VIETNAM COLLECTS VND1.4 QUADRILLION IN BUDGET REVENUE BY MID-JUNE

At Cat Lai Port in HCMC - PHOTO: LE VU

HCMC – Vietnam’s state budget revenue reached VND1.425 quadrillion as of June 15, making up 56% of the full-year target, while public investment disbursement amounted to VND188.8 trillion, equivalent to 20.5% of the 2026 plan assigned by the Prime Minister.

According to the Vietnam State Treasury (VNST), disbursements through its system totaled VND188.832 trillion out of the VND923.098 trillion public investment plan for 2026. Domestic capital accounted for VND186.6 trillion, or 20.6% of the assigned target, while foreign-funded capital reached VND2.232 trillion, equivalent to 12.6%.

The figures exclude special expenditures processed through financial agencies, including interest rate subsidies, management fees paid to commercial banks, and spending related to defense and security.

On the revenue side, coordination among VNST, tax authorities and customs agencies helped accelerate collections. State budget revenue nationwide had reached 56.36% of the annual estimate of VND2.529 quadrillion by mid-June.

Domestic revenue excluding crude oil totaled VND1.232 quadrillion. Revenue from crude oil amounted to VND27.496 trillion, equal to 63.95% of the annual target, while revenue from import-export activities reached VND165.714 trillion, or 59.61% of the full-year estimate.

The figures show strong revenue performance in the first half of 2026, supported by manufacturing, business activities and trade. However, the pace of public investment disbursement remains relatively slow compared with the scale of the nearly VND1 quadrillion investment plan for the year.

According to VNST, delays in land clearance due to difficulties in determining land origins and compensation prices remain a major obstacle. Rising prices of construction materials, including fill soil, sand and stone, as well as higher fuel costs, have also increased project costs and prompted investors to revise estimates and contracts.

Seasonal factors, with many projects focusing on paperwork early in the year, and shortages of dedicated staff at commune and ward levels have further constrained the capacity to absorb public investment funds.

Source: The Saigon Times