120 companies in Da Nang were honoured on Monday by Da Nang government as the highest tax payers to watch in 2019 in Da Nang, according to a list compiled by the Da Nang Department of Taxation.

Da Nang People’s Committee Vice Chairman Tran Van Mien was among those attending the event. Mr Mien praised the highest tax payers in Da Nang for their immense contribution to the economy.

Vice Chairman Mien said support from Da Nang government is available for businesses in a bid to help them ensure their sustainable development and drive their post-pandemic recovery.

In 2019, the city’s total budget collection exceeded the year’s target by 0.42% to hit 23,567 billion VND. Of this, the total amount of revenue raised by Da Nang Taxation from domestic sources in the city, excluding the collection of land use fees, hit 20,636 billion VND, up 11.9% against 2018.

By M.QUE - Translated by M.D