Hung Yen’s state budget revenue rises over 82% in first nine months

Hung Yen Province’s state budget revenue in September was estimated at 3.669 trillion VND, bringing total revenue in the first nine months of 2025 to about 70.625 trillion VND, according to the Hung Yen Provincial Statistics Office.

Production activities at Bao Hung International Joint Stock Company, Hung Yen Province.
Production activities at Bao Hung International Joint Stock Company, Hung Yen Province.

This represents an increase of 82.18% year on year and 127.47% of the annual target. Of this, domestic revenue exceeded 66 trillion VND, up 89.9% and fulfilling 132% of the year’s plan, while revenue from import–export activities reached 4.579 trillion VND, up 14.81% and equivalent to 84.79% of the annual plan.

Key domestic revenue components included: over 1 trillion VND from state-owned enterprises (up 19.83%); more than 3 trillion VND from foreign-invested firms (up 21.37%); 15.274 trillion VND from non-state sectors (up 18.25%); 1.376 trillion VND from fees and charges (up 36.38%); 2.889 trillion VND from personal income tax (up 59.32%); and over 40 trillion VND from land-related revenues, marking a remarkable 190% increase.

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Groundbreaking ceremony for the modern waste-to-energy plant in Thai Thuy Commune, Hung Yen Province.

Industrial production in Hung Yen continued to expand strongly, with the industrial production index for the first nine months rising 11.51% compared with the same period last year. Specifically, the mining sector grew 11.47%; manufacturing and processing industries rose 11.53%; electricity, heat and steam production and distribution increased by over 8%; and water supply, waste management, and treatment services expanded by more than 20%.

Most of Hung Yen’s level-two industries reported strong growth. Machinery and equipment manufacturing surged by more than 95%; printing and copying of all kinds of records by over 40%; rubber and plastic products by over 22%; electrical equipment by over 21%; leather and related products by more than 20%; paper and paper products by over 20%; and pharmaceuticals, chemicals, and medicinal materials by over 18%.

NDO
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