VOV.VN - For the first time, Vietnam’s State budget revenue has exceeded VND2 quadrillion in 2024, reflecting the robust development of the national economy, according to the Ministry of Finance.

Vietnam's total state budget revenue for 2024 is projected to surpass VND2.02 quadrillion (approximately US$79.24 billion), marking an increase of 19.1% compared to the estimate, according to the Ministry of Finance.

The completion of financial-budget tasks requires strong, creative and flexible efforts as well as high determination not only from the financial sector but all sectors, localities and especially people and businesses, stated Minister of Finance Ho Duc Phoc.

Vietnam’s public debt in 2023 amounted to VND3.8 quadrillion, equivalent to 37% of gross domestic product (GDP), according to the Ministry of Finance.

Deputy Prime Minister Le Minh Khai on December 27 asked the Ministry of Finance (MoF) to effectively put in place issued policies and those expected to be adopted in order to untangle knots facing businesses, control inflation, and spur socio-economic recovery and development, thus achieving the targets set for 2024.

The State budget revenue was estimated at over VND1,223 trillion (US$50.8 billion) in the first nine months of this year, or 75.5% of the estimate, marking an annual decrease of 8.3%, according to the Ministry of Finance.

The total State budget revenue in the first eight months of this year topped VND962 trillion (nearly US$40 billion), equivalent to 70.1% of the estimate for the whole of this year and 93.9% compared to the figure in the same period last year, the General Department of Taxation reported on September 11.

The state budget revenue stood at VND875.8 trillion (US$37 billion) in the first half of 2023, equivalent to 54% of this year’s target, reported the Ministry of Finance (MoF).

VOV.VN - Lawmakers on June 24 approved a resolution on the reduction of the value added tax (VAT) by 2% within six months in an attempt to reboot the economy and stimulate consumption.

State budget collection in the January-May period was estimated at over VND769.6 trillion (US$32.75 billion), equivalent to 47.5% of the estimates for the whole year, the Ministry of Finance reported on June 8.