As of the nine-month period of 2025, revenue was estimated at about VND 1.93 quadrillion, equivalent to 97.9% of the annual target and 30.5% higher than the same period last year.

Deputy Minister of Finance Nguyen Duc Chi said domestic revenue remains the key pillar, offsetting declines in crude oil and trade-related collections thanks to solid economic recovery and improving business performance. The results reflect flexible fiscal management amid global uncertainties.

Total budget expenditure is estimated at VND 3.06 quadrillion, up nearly 19% from the approved plan, with development investment accounting for over VND 1 quadrillion, an increase of around 30%. Funds will be prioritized for strategic infrastructure, energy transition, and digital transformation, while recurrent spending continues to be tightened to create fiscal room for investment and social welfare.

The Government has reaffirmed that the fiscal policy will be closely coordinated with monetary policy to control inflation and safeguard national financial stability. Tax and fee exemption, reduction, and deferral packages totaling more than VND 200 trillion will be implemented flexibly to ease cash-flow pressure on businesses and households. The budget deficit is expected to be kept at around 3.6% of GDP, lower than the 3.8% ceiling approved by the National Assembly.

Economists said the fiscal policy this year not only cushions businesses but also fuels public investment, a key driver of growth. However, public investment disbursement remains sluggish, with only over 55% of the plan fulfilled after the first three quarters due to delays in allocation, land clearance, and administrative procedures.

Minister of Finance Nguyen Van Thang said the financial sector will continue pursuing a proactive and targeted fiscal policy in close coordination with monetary measures to maintain macroeconomic stability and achieve double-digit growth between 2026 and 2030. At least 3% of total annual budget expenditure will be reserved for science, technology, innovation, and digital transformation, laying the foundation for Vietnam to become one of the three leading digital economies in Southeast Asia by 2030.

Experts noted that the 2025 fiscal outlook reflects a more stable and resilient public finance picture, with higher revenue, controlled deficit, expanded public investment, and effective support measures. The challenge ahead lies in improving spending efficiency to ensure that every VND of the state budget truly contributes to economic development and better living standards.

State budget revenue up 8.91% in first two months

The Department of Vietnam Customs (DVC) reported a positive start in 2025, with State budget revenue hitting VND 61.3 trillion (US$2.45 billion) in the first two months, or 14.92% of the annual target and an 8.91% year-on-year surge, heard a conference in Hanoi on March 7.

January State budget revenue from import-export activities falls 11.7%

State budget revenue from import-export activities in January decreased 11.7% year-on-year to over VND27.66 trillion (over US$1 billion), the General Department of Vietnam Customs reported on February 7.