Speaking with Lao Dong, Mr. Phan Dang Toan - Secretary of Sa Pa Ward said: State budget revenue in the area from taxes, fees, and other revenues alone is very high (294 billion VND, equal to 82.3% of the whole year compared to the estimate assigned by Lao Cai province).
There are 3 revenue items that have exceeded the estimate assigned by Lao Cai province, including: Revenue from mineral exploitation rights granted to VND 166 million (equal to 137.2% of the plan); Revenue from foreign-invested areas reached VND 6.75 billion (equal to 115.4% of the plan); Revenue from non-state industrial parks reached over VND 129 billion (equal to 116.9% of the plan).
Budget revenue from the non-state industrial and commercial sector is the revenue from taxes of private enterprises, individual business households, limited liability companies, cooperatives in wards, and joint stock companies without state capital operating in the fields of industry, trade and services. This is a very important collection with long-term and sustainable factors, accounting for a large proportion of domestic tax revenue, demonstrating the strong and stable development of the local economy, especially after operating a two-level local government" - Sa Pa Ward Secretary shared.
There were 4 revenues reaching over 60% of the estimate, including: personal income tax revenue reached VND 33.3 billion (equal to 82.7% of the plan); revenue from central state-owned enterprises reached over VND 3 billion (equal to 63.3% of the plan); registration fee revenue reached over VND 14 billion (equal to 60.3% of the plan); land rental revenue reached VND 90.1 billion (equal to 75.1% of the plan).
According to Mr. Phan Dang Toan, there are 2 revenue items that are low compared to the assigned estimate: Fee and charge collection reached 6.87 billion VND (equal to 24.6% of the plan).
The reason is that the target of collecting entrance fees through ticket prices at Cat Cat Tourist Area and Fansipan Peak has not been implemented yet, which greatly affects the revenue from fees and charges compared to the provincial budget.
