STATE BUDGET REVENUE RISES 13.1% IN JAN–FEB

Stacks of Vietnamese banknotes - PHOTO: NGUYEN TRUNG AU

HCMC - Vietnam’s state budget revenue in the first two months of 2026 is estimated at VND601.3 trillion, up 13.1% year-on-year and equal to 23.8% of the full-year estimate, according to a report released by the National Statistics Office (NSO) on March 6.

Budget revenue in February alone is estimated at VND170.5 trillion.

Domestic revenue totaled around VND558.1 trillion in the January–February period, equivalent to 25.4% of the annual estimate and up 15% from a year earlier. The increase was mainly attributed to higher collections from corporate income tax and value-added tax, supported by economic growth momentum from 2025.

Revenue from import–export activities reached VND38 trillion, rising 1.2% year-on-year. Meanwhile, crude oil revenue fell 42.2% to around VND5.1 trillion.

State budget expenditure in the first two months is estimated at VND311 trillion, equivalent to 9.8% of the annual estimate and up 11% compared to the same period last year.

Of the total spending, recurrent expenditure amounted to VND241 trillion, up 14.8%. Interest payments on public debt reached an estimated VND27.1 trillion, rising 8.1%. Development investment spending was estimated at VND42.5 trillion, down 5.2% year-on-year.

Budget spending during the period met requirements for socio-economic development, national defense and security, state management, and debt obligations, while ensuring funding for beneficiaries in accordance with current regulations.

Source: The Saigon Times