According to the Da Nang Customs Department, the total tax collected between January and June is estimated to be around 850 billion VND, a decrease of 26.37% year-on-year, and representing only 29.4% of the year’s target set by the Vietnamese Ministry of Finance.  The fall was mainly attributed to a decline of 82.4% in tax collections from local petroleum trading activities.  In recent years, these particular tax payments have contributed significantly to the department’s collections.

Since the beginning of this year, the department’s Tax Collection Division and local relevant agencies have taken strong measures to collect tax debts from local businesses.  As a result, 127.29 billion VND has been collected from overdue tax arrears so far.  Of this, 9.4 billion VND-worth of debts was from previous years, whilst the remainder was from this year.