In the context of economic difficulties, many businesses shut down and dissolved, but the revenues from the tax budget management first half of this year rose 2.4% over the same period.

Data published in the tax conference held in Ho Chi Minh City last week showed the first 6 months of revenue due to tax management industry is estimated at 279,875 billion, with 48.1% of the plan year and up 2.4 % over the same period last year. In which crude oil is estimated at 58,930 billion, up 7.8%. Excluding oil, the domestic revenue is estimated at 220,945 billion, up 1.1% last year. Total revenue excluding land use fee is estimated at 205,880 billion, up 6.7%.

The tax itself is seen good results in the context of economic difficulties, many challenges directly impact the revenue budget. The first 6 months, with 37,662 newly established businesses, but businesses have to break 21,678 and 22,230 business enterprises shut down. Total tax of the tax debt by the end of May was 51,024 billion, up 45% compared to last year. However, if over the same period in 2011, down 2% bad debt collection.

"This represents the industry's efforts in strengthening the coordination between divisions, limitations and overcome the" virtual debt, "debt relief pending, reduce bad debt collection," the tax identified at the conference.

Speaking at the conference, Finance Minister Vuong Dinh Hue said that the task of the last 6 months tax very heavily, in terms of economic, business, importing and exporting more difficult visual impact followed by the task of collecting the tax. However, ministers also evaluated, besides the difficulties there are also favorable factors can increase the revenue impact to the budget as disbursement of funds increased in the last months; the increased demand by removing policy on procurement, public expenditure ...