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According to the tax authorities' assessment, budget revenue in the first five months of the year was quite good, primarily due to the continued improvement in production and business activities in the province. The implementation of tax and fee exemption and reduction policies has had a positive impact on the recovery of businesses.

In addition, businesses and production and trading households have raised their awareness and sense of responsibility in complying with the State's tax policies.

Mr. Tran Viet Hung, Director of Viet Hung Steel and Sheet Metal Trading Company Limited, Thanh Hoa province.
Mr. Tran Viet Hung, Director of Viet Hung Steel and Sheet Metal Trading Company Limited in Thanh Hoa province, said: "Our business is thriving compared to the same period in 2023, orders are stable, and we benefit from a 2% tax reduction, so we have the conditions to invest and develop. The tax authorities are supportive and attentive in guiding businesses, and we expect production and business to improve even more, contributing taxes to the state."
From the beginning of the year, the Thanh Hoa Provincial Tax Department proactively analyzed factors affecting revenue collection for each sector and tax category, especially large-scale revenue sources, thereby developing effective collection management measures and solutions. Simultaneously, they regularly monitored, reviewed, and evaluated budget revenue collection tasks in each locality and unit to ensure timely collection. Regional tax offices throughout the province actively coordinated with local authorities to resolve difficulties and support businesses in developing production and business activities; focusing on recovering outstanding tax debts and land use fees, and implementing comprehensive tax management solutions.
Source: 6 PM News Bulletin, June 6th
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