Tax revenue reaches 663.843 trillion VND in first five months

Vietnam’s tax revenue in the first five months of 2023 was estimated at 663.843 trillion VND (28.27 billion USD), as shown by data from the General Department of Taxation (GDT).

The figure is equivalent of 48.3% of the full-year target and down 3.1% from the same period last year.

Among the 20 revenue sources, 12 have exceeded 48% of their full-year targets while 8 were below 48%.

A breakdown of provincial tax departments shows that 17 achieved over 48% of their targets, 21 reached between 42% and 48%, and 25 performed below 42%.

In the first five months of the year, in addition to implementing support packages for enterprises to restore their production and business, the tax revenue sector also increased inspection to prevent revenue loss and recover tax arrears.