State budget collection reaches nearly 70 percent of yearly estimate
State budget collection in January-September increased 13.9 percent year on year to reach 843 trillion VND (37.1 billion USD), equal to 69.5 percent of the estimate, according to the Ministry of Finance (MoF).
Hanoi (VNA) – State budget collectionin January-September increased 13.9 percent year on year to reach 843 trillionVND (37.1 billion USD), equal to 69.5 percent of the estimate, according to theMinistry of Finance (MoF).
Domestic revenue was estimated at 663.7 trillionVND (29.2 billion USD), making up 67 percent of the estimate and representing ayear-on-year rise of 11.4 percent.
The finance ministry said direct revenues fromproduction and business activities were low due to reductions in contributions fromsome major manufacturing sectors such as crude oil and gas, automobile, mobilephone, and cigarette. However, totaldomestic revenue still posted an increase thanks to higher indirect revenues, suchas tax payments from housing and land (up 24.2 percent), personal income tax(up 21.1 percent), charges and fees (up 51.3 percent), and income from lotteryactivities (up 12.4 percent). Forty-threeout of the 63 localities nationwide collected over 72 percent of the estimatesand 58 reported higher budget collection than the same period last year. Revenue fromcrude oil reached 34 trillion VND (1.49 billion USD) while that from import-exportactivities was 214 trillion VND (9.41 billion USD), indicating respectiveyear-on-year rises of 15 percent and 10.5 percent. The totalState budget spending in nine months stood at 904.6 trillion VND (39.8 billionUSD), a yearly increase of 6.6 percent and equivalent to 65.1 percent ofestimate. Spending ondevelopment investment hit 166.6 trillion VND (7.3 billion USD), equal to 46.6percent of the estimate. The disbursement of State investment for capital constructionmade up 53.1 percent of the estimate (compared to 56 percent in the same periodof 2016). Payments fordebts and aid totalled 75.35 trillion VND (3.31 billion USD) in the period, meeting76.2 percent of estimate. As of the endof September, the central budget deficit was about 69 percent of the estimate.-VNA
State budget revenues falling short of the half-way mark in the first six months of the year is a normal feature of the domestic economy and does not preclude meeting the annual target.
The State budget total collection in the first seven months of this year was estimated at 666.68 trillion VND (about 29.36 billion USD), an increase of 11.6 percent over the same period last year.
The total State budget collection hit upwards 623.2 trillion VND (27 billion USD) in the first eight months this year, meeting 64.4 percent of the yearly estimate and rising by 10.8 percent annually.
Total State budget collection in the first eight months of this year was estimated at 762.8 trillion VND (33.4 billion USD), an increase of 12.8 percent over the same period last year.
Prime Minister Nguyen Xuan Phuc was worried about the slow disbursement of public investment capital while chairing the government’s regular meeting in Hanoi on October 3.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
illustrative image (Source: VNA) 
