revenue

Businesses ramping up production to meet year-end deadlines

In the final months of the year, numerous businesses are accelerating their production to fulfill delivery commitments.

Society – Economy

Petrovietnam aims for over US$39 billion in 2024 revenue
The Vietnam Oil and Gas Group (Petrovietnam) is taking strong measures to earn VND1 quadrillion (US$39.4 billion) in revenue this year.
Tax revenue hits over VND1.4 quadrillion in ten months
On November 7, the General Department of Taxation under the Ministry of Finance released information on the total State budget revenue for the first ten months of 2024, managed by tax authorities.

Hanoi’s retail sales, services revenue up 9.4% in October
Hanoi’s total retail sales of goods and consumer services revenue reached VND77.5 trillion (over US$3 billion) in October, up 2.7% month-on-month and 9.4% year-on-year, according to the municipal People’s Committee.
Coffee price hikes push export revenue up
A sharp rise in export prices has been the major reason behind a surge in the export revenue of Vietnamese coffee sector so far, according to the Vietnam Coffee-Cocoa Association (Vicofa).
Travel bans for tax evaders significantly boost tax revenue
Temporary departure suspensions for tax debtors have increased more than sixfold in the first eight months of 2024 compared to the entire previous year. While this measure has proven effective in tax recovery, it has also raised concerns.
Import-export revenue rises over 16% in nine months
Revenue from import-export activities hit US$578 billion in the first nine months of 2024, a rise of over 16% year on year, according to the General Statistics Office (GSO).

Tax revenues exceed VND1.2 quadrillion in first nine months
The General Department of Taxation under the Ministry of Finance announced the total state budget revenue accumulated in the first nine months of 2024 is estimated at over VND1.2 quadrillion (US$48,584,720,767).
Tourism sector thrives during National Day holiday
During the four-day National Day holiday, numerous destinations across the country saw a significant increase in visitors.
Lào Cai sets strong growth in tourism revenue
The northern mountain province of Lào Cai has seen strong growth in the tourism revenue so far this year thanks to its effective measures to optimise its advantages and update new travel trends.
Vietnam welcomes nearly 7.6 million int'l tourists in five months
Vietnam served nearly 7.6 million international holiday-makers in the first five months of this year, up 64.9 percent year-on-year and 3.9 percent compared to the same period in 2019 before the Covid-19 pandemic broke out.
Over 61,000 books sold on Thu Duc Book Street in four months
From the opening day on December 22, 2023 to April 30, 2024, more than 61,262 books were sold on Thu Duc City Book Street, generating a total revenue of over VND4.5 billion (US$176,000).
Vietnam's state budget collection up nearly 15 percent in five months
Total state budget collection in the first five months of 2024 was estimated to reach VND898.4 trillion (US$35.2 billion), equivalent to 52.8 percent of the yearly estimate.
Vietnamese film revenue tops $40 million in five months
Based on statistics from the independent unit Box Office Vietnam, in the first quarter of 2024, Vietnamese film revenue reached VNĐ600 billion. Among them, director Trấn Thành's film, Mai, earned VNĐ550 billion, leading the list of most popular Vietnamese films in history.

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