In the first five months, state budget revenue is estimated at 1,341 trillion VND.

On June 3rd, the Ministry of Finance announced the results of the State budget implementation for the first five months, with total revenue estimated at 1,341 trillion VND.

Of this total, domestic revenue is estimated at VND 1,168.2 trillion, equivalent to 53.1% of the projected figure and a 15.8% increase compared to the same period last year. Revenue from crude oil is estimated at VND 24.8 trillion, equivalent to 57.7% of the projected figure. This result was achieved thanks to the average crude oil settlement price reaching approximately USD 91.4 per barrel, USD 21.4 higher than the projected price, along with an estimated production of 3.5 million tons. In addition, revenue from import and export activities is estimated at VND 147.2 trillion, equivalent to 52.9% of the projected figure, after value-added tax refunds of approximately VND 65.1 trillion have been processed.

In May alone, budget revenue is estimated at nearly 216.3 trillion VND, equivalent to 8.6% of the projected figure and 76.9% of the average revenue for the first four months of the year.

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Alongside tax collection efforts, the Tax and Customs authorities have actively implemented tax and fee exemption and reduction policies to support businesses and individuals in overcoming difficulties and promoting economic recovery. The total amount of exemptions and reductions implemented in the past five months is estimated at approximately 72.8 trillion VND. These policies include reducing the value-added tax rate from 10% to 8%, reducing the environmental protection tax on gasoline and aviation fuel, and ending the business license fee. In addition, the relevant agencies have strictly implemented Decision No. 482/QD-TTg and Resolution No. 19/2026/QH16 of the National Assembly on the flexible adjustment of environmental protection tax and special consumption tax on essential energy items when necessary for the national interest.

Regarding state budget expenditures, the cumulative figure for the first five months is estimated at 845.4 trillion VND, equivalent to 26.8% of the projected budget and a 3.3% increase compared to the same period in 2025. Budget expenditures were strictly managed, promptly meeting the needs of socio-economic development, national defense, security, and state management. Notably, the budget ensured timely payment of salaries, pensions, and social allowances, while also releasing over 15,700 tons of national reserve rice to support the people. The central budget reserve also allocated 5,605 billion VND to ministries, sectors, and localities to overcome the consequences of natural disasters and epidemics. In the expenditure structure, interest payments on debt are estimated at 43% of the projected budget, while development investment expenditure reached approximately 206.2 trillion VND, equivalent to 18.4% of the budget approved by the National Assembly .

Regarding the disbursement of public investment capital, progress in May showed positive changes, with the disbursement rate for the first five months reaching 20.3% of the plan assigned by the Prime Minister. Currently, ministries, sectors, and localities are focusing on implementing solutions to accelerate allocation and disbursement as directed by the Government. The Ministry of Finance stated that it is conducting a review to propose to competent authorities the reduction or reallocation of capital from slow-progressing projects to units with a better capacity to absorb capital.

Regarding budget balance, as of the end of May, the Government had issued 159.2 trillion VND in bonds with an average maturity of 9.5 years and a low interest rate of 4.09% per year, ensuring stable and secure national financial resources.