The Ministry of Finance reported that accumulated state budget revenue for the first eight months of 2026 reached an estimated 2.02 quadrillion VND, reaching 80% of the annual estimate and reflecting a 16% increase compared to the same period in 2025.
Notably, these revenue results held firm alongside the continued implementation of fiscal policies designed to support the public and the business community. The total value of taxes, fees, and land rental payments exempted, reduced, or deferred during the first eight months totalled roughly 209.2 trillion VND; this figure comprises 158.2 trillion VND in exemptions and reductions and approximately 51 trillion VND in deferrals.
Although total revenue sustained its upward trajectory over the eight-month period, revenue for the month of August alone showed signs of slowing. Budget revenue for the month is estimated at nearly 150.4 trillion VND, equivalent to approximately 6% of the annual estimate.
Domestic revenue anchored overall collections at 130.3 trillion VND, though this figure represents only 52% of the average monthly revenue recorded during the first seven months of the year. This trend stems primarily from the implementation of tax exemption, reduction, and deferral policies.
Revenue from crude oil hit roughly 5.8 trillion VND. The average settlement price for oil during the period is estimated at 95.4 USD per barrel, which is 25.4 USD per barrel higher than the price used for the budget estimate. Crude oil output is estimated at 0.73 million tonnes, representing 9.1% of the annual plan.
Meanwhile, revenue from import-export activities decelerated sharply. Revenue in August is estimated at approximately 13 trillion VND — equivalent to 40.5% of the monthly average recorded during the first seven months of the year and a 45.9% decrease compared to the same period last year.
This stems from taxable imports cooling since the early months of the year. This trend warrants continued monitoring, as import-export revenue is declining more sharply than other major revenue sources.
Regarding expenditure, total state budget spending in August was estimated at 238.1 trillion VND, pushing the eight-month cumulative total past 1.61 quadrillion VND; this figure represents 50.9% of the budget estimate and a 13.3% increase year-on-year.
In terms of expenditure composition, development investment spending totalled roughly 514.6 trillion VND (45.9% of the National Assembly-approved estimate), while interest payments and recurrent expenditures reached 63.3% and 56.1% of their respective estimates.
The balance of both central and local budgets remains stable. The Ministry of Finance has proactively mobilised capital, issued government bonds, and managed the state treasury to cover the central budget deficit and principal repayments, while also steering market trends.
To date, the volume of issued government bonds stands at 228.9 trillion VND, with an average maturity of 9.03 years and an average interest rate of 4.15% per annum.
