Ho Chi Minh City tax revenues top $4.3 bln

Ho Chi Minh City’s revenues topped VND96.6 trillion (US$4.3 billion) in the first half, with tax revenues from the private sector rising and that from the state sector falling.
The amount was 9.5 percent up year-on-year and around half of this year’s target of VND195.8 trillion, according to the city tax agency.
Beer, tobacco and real estate firms were the major contributors.
Vietnam Brewery Limited paid more than VND880 billion, 34 percent higher than last year, Saigon Beer-Alcohol-Beverage Joint Stock Corporation paid VND325 billion, up 94 percent.

Saigon Tobacco Company, Novaland, Tan Lien Phat Construction Investment Corporation were among the other major tax payers.
Revenues from state-owned firms, especially in the oil sector, declined.
PV Oil paid VND31 billion, nearly 89 percent less than last year.
PV Drilling paid VND15 billion, down 68.5 percent.

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