State budget revenue exceeds 2025 estimate

State budget revenue as of October 16 reached more than 2 quadrillion VND (76 billion USD), surpassing the estimate for the whole of 2025 by 2.35%, according to a report from the State Treasury of Vietnam.

Of this, domestic revenue, excluding crude oil, contributed more than 1.72 quadrillion VND, exceeding the estimate by 3.31%, while revenue from import-export reached 249.22 trillion VND, exceeding the estimate by 6.05% after deducting VAT refunds. Revenue from crude oil totaled 39.04 trillion VND, equal to 73.38% of the estimate.

Notably, the State Treasury of Vietnam has continued this year to expand coordination of electronic bilateral collection and payment with 20 major commercial banks, including VietinBank, BIDV, Vietcombank, Agribank, MB, VPBank, Techcombank, SHB, LPBank, SeABank, HDBank and TPBank. This has helped to concentrate budget revenue quickly, reduce the use of cash, and make processes more convenient for taxpayers. By the end of the third quarter of 2025, the State Treasury of Vietnam had opened 2,594 accounts at banks, including 1,761 collection accounts and 833 payment accounts.

Meanwhile, State budget expenditures up to October 15 recorded total regular expenditure of more than 1.2 quadrillion VND, equivalent to 77.8% of the annual estimate, and total investment expenditure of 419.98 trillion VND, equal to 49.3% of the capital plan assigned by the Prime Minister.

Regarding capital raising, the State Treasury of Vietnamco-ordinated with the Ministry of Finance to issue government bonds to meet the central budget’s capital needs, ensuring safety and efficiency. As of October 15, the total issuance volume reached 268.11 trillion VND, equivalent to 53.6% of the annual plan. The average issuance term is 9.91 years, the average interest rate is 3.04% per year, and the average portfolio maturity is 8.67 years.