Budget revenue exceeded plan, development investment expenditure achieved positive results
Total state budget revenue in Hanoi in the first 10 months of 2025 is estimated at VND 564,200 billion, exceeding the ordinance estimate by 9.8% and increasing by 35.8% over the same period in 2024. Of which, domestic revenue reached VND 531,400 billion, exceeding by 10.2% and increasing by 36.5%; revenue from crude oil reached VND 2,100 billion, equal to 50.9% of the plan and equal to 67.7% of the same period; revenue from import-export activities reached VND 30,400 billion, exceeding by 11.4% and increasing by 36.5%.
In the domestic revenue structure, revenue from the State-owned enterprise sector reached 65,000 billion VND, equal to 80.7% of the year's estimate and increased by 4.4%; the foreign-invested sector reached 28,700 billion VND, equal to 94.4% and increased by 9.8%; the non-State enterprise sector reached 110,300 billion VND, exceeding 4.1% and increasing by 43%.
Personal income tax reached 53,000 billion VND, exceeding 6% and increasing by 26.9%; land use fee collection reached 89,000 billion VND, exceeding 85.6% and 2.7 times higher than the same period; fee and charge collection reached 20,900 billion VND, equal to 88.9% and increasing by 6.6%; registration fee reached 6,800 billion VND, equal to 94% and increasing by 9.8%.
Total local budget expenditure for 10 months is estimated at VND 105,200 billion, equal to 63.4% of the annual estimate and up 40.2% over the same period in 2024. Of which, development investment expenditure reached VND 47,200 billion, equal to 54.2% and up 42.7%; regular expenditure reached VND 57,900 billion, equal to 81.9% and up 38.3%.
The main spending areas include education, training and vocational training estimated at VND19,900 billion, equal to 80.5% and an increase of 27.3%; administrative management, party and mass organization spending of VND13,200 billion, exceeding 22.3% and increasing 80.9%; economic activity spending of VND8,400 billion, equal to 64% and increasing 29.7%; social security spending of VND5,800 billion, equal to 86.8% and increasing 47.4%; health, population and family spending of VND3,100 billion, equal to 91.1% and increasing 50.7%; environmental protection spending of VND2,300 billion, equal to 68.7% and increasing 18.5%.
The above results show the effectiveness in managing the City's budget revenue and expenditure, both ensuring development resources and maintaining a solid financial balance, creating conditions for public investment activities, social welfare and security.
Bank credit growth is steady
In October 2025, the State Bank of Vietnam continued to direct the stabilization of deposit interest rates and reduction of lending interest rates to support businesses and people. The average interest rate on deposits in Vietnamese Dong at commercial banks remained at 0.1-0.5%/year for demand deposits and deposits with terms of less than 1 month; 3.3-4.1% for terms from 1 to less than 6 months; 4.6-5.6% for terms from 6 to less than 12 months; 4.9-6% for terms of 12 months or more.
The average lending interest rate ranges from 6.5% to 8.8% per year. The short-term lending interest rate in Vietnamese Dong for priority sectors such as agriculture, export, small and medium enterprises, supporting industries, and high technology is at an average of 3.9% per year, lower than the ceiling of 4% set by the State Bank.
Total mobilized capital of credit institutions in the area by the end of October 2025 reached VND 6,724,000 billion, up 0.61% over the previous month and up 10.97% over the end of 2024. Of which, deposits reached VND 5,953,000 billion, up 0.67% and up 11.34%; issuance of valuable papers reached VND 771,000 billion, up 0.16% and up 8.16%.
Total outstanding credit balance by the end of October reached VND 5,531,000 billion, up 1.12% over the previous month and up 22.76% over the end of 2024. Outstanding short-term loans reached VND 2,253,000 billion, up 17.1%; outstanding medium and long-term loans reached VND 3,278,000 billion, up 26.97%. The bad debt ratio of credit institutions accounted for 1.59% of total outstanding loans, within the safe limit.
Credit is mainly focused on priority areas: small and medium enterprises account for 20.35%; agriculture and rural areas 10.2%; exports 5.09%; supporting industries 2.43%; high-tech enterprises 0.39%. Credit activities continue to play an important role in maintaining economic growth, supporting production, trade, services and shifting the economic structure towards modernization.
The stock market maintains good liquidity
As of October 24, 2025, on the two exchanges HNX and Upcom, there were 1,184 listed and registered enterprises, including 304 enterprises on HNX and 880 enterprises on Upcom. The listed value reached VND 669,400 billion, up 0.1% compared to the end of last month and up 8.3% compared to the same period in 2024. Of which, HNX reached VND 173,000 billion, Upcom reached VND 496,400 billion.
The total market capitalization value at the closing time of the session on October 24 reached VND1,866,000 billion, up 0.4% compared to the previous month and up 4.6% compared to the same period last year. The capitalization value of the HNX floor reached VND451,000 billion, up more than 10%, while the Upcom floor reached VND1,415,000 billion, down slightly by 2.4%.
The average daily trading volume on HNX reached 111.8 million shares, double that of the same period last year; the average trading value reached VND2,620 billion, 2.6 times higher. The total trading volume in 10 months reached 20.3 billion shares, equivalent to a transfer value of VND392,200 billion.
By the end of September 2025, the Vietnam Securities Depository had issued 240 new trading codes to foreign investors and the total number of trading accounts in the entire system reached 1,746,000 accounts, reflecting investors' confidence in the Vietnamese stock market in general and Hanoi in particular.
The above results show that Hanoi's financial, banking and securities systems are operating stably, safely and effectively, creating a solid foundation for socio-economic growth, contributing to affirming its position as the leading financial center of the country.
Source: https://daibieunhandan.vn/ha-noi-thu-ngan-sach-vuot-gan-10-du-toan-tin-dung-va-huy-dong-von-tang-manh-10394780.html
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