Budget revenues reached 718.3 trillion VND (32.2 billion USD) in the first nine months of the year, accounting for around 70 percent of the annual target.
A official of Hanoi Department of Taxation is providing consultancies to a taxpayer (Source: VNA)
Hanoi (VNA) - Budget revenues reached 718.3 trillion VND (32.2 billion USD) in the first nine months of the year, accounting for around 70 percent of the annual target, a representativඣe of the Ministry of Finance said in its quarterly press briefing early this week.
The figure also represented an increase of 5.2 percent compared to the same period last year.
Deputy Minister of Finance Nguyen Huu Chi said State revenue remained low due to the impact of lower crude oil prices, causing difficulties for companies and groups operating in the field.
Specifically, budget collection from crude oil in the nine months was only 29.8 trillion VND, representing a year-on-year slump of 41.9 percent.
Contribution to the State budget by State-owned enterprises during the period was only equal to 96.7 percent of the funds paid to the coffers in the corresponding period last year.
Meanwhile, budget expense totaled 870.5 trillion VND, up 5.7 from the figure a year ago.
Through budget expense, the State overspent 152.2 trillion VND in the first three quarters of the year. The amount is equivalent to 60 percent of the quota that the National Assembly had allocated for overspending in 2016.-VNA
The total State budget revenue topped 160 trillion VND (7.27 billion USD) in the first two months of this year, up 2.4 percent annually, according to the Finance Ministry.
About 14.7 percent of the State budget revenue, or 150 trillion VND (6.7 billion USD), will be spent on paying debt in 2016, the Ministry of Finance (MoF) revealed on March 22.
As of May, the Government's revenue from dividends remained low at only 13.5 trillion VND (602 million USD), equal to only 25 percent of the estimates for the year.
The budget deficit in the first half of the year hit 82.9 trillion VND (3.7 billion USD) due to rising recurrent expenditures and the repayment of debts, the General Statistics Office reported.
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.
A official of Hanoi Department of Taxation is providing consultancies to a taxpayer (Source: VNA)
