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The revenue is almost twice the sum it has been assigned for per day this year, municipal vice chairman Vo Van Hoan said at an online meeting Tuesday. He said the government has tasked HCMC with earning VN365 trillion in budget revenues this year, which means it has to earn VND1.5 trillion each day. As of now, the city has collected VND74.5 trillion, up 10.5 percent against the same period last year. "Given what has been happening, the city will be able to complete the mission assigned by the central government," Hoan said. HCMC earned budget revenues of VND410 trillion in 2019, roughly 27 percent of the national figure and 3.3 percent higher than the target. Last year, due to the pandemic impact, it achieved just 91.5 percent of the target, earning VND371 trillion. HCMC’s population makes up 9.5 percent of the nation’s 96 million, its labor force accounts for 8.2 percent of the nation’s, but for several years now, it has repeatedly been the biggest money maker, contributing 25-27 percent of the state’s annual budget collection on average. According to the city administration, in the first two months alone, all socio-economic development indicators in the city had posted better growth over the same period the previous year. The total sales value of goods and services increased 4.7 percent while export turnover reached $8 billion, three times higher than the same period last year. The city’s industrial production index rose by 6 percent and more than 3,800 companies resumed operations in the first two months. However, the city’s service industry is still suffering heavily from the pandemic and in the two months, the tourism sector saw revenues drop 70 percent year-on-year, while the hotel sector recorded a decrease of 14 percent. Vietnam closed its borders and suspended all international flights in March 2020 to curb infection spread and has remained in that state ever since. HCMC was granted autonomous decision-making powers in September 2017 …

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Vietnam sees no fresh Covid-19 infections, six new recoveries The Saigon Times Local residents are waiting for their turns to undergo Covid-19 testing in Hai Duong Province. No new Covid-19 cases were reported in Vietnam this evening, March 2 – PHOTO: VNA HCMC – No new Covid-19 cases were reported in Vietnam this evening, March 2, while six more coronavirus patients have fully recovered and were released from hospital on the day, said the Ministry of Health. Up to now, the country’s tally stayed at 2,472, including 1,898 recoveries and 35 fatalities. Of the total number of infections, 1,561 cases were locally infected, with 868 being recorded since January 27 in 13 provinces and cities across the country. Among them, ten localities have reported no new Covid-19 community cases for 17 days, such as HCMC, Hoa Binh, Dien Bien, Quang Ninh. The capital city of Hanoi also had gone 14 days without reporting any fresh locally-transmitted cases. Further,  nearly 58,800 people linked to coronavirus patients or returning to Vietnam from pandemic-hit regions are undergoing quarantine, according to data of the ministry’s national steering committee for Covid-19 infection prevention and control. …

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HCMC puts daily State budget collections at VND2.9 trillion The Saigon Times HCMC Vice Chairman Vo Van Hoan. HCMC collected some VND2.9 trillion per day for the State budget between January and February – PHOTO: THE HCMC MEDIA CENTER HCMC – HCMC collected some VND2.9 trillion per day for the State budget between January and February, nearly double the number given by the Government. Speaking at the Government’s online meeting with provinces and cities on socioeconomic performance this morning, March 2, HCMC Vice Chairman Vo Van Hoan said that the central Government set a target for HCMC to collect some VND365 trillion for the State budget this year, equivalent to some VND1.5 trillion per day. In the first two months of the year, the city’s budget collections amounted to an average of some VND2.9 trillion per day. Up to now, the city has collected VND74.5 trillion, meeting 20.5% of the target and rising by 10.5% year-on-year, Hoan said, adding that HCMC might fulfill the target set by the Government. HCMC’s budget collections in 2019 reached some VND410 trillion, while the city's budget revenues reached a mere VND371 trillion in 2020, meeting 91.5% of the estimates due to the impact of Covid-19. In recent years, the city’s collections have accounted for 25%-27% of the country’s total, the local media reported. In the first two months of 2021, the city saw more positive achievements in socio-economic development than during the same period last year, according to the representative of the HCMC government. In the two-month period, the city’s total retail sales of goods and services inched up 4.7%, while its export revenue amounted to US$8 billion, up 25% year-on-year, backed by the exports of fertilizer, plastic materials and auto components. The city also attained industrial manufacturing index growth of 6% and saw over 3,800 firms return to the market, up 3% year-on-year, and 700 companies complete dissolution procedures, down 14.5%. …

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