The revenue from land use fees in Hanoi reached VND89 trillion ($3.38 billion) in the first ten months of the year, marking an increase of 170% year-on-year, and surpassing the annual plan by 85.6%, according to the Hanoi Statistics Department.
The figure brings the total state budget revenue in the city for the January-October period to VND564.2 trillion ($21.45 billion), exceeding the legal estimate by 9.8% and increasing by 35.8% compared to the same period in 2024.
In terms of structure of the city's state budget revenue, domestic revenue reached VND531.4 trillion (nearly $20.2 billion), up 36.5% year-on-year; revenue from crude oil was VND2.1 trillion (more than $79.8 million), surging 67.7%; revenue from import-export tax reached VND30.4 trillion (more than $1.15 billion), increasing 36.5%.
Regarding budget expenditure, Hanoi's local budget expenditure in the first ten months of 2025 was estimated at VND105.2 trillion (nearly $4 billion), equivalent to 63.4% of the annual estimate and increasing by 40.2% compared to the same period in 2024. The city's regular budget expenditures over the past ten months focused primarily on essential areas, contributing to ensuring social welfare and economic development.
In the first ten months of 2025, the total investment capital from the state budget managed by the city reached VND69.1 trillion (nearly $2.63 billion), equivalent to 66.1% of the annual plan and increasing by 29.4% compared to the same period last year. This result indicates that the disbursement progress of public investment capital in Hanoi is being accelerated, creating an important driving force for infrastructure development and local economic growth recovery.
In October, Hanoi commenced eight key projects in the fields of transportation infrastructure, healthcare, culture, and urban development with a total investment of over VND68 trillion (nearly $2.6 billion).
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