Crude oil revenue drops 66% in January

by VTV404 February 2016 Last updated at 08:02 AM

VTV.vn - January's state budget revenue is estimated to reach US$4.6 billion, just 10.1% of the forecasted figure and 95% of the revenue in the same period last year according to the Ministry of Finance.

Most of the revenues from areas such as the industrial and commercial sector, the FDI business sector, and from personal income tax have all increased significantly compared to the last same period of last year.

However, revenues from crude oil stood at 145 million USD, equal to 5.9% of the forecast and 65.7% of last year’s revenue. The main cause was falling oil prices on the world market, at around 30 USD per barrel.

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