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State Coffers Overflow: Budget Revenue Surges Towards Annual Target

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Central budget revenue has reached impressive heights, standing at 28.04% of the target, with local budget revenue hitting 30.46%. As of March 12, total revenue climbed to an astonishing 528.3 trillion VND, marking a remarkable 141.1% year-on-year increase—the highest ever recorded for the first two months of the year. Mai Xuan Thanh, the Director of the Department of Taxation under the Ministry of Finance, attributed this sharp rise to exceptional gains from various sources. These include banking surpluses, dividends, land-related income, and lottery proceeds. Notably, land revenue, despite accounting for just 15.8% of total collections, posted the highest growth rate among all sources. Vietnam’s state budget revenue soars to 574.4 trillion VND (22.5 billion USD) as of March 11, an impressive achievement. (Photo: VNA) In contrast, revenue from import-export activities totaled 61.3 trillion VND, accounting for 14.9% of the annual target and 13.04% of the government’s proje...