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 state budget revenue topped VND1.8 quadrillion (US$71 billion) in the first 11 months of this year, equivalent to 106.3% of this year's target and up 16.1% from the same period from 2023, the Ministry of Finance reported on December 4.

State budget collection from import and export activities surged 14.5% year-on-year to nearly VND346.3 trillion (US$13.7 million) in the first 10 months of 2024, reaching 92.3% of the annual target, the General Department of Vietnam Customs reported on November 7.

State budget collection from export-import activities reached VND274.03 trillion (US$11.1 billion) in the first eight months of 2024, equivalent to 73.1% of the assigned estimate and up 13.1% year-on-year, the General Department of Vietnam Customs (GDVC) announced on September 10.

The Government has proposed the National Assembly (NA) allow the use of VND18.22 trillion (US$715.6 million) sourced from the increased sum of the 2023 central budget collection for 14 public investment projects.

Ho Chi Minh City’s gross regional domestic product (GRDP) was estimated at over VND406.34 trillion (US$16.34 billion) in the first quarter, a year-on-year increase of 6.54%, the highest growth recorded for Q1 since 2020, heard a meeting of the municipal People’s Committee on April 2.

An estimated VND399.4 trillion (nearly US$16.18 billion) was collected for the state budget in the first two months of 2024, equivalent to 23.5% of the year’s target and up 10.4% from a year earlier, the Ministry of Finance reported on March 6.

The total revenue to the State budget as of December 25 surpassed VND1.69 quadrillion (nearly US$69.5 billion), up 4.5% compared to the yearly estimate, heard a conference hosted by the Ministry of Finance in Hanoi on December 27.

The National Assembly (NA) on November 10 adopted a resolution on the state budget estimates for 2024, which targets next year’s state budget collection at over VND1.7 quadrillion (nearly US$69.8 billion).

The value of export-import goods going through the Mong Cai border gate in the northeastern province of Quang Ninh reached nearly US$2.5 billion in the first nine months of the year, according to the Mong Cai city’s People's Committee.