HCMC – Vietnam’s state budget revenue reached more than VND1.57 quadrillion in the first seven months of 2025, equivalent to 79.9% of the year’s target and up 27.4% year-on-year, according to the Vietnam News Agency (VNA).
Of the total, domestic revenue amounted to nearly VND1.4 quadrillion, or 81.7% of the annual estimate, a 31.6% increase over the same period last year. In the same period, 24 out of 34 provinces and cities reported domestic revenue collection exceeding 68% of their targets.
Revenue from crude oil was estimated at VND28.5 trillion, equivalent to 53.5% of the full-year projection, down 17.2% over the same period last year. Meanwhile, revenue from import-export activities stood at VND179.5 trillion, representing 76.4% of the target and rising 9.7% year-on-year.
As of July 15, Vietnam’s total import-export turnover reached US$470.6 billion, a 16.2% increase compared to the year-ago period. Of this, the value of taxable goods edged up 4.8%.
Several product categories contributed significantly to the rise in budget revenue. Imports of materials, machinery, equipment, and spare parts for production rose 6.7%, generating an additional VND11.7 trillion. CBU (completely built-up) car imports soared 41.8%, adding roughly VND7.9 trillion to the budget compared to the same period last year.
