Vietnam state budget revenue rises 16% in first eight months of 2026

Vietnam's state budget revenue for the first eight months of 2026 reached 79.7% of the annual estimate, representing a 16% increase compared to the same period last year. Meanwhile, budget expenditures reached 50.9% of the annual estimate, up 13.3% year-on-year. These results were achieved despite approximately 209.2 trillion VND in taxes, fees, and land rent being exempted, reduced, or extended to support citizens and businesses.

In a separate diplomatic development, Vietnam's Finance Minister Ngô Văn Tuấn held bilateral talks with Russian Finance Minister Anton Germanovich Siluanov in Moscow. The meeting aimed to promote comprehensive financial cooperation between Vietnam and the Russian Federation. Additionally, reports indicate progress in Vietnam's commitments to tax transparency and information exchange, contributing to a more stable and integrated international investment environment.

Regarding public investment, disbursement has shown positive trends over the eight-month period, though a significant volume of capital remains to be implemented in the final months of the year. Authorities have emphasized the need to resolve bottlenecks to ensure efficient capital absorption.