State budget collection hits 1.16 quadrillion VND by November 15
Total State budget collection from the beginning of the year until November 15 was estimated at 1.16 quadrillion VND (49.78 billion USD), up 16.1 percent as compared to the same period last year.
Total State budget collection from the beginning of the year until November 15 is equivalent to 87.9 percent of the whole year’s estimate, according to the General Statistics Office (Photo: VNA)
Hanoi (VNA) - Total State budgetcollection from the beginning of the year until November 15 was estimated at 1.16quadrillion VND (49.78 billion USD), up 16.1 percent as compared to the same period last year.
The amount is equivalent to 87.9 percent of thewhole year’s estimate, according to the General StatisticsOffice (GSO).
In the period, domestic collection reached 926.9trillion VND (39.77 billion USD), accounting for 84.3 percent of the estimate.
Budget revenue from crude oil achieved 150 percentof its estimated value at 54.3 trillion VND (2.33 billion USD).
Import-export activities contributed 174.9trillion (7.5 billion USD) to the State budget, 97.7 percent of projectedrevenue.
Revenue from State-owned enterprises reached 128.6trillion VND (5.51 billion USD), while foreign invested enterprises (excludingcrude oil) was 156.6 trillion VND (6.72 billion USD), equivalent to 77.2 percentand 70.3 percent of the estimates, respectively.
Tax collection from industrial, trade andnon-State services reached 178.7 trillion VND (7.67 billion USD), from personalincome tax 82.5 trillion VND (3.54 billion USD) and from environmentalprotection tax 38.3 trillion VND (1.64 billion USD). Compared to the yearlyestimate, these budget revenues are estimated to fulfil about 80 percent. Landuse fee collection was 102.1 trillion VND (4.38 billion USD), exceeding theyearly estimate by 18.8 percent.
According to the GSO, total budget spending wasestimated at more than 1.16 quadrillion VND (49.78 billion USD), up 9.4 percentfrom the same period last year, 76.6 percent of the yearly target.
Regular expenditure from January to mid-Novemberwas estimated at 806.8 trillion VND (34.62 billion USD), 85.8 percent of theyear’s estimate.
Debt payment and interest expenses during theperiod hit 93.5 trillion VND (4.01 billion USD), some 83.1 percent of theyear’s estimate.
The budget spent on development investment was 239.8trillion VND (10.29 billion USD), only 60 percent of the estimate.-VNA
Economic restructuring should be channelled more specifically to realise the socio-economic targets set by the National Assembly, not only for 2018 but also for the following years, said Minister of Planning and Investment Nguyen Chi Dung.
Ho Chi Minh City is confident of fulfilling its 2018 budget collection goals, as its economy saw stable and positive development in the first three quarters of this year, according to Chairman of the municipal People’s Committee Nguyen Thanh Phong.
Although completing the majority of its economic targets for 2018, Ho Chi Minh City is still burdened with heavy pressure from its budget collection, said Nguyen Thanh Phong, Chairman of the municipal People’s Committee at a meeting on November 1.
The 12th National Assembly approved the State budget projection for 2019, with an approval rate of 86.19, during its ongoing sixth session in Hanoi on November 9.
The Finance Ministry reported on November 12 that total State budget collection was estimated at 1.12 quadrillion VND in the January-October period, equivalent to 84.9 percent of the yearly estimates, and up 15.1 percent from the same time of 2017.
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Total State budget collection from the beginning of the year until November 15 is equivalent to 87.9 percent of the whole year’s estimate, according to the General Statistics Office (Photo: VNA) 
