Of the three main groups of budget revenues, revenues from crude oil and import-export taxes have so far exceeded the yearly estimate. The new domestic revenue alone is equal to 88% of the estimate, due to the impact of the COVID-19 epidemic causing disruption to domestic production and business activities and policies to reduce taxes and fees to support businesses and people.

More information at the November working meeting of the Ministry of Finance that just took place, General Director of Taxation Cao Anh Tuan said that the total budget revenue of the tax sector in the past month reached 121,482 billion VND, doubled. Compared to September. Explaining the sharp increase in revenue in October, according to Mr. Tuan, the COVID-19 epidemic was gradually controlled nationwide, so production, business, investment, consumption, and travel activities began to recover. recovery, especially in key economic localities such as Ho Chi Minh City, Binh Duong, Dong Nai, Ba Ria - Vung Tau, Hanoi... (these localities account for most of the budget revenue). Besides, the budget has recovered about 20,000 billion dong from the tax and land rent at the end of the extension period; The amount of revenue generated increased (especially tax revenue from real estate transfer activities, registration fee in October more than doubled compared to the previous 2 months)…

This year's tax revenue also partly benefits from the space from the economic recovery in the last months of 2020 (but will be paid to the state budget in early 2021). In which, a number of hot growth industries helped the budget payment increase sharply, such as: Banking, securities, real estate, automobile manufacturing and assembling... Also according to Mr. Tuan, the tax industry also strengthened the tax services. activities against loss of revenue, such as through tax inspection activities, petitioned to handle more than 36,900 billion VND; recover outstanding debts over VND 23,100 billion; increase revenue from e-commerce activities, digital content, software production...

Finance Minister Ho Duc Phuc said that in the context of the epidemic, the financial sector has actively advised and proposed to the Government many mechanisms and policies to support people and businesses, such as tax exemption, reduction and extension. , fees, land use fees... In the last two months of the year, Mr. Phuc affirmed that the financial sector strives to complete the assigned tasks.