HCMC – Vietnam’s state budget revenue in the first nine months of this year surged 30.5% year-on-year to nearly VND1.93 quadrillion, or 97.9% of the full-year target, according to the National Statistics Office.
Revenue in September alone was estimated at VND181.1 trillion. Domestic collections reached nearly VND150 trillion, bringing the January-September total to VND1.65 quadrillion, fulfilling 99.1% of the year’s plan and rising 35.1% compared to the same period last year.
Revenue from crude oil amounted to VND3.9 trillion in September and VND37.1 trillion in the nine-month period, meeting 69.7% of the year’s estimate but falling 15.9% against last year. Meanwhile, budget revenue from import-export activities was VND27 trillion in September, taking the nine-month figure to VND234.6 trillion, equivalent to 99.8% of the plan and up 13% year-on-year.
On the spending side, state budget expenditure was estimated at VND201.5 trillion in September, bringing the nine-month total to VND1.63 quadrillion, equal to 63.4% of the full-year plan and up 31.4% from a year earlier.
Of this, recurrent spending stood at VND1.11 quadrillion, or 69.7% of the estimate, up 29.9%. Development investment disbursements reached VND440.4 trillion, or 55.7% of the plan, up 43.1%. Interest payments amounted to VND75.6 trillion, or 68.4% of the estimate, down 3.3% year-on-year.
