The figures were announced by the Ministry of Finance at a news conference on April 5.
Domestic revenues hit VND315.4 trillion, up 13.8% year-on-year and equivalent to 26.9% of the full-year target.
The finance ministry stated that 49 out of 63 provinces and centrally-governed cities reported revenues of at least 24% of their respective full-year targets.
Revenues from crude oil dropped 14.3% against the same quarter of 2018, to VND12.28 trillion (US$528 million), equivalent to 27.5% of the yearly estimate.
According to the latest data, revenues from export-import activities were estimated at VND80.8 trillion (US$3.47 billion), a year-on-year increase of 17.6%.
In contrast, government spending in the January-March period was estimated at VND315.6 trillion (US$13.57 billion), up 7.6% over the same period of 2018.
At VND237.2 trillion (US$10.2 billion) recurrent spending accounted for more than three quarters of the total expenditure.