Vietnam seeks 15 percent increase in tax revenues next year: report

Thanh Nien News

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 Photo: Ngoc Thang
In a recently-announced fiscal plan for next year, the Ministry of Finance said revenues from taxes and fees should increase by at least 15 percent compared to 2015, news website Saigon Times Online reported on Monday.
The revenues will be equivalent to 18-19 percent of the gross domestic product, the ministry was quoted as saying in the plan.
Vietnam's government planned to collect VND638.6 trillion (US$28.83 billion) in taxes and fees this year, or over 70 percent of revenues.
Over the first six months the government achieved 49 percent of the revenue target, the finance ministry reported early this month.

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