Hanoi collects 67,500 billion VND in one month, an economic target increase of over 223%

Hanoi, the capital city of Vietnam, has proven to be a top destination for foreign direct investment (FDI) in the month of January. With its impressive ability to attract FDI, Hanoi has emerged as a leader in this field nationwide.

0
148

According to the Hanoi Statistical Office, the total state budget revenue in the city in January 2024 is estimated at VND 67,542 billion, achieving 16.5% of the plan and decreasing by 14.2% compared to the same period in 2023.

Of which, domestic revenue reached VND 65,700 billion, achieving 17.3% and decreasing by 14.4%. Some key areas of domestic revenue in January are revenue from state-owned enterprises’ area at VND 18,800 billion, achieving 26.6% of the 2024 plan and decreasing by 10.1% compared to the same period last year. The area of businesses with foreign investment reached VND 5,700 billion, achieving 21.5% and increasing by 2.1%.

The area of non-state-owned enterprises reached VND 21,300 billion, achieving 27.1% and increasing by 11.2%; personal income tax reached VND 4,200 billion, achieving 10.2% and decreasing by 4.1%. Land use fees reached VND 1.5 thousand billion, achieving 4.2% and 2.5 times higher; vehicle registration fees reached VND 600 billion, achieving 9.2% and increasing by 5.6%; fees and charges reached VND 2,200 billion, achieving 11.2% and increasing by 28.8%.

Total local budget expenditure in January 2024 is estimated at VND 7,400 billion, achieving 5.1% of the plan and decreasing by 9.2% compared to the same period last year. Of which, development investment reached VND 2,000 billion, achieving 2.5% of the plan and decreasing by 23.2%; regular expenditures reached VND 5,400 billion, achieving 9.5%, decreasing by 2.6%.

An economic indicator increased by 223%

Also in January, the total number of tourists visiting Hanoi in the first month of 2024 is estimated at 540,000, an increase of 2% compared to the previous month and an increase of 84.7% compared to the same period last year.

Of which, international visitors are estimated at 395,000, an increase of 1.9% and an increase of 223% compared to the same period last year. The countries with the most visitors to Hanoi are South Korea (49,000 people), China (33,500 people), USA (31,000 people), Australia (29,500 people); Japan (19,800 people),….

Domestic tourists in January are estimated at 145,000 people, an increase of 2.1% compared to the previous month and an increase of 25.9% compared to the same period last year.

Some other economic indicators of Hanoi in the first month of the new year are quite optimistic. In terms of attracting foreign direct investment (FDI), in January, the city attracted USD 866.8 million – leading the country in attracting FDI. Of which there are 10 newly licensed projects with a total registered capital of USD 859.4 million; 6 projects with increased investment capital with additional registered capital of USD 5.1 million; foreign investors contributed capital, bought shares of 7 enterprises, reaching USD 2.3 million.

In terms of business registration, Hanoi has 2,529 newly registered businesses, an increase of 54% compared to the same period last year, with new registered capital reaching VND 35,400 billion, 2.4 times higher; 3,660 enterprises resumed operations, an increase of 50%; 12.3 thousand enterprises temporarily suspended operations, an increase of 56%; dissolved procedures for 457 enterprises, an increase of 52%; 394 enterprises waiting for dissolution procedures, an increase of 32%.

Hanoi’s export turnover of goods in January is estimated at USD 1.5 billion, an increase of 1.9% compared to the previous month and an increase of 42.7% compared to the same period in 2023.

In the month, groups of goods with export turnover increased compared to the same period: Machinery, equipment and spare parts reached USD 212 million, an increase of 71.7%; textile and garment reached USD 190 million, an increase of 36.4%; computers, electronic products and components reached USD 177 million, an increase of 10.7%; means of transport and spare parts reached USD 152 million, an increase of 37.2%; agricultural products reached USD 120 million, 2.4 times higher than the same period, of which rice reached USD 58 million, 11.3 times higher; petroleum reached USD 116 million, an increase of 16%; other commodities reached USD 380 million, an increase of 55.9%. Only the group of telephones and components reached USD 4 million, a decrease of 73.4%.

Also in January 2024, the City created jobs for 15,500 workers, an increase of 12.6% compared to the same period in 2023.

SOURCEcafef
Previous articleEconomics Expert Dinh Trong Thinh: Proactively Adapting and Accelerating Export
Next articleMany businesses and individuals in Ho Chi Minh City will be exempt from taxes