The Ministry of Finance recently released the “Citizen’s Budget Report – State Budget Estimate for 2026, as Decided by the National Assembly.”
The report outlines key macroeconomic indicators for 2026, targeting a Gross Domestic Product (GDP) growth rate of 10% or higher, an average Consumer Price Index (CPI) increase of approximately 4.5%, and a 5.8% rise in total export turnover.
According to the Ministry of Finance’s report, the estimated state budget revenue for 2026 is 2,529.467 trillion VND, marking a 28.6% increase compared to the 2025 estimate and a 5.9% rise from the 2025 actual figures. The mobilization rate into the state budget is approximately 17.4% of GDP, with taxes and fees accounting for around 13% of GDP.
Source: Ministry of Finance
Specifically, domestic revenue is projected at 2,199.967 trillion VND; crude oil revenue at 43 trillion VND; trade balance revenue from import-export activities at 278 trillion VND; and aid revenue at 8.5 trillion VND. The estimated total revenue for the Central Budget is 1,225.356 trillion VND, while the Local Budget is expected to reach 1,304.111 trillion VND.
The estimated state budget expenditure for 2026 is 3,159.106 trillion VND. This includes 1,120.227 trillion VND for development investment; 121.131 trillion VND for debt interest payments; 1,808.996 trillion VND for regular expenditures; and 108.752 trillion VND for other expenditures.
The report also provides detailed breakdowns of the Central and Local Budget expenditures for 2026 by sector. The estimated budget deficit for 2026 is approximately 605.8 trillion VND, equivalent to 4.2% of GDP. This includes a Central Budget deficit of 583.7 trillion VND (4% of GDP) and a Local Budget deficit of 22.1 trillion VND (0.2% of GDP).
Regarding the implementation of salary policies and social welfare programs, ministries, central agencies, and local governments will continue to implement measures to generate resources for salary reforms as mandated.
Starting in 2026, the government will proactively utilize accumulated funds for salary reforms to ensure the implementation of salary systems, allowances, and income regulations. The scope of using the Central Budget’s accumulated funds for salary reforms will be expanded to adjust pensions, social insurance benefits, monthly allowances, preferential allowances for meritorious individuals, and workforce streamlining. Local Budget salary reform funds will be used to implement centrally issued social welfare policies and workforce streamlining.
Projected 2026 National Budget Revenue Surpasses 2.5 Million Trillion VND
The projected state budget revenue for 2026 is 2,529.467 trillion VND, marking a 28.6% increase compared to the 2025 estimate and a 5.9% rise over the 2025 actual performance.
Quảng Ninh Sets New Record in Budget Revenue for 2025
In a remarkable financial milestone, Quang Ninh Province is set to achieve a record-breaking budget revenue of 82.235 trillion VND in 2025, marking an impressive surge of approximately 30 trillion VND compared to the previous year.
Budget Revenue Surges: Unraveling the Land-Driven Anomaly
The General Statistics Office under the Ministry of Finance reports that Vietnam’s state budget revenue for the first 11 months reached nearly VND 2.4 trillion, surpassing the annual estimate by 21.9% and marking a 30.9% increase year-on-year. Notably, land-related revenue saw a significant surge. Economist Nguyen Tri Hieu questions why other revenue streams lagged while land contributions dominated the budget.
Ho Chi Minh City’s Economic Growth Surpasses 8% in 2025
According to the Ho Chi Minh City People’s Committee, the estimated growth of the city’s Gross Regional Domestic Product (GRDP) in 2025 is projected to reach 8.03%. Notably, the city’s budget revenue is expected to hit 748.438 trillion VND, achieving the annual target as early as October.
Will the Stock Market Shift Gears Next Week?
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