State budget collection estimated at 276 trillion VND in January-February

Collection from crude oil reached 8.06 trillion VND, or 28.6 percent of the estimate, while the remainder came from domestic revenue, up 6.7 percent year-on-year.

The general department attributed the result to controlled epidemic situation across the country and recovering production and business activities.

The Government's support policies have proved effective, with the number of businesses resuming operations in January this year increasing by 195 percent annually. During the period, a number of major contributors to the State budget recorded good annual growth, including processing and manufacturing (up 2.8 percent); production of electrical equipment (11.5 percent); clothing production (11.4 percent); and metal ore mining (21.9 percent).

In addition, export turnover expanded by 1.6 percent, while increases were seen in the number of newly registered enterprises, investment capital from the State budget and foreign direct investment. Domestic consumption demand also soared in the last months of 2021 and in January 2022./.