Ninh Binh’s state budget revenue exceeds 33 trillion VND in first half of 2026
Domestic revenue (excluding land-use fees and lottery proceeds) continued to serve as the backbone of Ninh Binh's fiscal performance, generating 21.23trillion VND and reaching 65.1% of the annual target. This revenue volumedirectly reflects the “health” of more than 26,450 enterprises currently operating across the province.
Meanwhile, booming foreign trade also made a significant contribution to the provincial budget, with total import-export turnover surpassing 32 billionUSD. Revenue from import-export activities, after tax refunds of 906 billionVND, was estimated at 2.72 trillionVND, equivalent to 53.32% of the annual target.
Other revenue sources included 9 trillion VND from land-use fees, fulfilling 21.23% of the yearly plan, and 73 billion VND from lottery operations, reaching 52.14% of the target.
Alongside efforts to secure revenue, Ninh Binh maintained a disciplined, efficient and targeted approach to public spending. Total state budget expenditure in the first six months of 2026 was estimated at 44.02 trillion VND, achieving 50.24% of the annual estimate.
Notably, the province allocated substantial resources to long-term development, with development investment expenditure estimated at 21.9trillion VND, or 52.76% of the annual plan almost equal to recurrent spending of 22.08 trillion VND. These investment funds are being directed toward upgrading healthcare and education infrastructure, improving inter-regional transport networks, and developing modern industrial parks and clusters.
The province's financial and credit environment also remained stable. Total deposits mobilised by credit institutions were estimated at 345.92 trillion VND, up 2.1% from the beginning of the year, while outstanding loans reached 354.6trillion VND, representing a 6% increase.
Despite the encouraging revenue performance, the provincial administration acknowledged that some revenue sources, particularly land-use fees, remained below expectations. To fully achieve its fiscal objectives for 2026, Ninh Binh plans to strengthen budgetary discipline in both revenue collection and expenditure management during the second half of the year.
The provincial tax authority will accelerate digital transformation and modernise tax management to curb revenue losses while expanding new revenue sources. On the expenditure side, the province will continue to tighten recurrent spending and eliminate unnecessary expenses.
By combining sustainable revenue growth driven by the business sector with prudent public spending, Ninh Binh aims to maintain a healthy fiscal balance and build a solid foundation for achieving double-digit economic growth./.
