The important contributions of enterprises to the state budget
In 2024, with the timely and effective support and assistance of Party committees, authorities at all levels, specialized sectors and the great efforts and determination of the business community and entrepreneurs, the production and business activities of most enterprises have been maintained stably and have developed, contributing significantly to the provincial budget.
Production at Takagi Vietnam Co., Ltd. (Thang Long II Industrial Park)
Tien Hung Joint Stock Company (Tien Lu) is a non-state enterprise specializing in the production of export garments. Over the years, the company has always strictly complied with the provisions of law in its production and business activities. Currently, the company is creating stable jobs for over 4,000 workers with an average salary of 10 million VND to 12 million VND/person/month. With the prestige of the enterprise in the textile and garment industry, the company is constantly expanding its export market. Thanks to that, not only the annual revenue and profit increase, but the amount paid to the state budget also increases. In 2023, the company paid 28 billion VND to the state budget; in 10 months of 2024, the company has paid over 29 billion VND to the state budget.
During its operation, Hung Yen Petroleum One Member Limited Liability Company (abbreviated as Hung Yen Petroleum Company) always complies with the provisions of the law, is open and transparent in its business activities. Mr. Tran Tan Dai, Director of the Company, said: In the coming time, the company will improve the organization, operation and management of petroleum business activities; proactively source goods, carry out reserves according to regulations, ensure adequate supply to the market in all situations. At the same time, continue to direct the promotion of digital transformation in gasoline and oil trading activities... When businesses operate effectively, they will create resources to contribute to the state budget. In 2024, the company strives to contribute 255 billion VND to the state budget.
With the proactive rise of the business community and especially the creation of a good investment environment for business development activities in the province, the businesses operating effectively will contribute to the rapid and sustainable economic growth of the province, which is also the foundation for contributing to the state budget. Some typical businesses in performing tax policies and laws as well as making great contributions to the provincial budget in recent years are: Hung Yen Power Company - Branch of Northern Power Corporation, Joint Stock Commercial Bank for Investment and Development of Vietnam – North Hung Yen Branch; Hung Yen Branch - Daikin Air Conditioning Joint Stock Company (Vietnam)...
According to the statistics of the Provincial Tax Department, in the first 10 months of 2024, the total domestic budget revenue of the province has reached nearly 30,992 billion VND, seeing an increase of 31% over the same period in 2023. Of the total domestic revenue, the revenue from the enterprise sector reached nearly 16,849 billion VND, accounting for over 54% of the total domestic revenue of the province, of which the central state-owned enterprise sector contributed nearly 149 billion VND to the state budget; the local state-owned enterprise sector contributed over 36 billion VND; the foreign-invested enterprise sector contributed over 2,920 billion VND; the non-state-owned enterprise sector contributed nearly 13,744 billion VND to the state budget.
In order to be determined to fulfill the task of the state budget collection in December - the last month of 2024, Mr. Nguyen Duc Son, Director of the Provincial Tax Department, said: The provincial tax sector will continue to closely coordinate with all levels, sectors and localities to promote the dissemination of tax policies and laws, promptly remove difficulties and obstacles for businesses to contribute to improving the investment environment of the province, increase the effectiveness and efficiency of tax management; boost the application of information technology, modernize the tax management software system, simplify administrative procedures, improve service quality, create favorable conditions for taxpayers to declare and pay taxes promptly according to regulations; continue to make efforts to collect the budget with the motto of collecting correctly, fully and promptly all taxes, fees, charges and other budget revenues; proactively and closely manage revenue sources, prevent revenue losses, and exploit potential revenue sources to offset revenue shortfalls. In addition, resolutely and promptly handle cases of taking advantage of tax refund fraud policies and violations of tax policies...
