As of October 31, 2025, the cumulative state budget revenue reached VND2.18 quadrillion (nearly $82.7 billion), equivalent to 110.97 per cent of the assigned estimate, according to a recent report from the State Treasury.
In terms of structure, domestic revenue continues to be the main driver, reaching over VND1.8 quadrillion (more than $68 billion), equivalent to 112.4% of the estimate. These figures indicate that domestic business and production activities are recovering, along with the effectiveness of anti-tax evasion measures and the expansion of the tax base.
Revenue from import-export activities also achieved positive results, reaching VND264.6 trillion (more than $10 billion), equivalent to 112.6 per cent of the estimate. This result was attrituted to the clear recovery momentum of international trade activities in the third quarter and the early weeks of the fourth quarter of 2025, contributing to increasing revenue for the state budget in the year's final stage.
However, the progress of development investment expenditure remains slow, with the cumulative disbursed public investment capital in the ten-month period reaching over VND447 trillion ($16.9 billion), equivalent to 51.9 per cent of the 2025 plan assigned by the National Assembly and the Prime Minister. Compared to the total public investment capital plan for 2025, the disbursement rate has only reached 43.7 per cent.
The State Treasury stated that the period from now until the end of the year is the peak phase for controlling and disbursing budget capital. The entire system will focus on key tasks to ensure the effective use of budget capital, such as completing projects, policies, and legal documents; updating and reporting on the budget revenue-expenditure situation and public investment disbursement progress.
In addition, the State Treasury continues to mobilize capital for the budget and development projects through issuing government bonds.
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