The Border Province’s Impressive Fiscal Performance: Surpassing Expectations with a Revenue of Over 9.7 Trillion VND in 11 Months, Reaching 99% of the Annual Estimate.

According to Báo Tây Ninh, citing reports from the Tay Ninh Taxation Department, the estimated state budget revenue for November 2024 was VND 530 billion, with a cumulative 11-month revenue of VND 9,771 billion. This amounts to 99.4% of the target assigned by the Government and 98.7% of the target set by the Provincial People’s Council and People’s Committee.

The estimated state budget revenue for 2024 is VND 10,450 billion, which is 106.3% of the Government’s target and 105.6% of the target set by the Provincial People’s Committee. This represents a 6.2% increase compared to the previous year’s performance.

Out of the 15 revenue items and taxes, 11 have met or exceeded their targets. These include taxes from foreign-invested enterprises, non-state economic sectors, land use fees, fees and charges, environmental protection taxes, land rental fees, mineral exploitation fees, post-tax dividends, lottery proceeds, other budget revenues, and revenues from public welfare funds and other sources.

In the first nine months of 2024, total state budget revenue in the province reached 84.1% of the estimate, a surge of 14.6% from the same period last year. Notably, there was a significant increase in corporate income tax from foreign-invested enterprises, value-added tax, and corporate income tax from the non-state economic sector.

A bright spot is that 8 out of 9 districts, towns, and cities have achieved revenue above 75% of the target. Among them, Go Dau district reached 103.9%, surpassing the set target. Tan Bien district attained 95.8%, while Ben Cau district reached 93%… Additionally, the province’s export turnover reached 80.4% of the plan, marking a 12.8% increase.

According to the Tay Ninh Taxation Department, 2025 is the final year of the 2021-2025 plan. The economy is expected to adapt flexibly and gradually recover and develop.

The estimated state budget revenue for 2025 is projected to reach VND 11,458 billion, a 9.6% increase compared to the estimated performance in 2024. The estimated total domestic revenue, excluding lottery proceeds and land use fees, is VND 8,008 billion.

In 2025, the Tay Ninh Taxation Department will focus on closely monitoring and evaluating the state budget collection situation in the last months of the year, broken down by revenue sources and localities, in line with the economic recovery trajectory. This will enable accurate forecasting of revenue potential, especially regarding sources influenced by supportive policies, consumption stimulus packages, and other fiscal and monetary policies.

Emphasis will be placed on tax management for business households in the province, particularly those engaged in e-commerce. Information technology applications will be leveraged to manage these households, facilitating connections with the national database on population to enable electronic identification and authentication and prevent tax evasion.

Efforts will also be made to expedite the implementation of the approved tax inspection and examination plan. Risk analysis and business information gathering will be prioritized before deployment to avoid overlap and enhance the effectiveness and quality of inspections and examinations.

Tay Ninh’s Economy Shows Positive Growth

Tay Ninh is a province in the Southeast region of Vietnam, sharing a border with Cambodia. The province has been witnessing positive growth signals.

According to Mr. Nguyen Thanh Ngoc, Chairman of the Tay Ninh People’s Committee, production and business activities are showing signs of strong recovery, leading to an expected GRDP growth rate of 7.2% for the province in the first nine months. The province’s policies and solutions to address difficulties and obstacles have been effective.

As per statistics from the Tay Ninh People’s Committee, in the first nine months of 2024, most industrial production sectors witnessed growth compared to the same period last year. The industrial production index (IIP) increased by 13.4%.

Agricultural production has been maintained stable, with the area of cultivated crops reaching 237,767 hectares, equivalent to 92.3%, and a 0.4% increase over the same period. The province has successfully converted 119.5 hectares of crop structure, an increase of 99.5 hectares compared to the previous year. Efforts to promote agricultural development, especially in the field of high-tech agriculture, have attracted strategic investors, bringing high value to the industry.

Tourism is another bright spot in the province’s economic and social landscape for the first nine months. According to Mr. Tran Anh Minh, Director of the Provincial Department of Culture, Sports, and Tourism, tourism activities have been vibrant, with approximately 4.5 million visitors to tourist attractions, reaching 81.5% of the plan and a 7.1% increase. The total tourism revenue is estimated at VND 2,384 billion, equivalent to 103.7% of the plan and a surge of 41.7% compared to the same period.