HCMC – State budget revenue has soared nearly 33% this year, far exceeding initial estimates, despite tax exemptions, reductions, and extensions worth almost VND242 trillion.
The information was disclosed at the first meeting of the Government’s Steering Committee on macroeconomic management, held on December 29 and chaired by Prime Minister Pham Minh Chinh, according to baochinhphu.vn.
Most of the revenue growth came from tax collections, even as the Government rolled out large-scale fiscal support measures covering taxes, fees, charges, and land rental payments. These measures were implemented amid severe weather disruptions, including historic floods that caused significant damage across the country.
At the meeting, participants reviewed decisions on the establishment and operating rules of the Steering Committee. They also discussed reports on fiscal and monetary policies presented by the Ministry of Finance and the State Bank of Vietnam.
Officials noted that 2025 was an exceptionally challenging year for the global economy, marked by heightened geopolitical tensions, supply chain disruptions, and increased external volatility. As a highly open economy, Vietnam was directly affected by these external shocks while also facing repeated natural disasters at home.
Despite these challenges, Vietnam maintained macroeconomic stability and kept inflation under control, according to the Steering Committee. Full-year GDP growth is estimated at around 8%. Key economic balances remained stable and recorded surpluses, while public debt, government debt, and external debt stayed within approved limits.
Business activity also showed strong momentum, with a record of nearly 300,000 enterprises newly established or returning to operations during the year.
