A citizen fills out a tax form. In the first five months, domestic tax revenue was estimated at VNĐ987.5 trillion, equivalent to 59.2 per cent of the estimate and up 27.6 per cent year-on-year.  — Photo thanhtra.com.vn

HÀ NỘI — Total state budget collection in the first five months of 2025 was estimated to reach nearly VNĐ1.14 quadrillion (US$43.76 billion), equivalent to 57.9 per cent of the yearly estimate, representing a year-on-year rise of almost 24.5 per cent, according to the Ministry of Finance (MoF).

Of the sum, domestic revenue was estimated at VNĐ987.5 trillion, equivalent to 59.2 per cent of the estimate and up 27.6 per cent year-on-year, the ministry reported on Tuesday at a meeting to review activities in May and implement tasks for June.

Director of the Taxation Department Mai Xuân Thành said that domestic tax revenue from goods and services in the first five months increased by 18.3 per cent over the same period last year. This is a fairly high increase, reflecting the positive recovery of production and business activities.

Notably, revenue from land and land use fees increased by 247 per cent year-on-year while revenue from oil and gas reached 87.9 per cent of the plan, making an important contribution to the central budget.

Revenue from business households increased by 26 per cent, while revenue from e-commerce activities increased by 55 per cent. The large revenues reflected efforts in expanding the tax base and effective tax management, Thành said.

Nguyễn Văn Thọ, director of the Customs Department, said that in the first months of the year, the customs sector proactively improved legal institutions, supported businesses, ensured budget revenue and promoted digital transformation, while drastically implementing measures to prevent and control smuggling and trade frauds.

To facilitate trade, the customs sector has increased support for businesses, especially in exporting agricultural products to China, with measures such as working overtime and clearing customs at night, helping export turnover increase by $300-500 million.

Regarding state budget expenditure, the accumulated expenditure for the first five months was estimated at VNĐ833.8 trillion, equivalent to 32.7 per cent of the yearly estimate, up 27.7 per cent over the same period in 2024.

Of that, development investment expenditure was estimated at about VNĐ199.3 trillion, equivalent to 25.2 per cent of the estimate approved by the National Assembly, with the disbursement rate reaching 24.1 per cent of the plan assigned by the Prime Minister, increasing in both value and rate compared to the same period last year.

As of May 31, the total disbursed public investment capital reached VNĐ209.7 trillion, equal to 21.9 per cent of the total yearly plan.

According to the MoF, the consumer price index (CPI) in the first five months increased by 3.21 per cent over the same period, and core inflation increased by 3.1 per cent. — VNS