Specifically, revenue from domestic sources accounted for a large proportion and reached nearly 96.9% of the estimate. Revenue from crude oil was less positive, reaching only 69.9% of the plan, down 15.6% over the same period due to price and output fluctuations. Meanwhile, revenue from import-export activities improved, estimated at 98.8% of the plan and up nearly 12% compared to 2024.
On the other hand, the budget expenditure for the first 9 months reached VND1,591.3 trillion, equivalent to 61.7% of the annual estimate. Regular expenditure, security-defense expenditure, debt repayment and social security were fully implemented, reaching about 68-69% of the plan. However, development investment expenditure was slow, with the disbursement rate only reaching 53.7% of the plan, causing concerns about the progress of key projects.
To support arising tasks, the central budget has used about 25.9 trillion VND from reserve funds, of which more than 6.1 trillion VND is supplemented for localities to serve the arrangement of administrative units, overcome natural disasters, epidemics and restore production.
In the last 3 months of the year, the Ministry of Finance assessed that great pressure still exists, especially when revenue from crude oil has many potential risks. Therefore, the key task is to expand the tax base, strengthen the management of new revenue sources such as e-commerce, urge tax debt collection and prevent revenue loss. Regarding expenditure, the requirement is to promote the disbursement of public investment capital, ensuring the progress of socio-economic development commitments.
On October 2, 2025, Prime Minister Pham Minh Chinh signed and issued Official Dispatch No. 184/CD-TTg on state budget management in the last months of the year. The Official Dispatch recorded positive results when, by September 30, budget revenue had nearly reached 100% of the year's estimate, although the Government still implemented policies to reduce and defer taxes, fees and charges with a total amount of more than 200 trillion VND to support businesses and people.
However, in the context of complicated global economic and political developments, unpredictable natural disasters and epidemics that can directly affect growth and budget balance, the Prime Minister requested ministries, branches and localities to focus on synchronously implementing solutions.
Regarding revenue sources, the Ministry of Finance directed the tax and customs sectors to strengthen management, prevent revenue loss, ensure correct, full and timely collection; at the same time, expand the revenue base from e-commerce, food and beverage services, retail, promote technology application and resolutely deploy electronic invoices generated from cash registers, striving for the budget revenue for the whole year of 2025 to increase by at least 25% compared to the estimate.
Regarding budget expenditure, the Ministry of Finance is assigned to take the lead in tightly managing, thoroughly saving, tightening fiscal discipline, focusing on accelerating disbursement of public investment capital, especially key national projects, with the goal of completing 100% of the capital plan in 2025.
Along with that, the Ministry must review and cut unnecessary expenditures, rearrange and handle surplus public assets to avoid waste and loss.
Regarding policy coordination, the Ministry of Finance needs to work closely with the State Bank and relevant agencies in fiscal and monetary management to promote growth, control inflation, stabilize the macro-economy and ensure major balances of the economy.
In addition, the Prime Minister also requested the Ministry of Finance to urgently synthesize and report on plans to transfer public investment capital from ministries, branches and localities that do not allocate or disburse on time to places in need of additional capital before October 10, 2025. The transfer of public investment capital from ministries, agencies and localities that do not need to use it to ministries, agencies and localities that need additional capital to speed up the progress of projects according to regulations.
Source: https://nhandan.vn/thu-ngan-sach-9-thang-nam-nay-gan-dat-100-du-toan-ca-nam-post912351.html
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