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Update news state budget
Among foreign suppliers, 176 entities had registered, declared and paid taxes through the portal by the end of September 2025. Major names include Meta, Google, Netflix and TikTok.
State budget revenue as of October 16 reached more than 2 quadrillion VND (76 billion USD), surpassing the estimate for the whole of 2025 by 2.35%, according to a report from the State Treasury of Vietnam.
The country’s total import-export turnover during the period stood at 597.93 billion USD, a 16.3% rise compared with the same period last year.
Vietnam’s taxman is cashing in on the digital boom, with nearly VND135 trillion ($5 billion) collected from e-commerce and digital economy players in the first eight months of 2025 – a 63% surge year-on-year, according to the Department of Taxation.
Vietnam’s state budget revenue from import-export activities reached over 261.37 trillion ($9.97bil) in the first seven months of 2025, equivalent to 63.6% of the annual estimate and 55.6% of the targeted goal, the Department of Customs reported.
Moustapha & Yu's quantitative study of 35 countries found that a 1 percent increase in R&D spending can boost real GDP growth by up to 2.83 percent, highlighting the critical role of innovation in long-term economic growth.
A total of 1,988 new projects were licensed in the first half, up 21.7% year-on-year, with newly registered capital amounting to nearly 9.3 billion USD. Foreign investors poured capital into 18 out of 21 economic sectors.
Vietnam's trade balance in the first half of 2025 is estimated to show a surplus of 7.19 billion USD, a 40.6% decline compared to the figure recorded in the same period last year.
The Ministry of Finance attributed the strong performance to solid economic growth in 2024, which drove up corporate income tax and value-added tax collections.