As of June 2018, nine among 14 sources of the city’s tax revenues hit at least 50 percent of the year’s estimate. Meanwhile, tax collections from foreign-invested and non-State firms were the lowest at 30.99 percent and 40.61 percent, respectively.
The sector will strengthen administration reforms this year to support tax-payers, said head of the city’s Tax Department Vo Kim Hoang.
Vice Chairman of the municipal People’s Committee Nguyen Thanh Dung noted that since the beginning of this year, the city has held meetings and dialogues with local businesses to address their difficulties.
Local authorities have paid attention to building a clear, transparent and attractive business environment which in turn creates optimal conditions for investors and firms’ operation, as well as improve investment climate and competitiveness, he added.
Can Tho has seen robust growth in many areas. Notably, by the end of July, retail sales and services revenue of the city increased 11 percent against the same period last year, Dung said.
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