Vietnam’s domestic revenue (excluding crude oil) reached over VND 1.7 trillion, equivalent to 103.31% of the estimated budget. Crude oil revenue stood at VND 39.037 trillion, meeting 73.38% of the target. Balanced revenue from imports and exports achieved VND 249.222 trillion, surpassing the estimate by 106.05% (after deducting the value-added tax refund forecast).
State budget revenue exceeds estimates, reaching over VND 2 trillion.
The State Treasury has expanded its coordination efforts in revenue collection and electronic bilateral payments with commercial banks. By the end of Q3, the treasury system held 2,594 accounts across 20 banks, including 1,761 dedicated collection accounts and 833 payment accounts.
Regarding budget expenditures, the State Treasury disbursed over VND 1.2 trillion for regular expenses (77.8% of the estimate) and VND 419.983 trillion for public investment (49.3% of the Prime Minister’s plan). Public investment saw a significant increase compared to the same period in 2024, both in absolute terms (up by nearly VND 120 trillion) and in implementation rate (up by 4.5%).
Despite improvements in disbursement rates, the figure remaining below 50% by the end of Q3 highlights persistent challenges in executing public investment plans. These issues stem from both objective and subjective factors, ranging from organizational procedures to land clearance, project management, and local implementation capacity.
As of October 15, the total capital mobilized through government bond issuance since the beginning of the year was VND 268.112 trillion, achieving 53.6% of the 2025 annual plan.
The average term for issued government bonds was 9.91 years, with an average issuance interest rate of 3.04% per annum. The average maturity of the government bond portfolio stood at 8.67 years.
On October 2, Prime Minister Pham Minh Chinh issued a telegram to ministries, agencies, and localities regarding state budget management for the final months of 2025. He urged all entities to effectively implement solutions and vigorously enhance state budget revenue collection, aiming for a nationwide increase of at least 25% compared to the estimate.
Based on this, efforts should focus on broadening the revenue base, particularly from e-commerce, food services, and retail stores. There is a need to persistently expand the use of electronic invoices generated from cash registers and to strengthen measures against smuggling, trade fraud, transfer pricing, and tax evasion.
The Prime Minister also called for accelerating the progress and disbursement of public investment capital, especially for key national projects. The goal is to achieve 100% disbursement of the 2025 public investment plan, identifying this as a central political task tied to the accountability of leaders in ministries, central agencies, and local governments.
Central Government Urged to Allocate $36 Million for Erosion Control in Dong Thap
During a meeting with Deputy Prime Minister Mai Văn Chính, the People’s Committee of Đồng Tháp Province requested the Government to consider and provide approximately 830 billion VND in support for urgent measures to address two critically severe landslide areas along the Tiền River, located in Thường Phước Commune and Cao Lãnh Ward.
Exciting News from Ha Tinh, Ninh Binh, and Hai Phong
Models from Ha Tinh, Ninh Binh, and Hai Phong demonstrate that public investment capital disbursement is not merely a financial issue but a complex equation of governance, coordination, discipline, and innovation.
Prime Minister: Every Completed Project Brings Joy and Happiness to the People
Every home that rises and every project that reaches completion brings joy, excitement, and happiness to the people, contributing to the nation’s development. This was the powerful message emphasized by the Prime Minister, highlighting the profound impact of progress on the well-being and prosperity of the community.
Dong Thap: Rallying Efforts to Achieve 2025 Growth Targets
Deputy Prime Minister Mai Văn Chính has urged Đồng Tháp to mobilize all available resources and accelerate efforts in the final months of the year to achieve its socio-economic growth targets. This call to action comes as the province continues to grapple with challenges related to scale, infrastructure, and the pace of public investment.
Prime Minister Announces 2025 Public Investment Target of 1.11 Million Billion VND, Aiming for 100% Disbursement
On the morning of October 18th, Prime Minister Phạm Minh Chính chaired the National Conference on Accelerating Public Investment for 2025. This marks the fourth conference of the year focused on public investment, held in a hybrid format—in-person at the Government Office and virtually connecting with 34 provinces and cities nationwide.
