Topic: revenue

Corporation’s five-year production and trade plan has been approved.

Figure exceeds yearly target by over 5%.

Northern province, home of Ha Long Bay, expects to welcome 15.5 million tourists this year.

2022 revenue 35 per cent higher than annual target.

Exports rose 13.4 per cent year-on-year in the first eleven months despite a slight dip in November.

Dr. Alex Pham, who holds a Ph.D. in Property Economics, is a Lecturer at Western Sydney University, and is General Director of FINA, said that one of the main reasons for losses of tax revenue in real estate transactions in Vietnam is a lack of transparency. He suggested it could learn from models in neighboring counties such as Thailand, Malaysia, and Indonesia.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in September 2022, pangasius export turnover reached $161 million, up 97 per cent over the same period last year. Accumulating the first 3 quarters of 2022, pangasius export revenue reached $2 billion, up 82 per cent over the same period last year. With positive results and a recovery trend in the coming months, Vietnam's pangasius export turnover in 2022 is forecast to reach $2.5-2.6 billion, one and a half times higher than in 2021.

The Hanoi Department of Planning and Investment has said that the capital’s socio-economic situation saw positive results in the first nine months of 2022. Its gross regional domestic product (GRDP) increased 9.69 per cent year-on-year, while State budget revenue rose 13.7 per cent and the Index of Industrial Production (IIP) 8.6 per cent. Hanoi attracted $1.019 billion in FDI in the period, up 18 per cent year-on-year.

Tax revenue has shown signs of deceleration in recent months. To exceed estimates by 15.5 per cent, the tax sector will drastically increase revenue from e-commerce activities and build big data from e-invoices to readily track fraud.

Vietnam’s insurance technology (insurtech) market, which accounts for only 2-3 per cent of total revenue in the insurance market, has a lot of potential to develop. A representative from one insurtech company said the local market is expected to soon reach into the tens of billions of dollars, and the comprehensive application of digitalization in the insurance industry will drive sustainable market growth.