Hanoi (VNA) – Hanoi collected approximately 392.1 trillion VND (15.38 billion USD) in State budget revenue in the first six months of 2025, ful💯filling 76.3% of the annual target, marking a 51.4% increase compared to the same period last year, according to the city’s Statistics Office.

The surge was largely driven by domestic revenue, which reached 373.9 trillion VND, meeting 77.5% of the yearly projection and rising 52.7% year-on-year. Revenue from import and export activities contributed 16.4 trillion VND, equivalent to 60% of the target and up 36.2% from a year earlier. Meanwhile, earnings from crude oil amounted to 1.8 trillion VND, meeting 42.5% of the planned figure and equivalent to 89.4% of that recorded in the same period last year. Hanoi saw strong contributions from the non-State business sector, which generated 77.3 trillion VND, representing a 44.2% increase from the same period in 2024. Meanwhile, foreign-invested enterprises contributed 18.7 trillion VND, a 13.7% increase, and State-owned firms made up 44.1 trillion VND, a slight year-on-year decrease of 0.8%. Personal income tax revenue reached 33.7 trillion VND, up 26.2%, and land use fees soared to 72.5 trillion VND, nearly seven times higher than the same period in 2024. Revenue from fees and charges totalled 16.2 trillion VND, up 3.6%, with vehicle registration fees contributing 3.9 trillion VND. On the expenditure side, local budget spending in the first half of the year was estimated at 69.5 trillion VND, achieving 37.9% of the year’s plan and representing a 56.2% year-on-year rise. Development investment accounted for 30.5 trillion VND, while regular expenditures stood at 38.9 trillion VND, both showing similar growth rates of over 56%. Key spending areas included education and training, economic activities, state administrative operations, health care, social welfare, and environmental protection./.