Tag: Q1/2022

According to the General Department of Taxation, thanks to improvements in services and the recovery of business, total State budget revenue in the first quarter of 2022 reached nearly VND390 trillion ($17.18 billion), up 5.3 per cent over the same period of 2021. The budget will forego revenue of more than VND20 trillion ($881.9 million) due to reductions in environmental protection taxes on petrol and oil from April 1. The tax sector will therefore need to make every effort to complete its budget tasks in the second quarter.

The State Treasury of Vietnam has announced a plan to auction government bonds in the first quarter of 2022 through the Hanoi Stock Exchange (HNX). The total issuance is to be VND105 trillion ($4.64 billion), including for Vietnam Social Insurance. The bonds will have maturities of five years, seven years, ten years, 15 years, 20 years, and 30 years.