During January and February, Da Nang saw positive results in its tax collections which will help the city to reach its target of exceeding this year’s estimates by between 5 and 10%.

As of 4 March, the city’s total domestic collections had reached over 1.904 trillion VND, fulfilling 20% of the year’s estimates and exceeding the same period last year by 25.5%. 

Of this, collection from state-owned enterprises, granting mining licences, land-use and registration fees have surpassed over 20% of the year’s estimates.  In addition, budget collections in 6 out of the 7 local districts are reported to have exceeded their targets by 20%.  

Workers at a local company

By 28 February, collections from land-use fees had reached over 431 billion VND, fulfilling 30.82% of the year’s estimate.

The city is aiming to raise its total budget collection by between 5 and 10% by the end of this year and, to keep on track, the aim is to reach 55% of the year’s target by the end of June.  Heed has also been paid to reducing the rate of overdue tax arrears from 6.8% in 2014 to 5% by the end of this year.