State budget revenue in 2022 stood at more than VND1.78 quadrillion ($74.7 billion), exceeding the estimate by 26.4 per cent, according to the General Statistics Office (GSO).

The figure represents a year-on-year increase of 13.8 per cent, the GSO reported at a press briefing in Hanoi on December 29.

Of the total, collections from imports and exports topped VND280 trillion ($11.7 billion), surpassing the estimate by 40.7 per cent and up 29.7 per cent from last year.

The positive results are attributed to the active recovery of the economy, according to the Ministry of Finance. Production and business activities have also returned to the previous growth pace as the number of newly-registered enterprises and those resuming operations increased rapidly compared to last year.

Tourism and passenger and cargo transport have also recovered strongly.