Vietnam's total state budget revenue for 2024 is projected to surpass 2.02 quadrillion VND (approximately 79.24 billion USD), marking an increase of 19.1% compared to the estimate, according to the Ministry of Finance.

With 428 out of 430 legislators present at the sitting voting in favour, the National Assembly (NA) approved a Resolution on state budget estimates for 2025 at its ongoing 8th session in Hanoi on November 13 morning.

The 15th National Assembly passed a resolution on adjustments to the State budget expenditure estimate and approval of the 2019 State budget balance on July 28 as part of the first session in the 15th tenure.

A total of 502.9 billion VND (21.8 million USD) is to be officially added to the 2021 State budget expenditure estimate serving COVID-19 prevention and control efforts.

The application of financial autonomy for universities in Vietnam is still on a trial basis and remains limited, according to experts.

The Ministry of Finance (MoF) expects to keep this year’s State budget deficit at 3.7 percent of the GDP, below the 3.9 percent mandated by the National Assembly.