Automaker Vinfast is among the largest tax payers in Hai Phong city. (Photo: coches.net) Hai Phong (VNA) – The business community in Hai Phong has made great contributions to the northern port city’s development, said Chairman of the municipal People’s Committee Nguyen Van Tung. At a meeting with businesses and foreign guests ahead of the Lunar New Year (Tet) on January 23, Tung said corporate tax collection stood at 11.4 trillion VND (492.56 million USD), or 46 percent of the city’s total earnings. Specifically, state-owned firms contributed 3.2 trillion VND (138.27 million USD) to the state budget, while nearly 4 trillion VND (172.8 million USD) and nearly 4.2 trillion VND (181.48 million USD) came from foreign direct investment businesses and non-state enterprises, respectively. Large tax payers in the city include automaker Vinfast (51.85 million USD), gasoline region 3 company (over 21.6 million USD) and Hai Linh oil and gas company (more than 21.6 million USD), among others. Besides, the business community has engaged in social welfare activities like building houses for the needy and supporting families who had served the nation. Tung said the development still fell short of the city’s expectation, as Hai Phong only contributed 3.24 percent to… Read full this story
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