State budget expenditures closely managed across year

Vietnam's state budget landscape in 2025 has witnessed a major surplus, fuelled by an increase in revenues from sources backed by preferential incentives.

- By Thanh Thu

The Ministry of Finance (MoF) last week reported that in 2025, the total state budget recorded a surplus of $10 billion. Total budget expenditure is estimated to have come in at over $96 billion, equivalent to 93 per cent of the year's estimates and up 31 per cent against the previous year.

"State budget expenditures for 2025 were closely managed, with recurrent spending radically saved. Resources were earmarked for public investment for boosting economic growth, ensuring expenditures for state apparatus reshuffle, national defence and security; preventing and fighting against natural disasters and epidemics, as well as social security policies," stated the National Statistics Office (NSO).

Meanwhile, the total state budget revenues are estimated to have sat at $106 billion, tantamount to 134.7 per cent of the year's estimates and representing a rise of 29.7 per cent as compared to 2024.

"This was thanks to strengthened revenue management and close coordination among ministries, agencies, sectors, and localities in fighting against revenue losses, smuggling, trade fraud, and collection of unpaid taxes," the NSO said.

"This was also thanks to reductions and extensions of taxes, fees, charges, and land rental which have contributed to supporting enterprises to overcome difficulties and recover production and business activities - therefore generating more revenues for the state budget," it added.

In the year's revenue structure, domestic revenues are estimated to have come in at nearly $92 billion, up 33.2 per cent on-year, and accounting for 86.8 per cent of the total state budget revenue.