Budget revenues were estimated at 230.5 trillion VND (about 10 billion USD) in the first quarter of this year, up 0.3 percent year on year and meeting 22.7 percent of collection goals.
Hanoi (VNA) - Budget revenues were estimated at 230.5 trillion VND (about 10 billion USD) in the first quarter of this year, up 0.3 percent year on year and meeting 22.7 percent of collection goals, the Ministry of Finance (MoF) said ꦗon March 31.
Domestic collection for the period was 193.8 trillion VND (8.42 billion USD), 24.7 percent of the annual estimate and 10 percent higher than the same period last year.
Meanwhile, budget spending was 277.59 trillion VND (about 12 billion USD) in the first quarter, up 5.4 percent from the same period last year and equivalent to 21.8 percent of the estimate for the year. Overspending stood at around 47 trillion VND, 18.5 percent of yearly estimates.
As of March 25, the MoF had mobilised nearly 69 trillion VND (about 3 billion USD) from Government bonds, accounting for 27 percent of the yearly target.-VNA
Vietnam’s macro-economy has remained stable so far this year with September’s average consumer price index (CPI) up 0.74 percent year-on-year and no signs of inflation.
Multiple solutions could increase State budget collection to make up for the central budget deficit of over 31 trillion VND (1.39 billion USD), said Deputy Minister of Finance Vu Thi Mai.
The Government has promulgated a Resolution underlining key measures to realise the socio-economic development plan and State budget estimates in 2016.
Minister of Finance Dinh Tien Dung said in a recent interview on VTV that one of the key tasks that his ministry will fulfill this year is to balance the state budget.
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.
Prime Minister Nguyen Tan Dung reported on the Government’s and his performance during the 2011 – 2016 term to the National Assembly deputies at the ongoing last meeting of the 13th parliament.
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.
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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.
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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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative photo (Source:VNA)
