many challenges and difficulties.

Solutions to increase revenue

In 2025, Dong Nai is assigned the task of collecting over 62 trillion VND in state budget revenue. Of which, revenue from the import-export sector will reach 22.3 trillion VND, and domestic budget revenue will be over 40 trillion VND. In the first quarter, both sectors of state budget revenue have achieved positive results.

Deputy Head of the Regional Customs Branch XVIII (Region 18 Customs Branch) Le Thanh Van said that by the end of the first quarter, the customs sector collected over 4.6 trillion VND, reaching nearly 25% of the plan. The state budget revenue in the first quarter of 2025 was higher than the same period in previous years.

To achieve the above results, the customs sector has implemented solutions for collection and management of the area, ensuring revenue sources and monitoring arising sources. From the beginning of the year, the customs sector has implemented the directive of the Director of the Customs Department on implementing collection solutions in 2025. For enterprises carrying out customs procedures in Dong Nai, the Customs Sub-Department of Region 18 continues to monitor the business situation to promptly record difficulties and obstacles and remove them so that enterprises can operate better in production and business, ensuring smooth export and import of goods.

In the field of domestic budget collection, according to Deputy Head of Tax Department of Region 15 Nguyen Toan Thang, by the end of the first quarter of 2025, domestic budget collection will reach over 15 trillion VND, reaching 39% of the ordinance estimate and meeting the set progress.

Regarding the forecast of domestic budget revenue in the coming time, Mr. Nguyen Toan Thang said that currently, enterprises are focusing on production and export to take advantage of the 3-month extension of the US's 46% reciprocal tax. Therefore, the tax sector also focuses on collecting budget revenue in the second quarter to ensure revenue sources for the state budget. Accordingly, the tax sector must increase management of tax registration, tax declaration, tax accounting, and tax refund processing for the right subjects and in accordance with the law. Maintain data control on the tax management application system. In addition, the tax sector will conduct inspections and supervision of taxpayers' tax declarations at tax agency headquarters. At the same time, the tax sector will improve the efficiency of using databases from the electronic invoice system in comparing and analyzing tax declarations, etc.

Chairman of the Provincial People's Committee Vo Tan Duc requested the Provincial Land Fund Development Center to focus on implementing the Provincial People's Committee's plan on land auctions in 2025, which is expected to collect nearly 21 trillion VND. The Tax Department of Region XV and localities must collect the correct and full amount of taxes from over 37,500 individual business households in operation.

Prepare response scenarios

It is forecasted that from the third quarter of 2025, the US will apply a reciprocal tax policy on Vietnamese goods imported into the US of 46%. At that time, the economic situation will be affected and face many difficulties, affecting the state budget revenue. To ensure revenue, units have prepared response scenarios.

According to Le Thanh Van, Deputy Head of the Customs Sub-Department of Region 18, the customs sector will review investors and import-export enterprises to grasp the situation and propose timely solutions to the province. For example, at the Long Thanh International Airport Project, there are currently 15 contractors winning bids for the projects. Of these, it is expected that nearly 50% of enterprises will have a need to import goods. Therefore, the sub-department is continuing to monitor the activities of contractors so that when there are import activities, there will be complete customs procedures; at the same time, the customs sector recommends that the Ministry of Finance, if contractors register to declare customs procedures in Dong Nai, when goods inspections arise, they will be carried out right at the border gate.

Assessing the impacts on the economic situation, Chairman of the Provincial People's Committee Vo Tan Duc said that the US's imposition of a 46% reciprocal tax on all Vietnamese exports to the US will have a significant impact on the growth targets of Vietnam in general and Dong Nai in particular.

The US is currently Dong Nai’s largest export market, accounting for about 30% of the province’s total export turnover. According to the double-digit growth target, Dong Nai province is expected to increase exports by 10% in 2025, equivalent to 26.3 billion USD. Therefore, the province is supporting businesses to promote trade to expand exports to other markets to minimize risks.

To ensure state budget revenue, Chairman of the Provincial People's Committee Vo Tan Duc stated that in 2025, the estimated budget revenue is over 60 trillion VND. However, the tax sector strives to collect domestic revenue of 46.5 trillion VND, an increase of 11% compared to 2024, and the customs sector strives to collect import and export revenue of over 22 trillion VND. The Chairman of the Provincial People's Committee requested the Tax Department of Region 15 and the Customs Department of Region 18 to develop a detailed plan for budget revenue in 2025. In particular, specify the tasks of each individual and leader to ensure correct and sufficient collection, ensuring the budget revenue target in 2025.

Ngoc Lien

Source: https://baodongnai.com.vn/kinh-te/202504/dong-nai-no-luc-thu-ngan-sach-nha-nuoc-tang-2-con-so-5d64c99/