Vietnam's state budget revenue reached an estimated VND1.34 quadrillion (USD51.5 billion) during the first five months of 2026, equivalent to 53% of the annual target and up 15.4% from the same period last year, according to the Ministry of Finance.

Providing an update on state budget performance, the ministry said cumulative state budget revenue for the January-May period showed strong growth across major revenue sources.

Domestic revenue was estimated at more than VND1.16 quadrillion (USD44.6 billion), fulfilling 53.1% of the annual target and increasing 15.8% year-on-year. For comparison, domestic revenue in the first five months of 2025 reached 60.5% of the annual target and rose 30.4% compared with the same period in 2024.

Revenue from crude oil totaled an estimated VND24.8 trillion (USD953 million), equivalent to 57.7% of the annual target and up 15.4% from a year earlier.

Balanced revenue from import and export activities was estimated at VND147.2 trillion (USD5.66 billion), accounting for 52.9% of the annual target.

Total revenue generated from import-export activities reached an estimated VND212.3 trillion (USD8.16 billion), equal to 47.1% of the annual target and up 15.3% year-on-year.

Meanwhile, value-added tax refunds amounted to approximately VND65.1 trillion (USD2.5 billion), representing 37.6% of the annual allocation and an increase of 23.2% compared with the same period last year.

State spending reaches more than $32 billion

On the expenditure side, cumulative state budget spending in the first five months was estimated at VND845.4 trillion (USD32.5 billion), equivalent to 26.8% of the annual budget plan and up 3.3% year-on-year.

Development investment spending reached an estimated VND206.2 trillion (USD7.9 billion), accounting for 18.4% of the budget approved by the National Assembly. Public investment disbursement was estimated at 20.3% of the plan assigned by the Prime Minister.

Interest payment obligations reached approximately 43% of the annual target, while recurrent expenditure was estimated at 32.4% of the annual plan.

According to the Ministry of Finance, state budget spending during the first five months of the year adequately met the needs of socio-economic development, national defense and security, public administration and debt servicing.

The ministry also said the budget ensured timely payment of salaries, pensions and social welfare benefits funded by the state budget, while supporting the effective implementation of social security policies.

Nguyen Le