Revenue from e-commerce in 2025 will reach about 172 trillion VND

Deputy Prime Minister Le Thanh Long speaks. Photo: Nhat Bac

Deputy Prime Minister Le Thanh Long stated that, in a very difficult context, with the highest efforts and determination, the State budget revenue and expenditure estimates reached and exceeded 12/12 main targets of the entire term. State budget revenue is estimated at 9.6 million billion VND, 1.36 times higher than the previous term, far exceeding the target of 8.3 million billion VND, while tax, fee, and charge exemption, reduction, and extension... are about 1.1 million billion VND; revenue increase, spending savings are 1.57 million billion VND.

At the same time, the Government focuses on implementing a reasonable, focused, and effective expansionary fiscal policy, in close and harmonious coordination with a proactive, flexible, timely, and effective monetary policy to contribute to promoting growth. As a result, public debt, government debt, foreign debt, and state budget deficit are well controlled, much lower than the prescribed limits; public debt decreased from 44.3% of GDP in 2020 to about 35-36% in 2025 (the limit is 60% of GDP); the average state budget deficit decreased from 3.53% of GDP in the 2016-2020 period to 3.1-3.2% of GDP in this term.

According to the Deputy Prime Minister, in the context of a strongly fluctuating world situation, with generally more difficulties and challenges than opportunities and advantages; the work of building the State budget revenue estimate is carried out according to the principle of prudence, ensuring national financial security and safety (State budget deficit, public debt, government debt, and national foreign debt within the prescribed safety limits), ensuring sufficient resources to meet the requirements for spending on development investment, spending on people, ensuring social security, spending on national defense and security and urgent spending tasks arising (natural disasters, storms and floods...).

In organizing implementation, the Government has resolutely directed revenue management, ensuring correct, full and timely collection; promoting digital transformation application, expanding the scope of electronic invoices; focusing on preventing revenue loss in e-commerce and service activities (food and beverage, hotels, etc.).

Of which, revenue from e-commerce in 2025 will reach about 172 trillion VND, an increase of 67% compared to 2024; applying new tax collection solutions for business households; in the first 9 months of 2025, it will reach 25.1 trillion VND (an increase of 29.6% compared to the same period in 2024); the whole year is estimated to reach over 33 trillion VND. The total increase in state budget revenue for the entire 2021-2025 term will reach 1.57 million billion VND, used to increase spending on development investment, spending on people (increase salaries), national defense - security and other urgent important tasks.

Deputy Prime Minister Le Thanh Long spoke to explain and clarify three issues of concern to National Assembly delegates. Photo: Nhat Bac

In the coming time, the Government will continue to direct the Ministry of Finance and relevant agencies to deploy solutions to enhance the application of information technology and digital transformation, focusing on doing a good job of analysis and forecasting to serve the development of revenue estimates and management of state budget revenue and expenditure.

The Deputy Prime Minister said that the disbursement of public investment capital from the beginning of the year to October 23, 2025 was VND 465 trillion, reaching 51.7% of the plan assigned by the Prime Minister; the disbursement rate is equivalent to the same period in 2024 at 51.5%, but the absolute capital is about VND 115,658 billion higher (the same period in 2024 was VND 349,170 billion).

In general, disbursement of public investment capital tends to be low at the beginning of the year and increases sharply at the end of the year because contractors need time to construct and accumulate enough volume for acceptance and payment at the end of the year (during the term, the total disbursement rate for the first 9 months of each year is only about 49-51%; while the disbursement result at the end of the year is always from 91-95%).

The Deputy Prime Minister said that since the beginning of the term, the Government and the Prime Minister have focused on directing the drastic acceleration of implementation and disbursement of public investment capital right from the beginning of the year; clearly identifying this as a key political task of ministries, branches, and localities, and the heads must take responsibility.

In response to the opinions of National Assembly deputies, the Government focused on directing ministries, branches and localities to urgently overcome the above limitations and shortcomings, determined to strive to complete the disbursement rate of public investment capital in 2025 to reach the target of 100% of the plan assigned by the Prime Minister (about 5-6% higher than the average of previous years).

Source: https://hanoimoi.vn/thu-tu-thuong-mai-dien-tu-nam-2025-dat-khoang-172-nghin-ty-dong-721555.html