Increase budget revenue, create development momentum

In the period of 2021-2025, despite being affected by the pandemic and global economic fluctuations, Thai Nguyen province's budget revenue still maintained positive growth momentum. Since 2023, Thai Nguyen has risen to the group of provinces capable of balancing revenue and expenditure and regulating the Central Government.

In 2025, Dowooinsys Vina Thai Nguyen Co., Ltd. strives to achieve a growth rate of about 30%.

In the budget revenue structure, domestic revenue always plays a key role. In the first 8 months of this year, domestic revenue in the province reached more than 14 trillion VND, equal to 68.8% of the estimate assigned by the Prime Minister and 64% of the estimate assigned by the Provincial People's Council. Many units and localities continuously maintained budget contributions that met or exceeded the plan.

For example, TNG Investment and Trading Joint Stock Company not only ensures stable jobs for more than 19,000 employees, but also maintains a high level of budget obligations. In 2024, it paid over 76 billion VND, and in the first 6 months of this year, this figure was 34 billion VND.

Mr. Nguyen Van Thoi, Chairman of the Board of Directors of TNG Investment and Trading Joint Stock Company, said: We are always aware of the budget obligations that go hand in hand with the development of production and business, considering it the responsibility of the enterprise. To achieve the growth results of the set goals, we still maintain our core business, while focusing on traditional customers. In particular, we constantly innovate in technology and gradually shift to the model of a green factory and digital enterprise.

In addition to the domestic economic sector, the FDI sector and import-export activities continue to create important momentum. In the first 8 months of 2025, revenue from import-export activities reached more than 2,000 billion VND, equal to 73.5% of the estimate assigned by the People's Council.

Yen Binh Industrial Park currently has 58 projects with valid investment registration certificates.

As a supplier in the global production chain of Samsung Group, KH Vatec Thai Nguyen Co., Ltd. (Korea) recorded an export turnover of over 71 million USD after 8 months, striving to reach 150 million USD for the whole year...

Mr. Hong Sung Pyo, Director of KH Vatec Thai Nguyen Co., Ltd., shared: In 2025, we will achieve a growth target of 50%. During the operation, the company has always received support from Thai Nguyen province, especially the Customs and Tax sectors, thereby helping us to quickly ensure the progress of orders.

Along with that, Dowooinsys Vina Thai Nguyen Co., Ltd. expects to grow by about 30% this year. Mr. Sin Byoung Chan, General Director of the company, said: Orders concentrated in the end of the third and fourth quarters will create a breakthrough. We consider budget contribution as a responsibility that goes hand in hand with investment, thereby contributing to the development of the province.

In fact, if in 2020 the total budget revenue in Thai Nguyen province only reached 16,440 billion VND, by 2024 it had exceeded 20,400 billion VND. By the end of August, this figure reached 16,300 billion VND, equal to 66% of the estimate assigned by the Provincial People's Council. With this momentum, it is expected that in 2025, the province's budget revenue will reach over 24,730 billion VND, 1.7 times higher than in 2020.

Contributing to the overall results, Tax Region 1 completed the 8-month budget collection reaching more than 3,736 billion VND, reaching 73.4% of the yearly plan.

Mr. Le Hai Hung, Deputy Head of Tax Department of Region 1, Thai Nguyen Province Tax Department shared: To achieve the target of more than VND 5,091 billion in 2025, we are focusing on strictly managing revenue sources, while supporting businesses and business households to properly fulfill their obligations. In addition, the unit also promotes the dissemination of new tax policies to taxpayers, closely monitors tax declaration and payment, strengthens inspection, urging, and debt collection to ensure fairness between people and businesses.

The budget collection results for the 2021-2025 period not only affirm the strong development of Thai Nguyen province, but also create investment resources for infrastructure and social security, towards the goal of rapid and sustainable development.

Source: https://baothainguyen.vn/tin-moi/202509/tang-thu-ngan-sach-tao-luc-phat-trien-c3d5cc4/