Completing the Decree on personal income tax
The Ministry of Finance is seeking opinions on the draft Decree detailing a number of articles of the Law on Personal Income Tax (PIT) and will receive and complete it to submit to competent authorities according to regulations.
The development of the Decree aims to ensure the implementation of tax policy reform guidelines according to the Resolutions of the Party and the State, including the Socio-Economic Development Strategy for the period 2021–2030, the Socio-Economic Development Plan 2026–2030 and the Tax System Reform Strategy to 2030.
At the same time, the Decree also aims to institutionalize policies to promote the development of science and technology, innovation, digital transformation, education, and health according to the Resolutions of the Politburo issued in the period 2024–2025.
Another important content is to ensure a synchronous legal basis for implementing the PIT Law, especially with contents assigned to the Government to detail such as taxable income, tax exemption and reduction, tax period and tax base.
According to the development orientation, the Decree will inherit current regulations without arising obstacles, while overcoming inadequacies in the implementation process, ensuring transparency, easy understanding, easy implementation and in line with the trend of international tax reform.
Budget revenue increased by 11.4% in the first quarter of the year
The Ministry of Finance said that accumulated state budget revenue (NSNN) in the first quarter of 2026 is estimated at 829.4 trillion VND, equal to 32.8% of the estimate and an increase of 11.4% compared to the same period in 2025.
In which, domestic revenue reached 740.7 trillion VND, equal to 33.7% of the estimate, an increase of 12.5% compared to the same period. However, the growth rate has slowed down compared to the same period last year and the progress of collecting some taxes shows signs of decrease.
Revenue from crude oil is estimated at 11.2 trillion VND, equal to 26.1% of the estimate, down 15.8% compared to the same period.
Balanced revenue from import and export activities reached 77.4 trillion VND, equal to 27.8% of the estimate, an increase of 7.6% compared to the same period, based on total tax revenue reaching about 117.9 trillion VND.
Ensuring budget balance
Regarding state budget expenditure, accumulated Q1/2026 is estimated at 530.1 trillion VND, equal to 16.8% of the estimate, an increase of 23.1% compared to the same period last year.
In which, development investment expenditure reached about 116.1 trillion VND, the disbursement rate is estimated to reach 11.5% of the plan assigned by the Prime Minister; interest payments reached 30.7% of the estimate; recurrent expenditure reached 20.8% of the estimate.
Budget expenditure tasks are implemented according to estimates, meeting the requirements of socio-economic development, national defense, security and social security.
In the first quarter, the central budget used 5,588 billion VND from contingency funds to carry out urgent tasks and support the recovery from natural disasters and epidemics; and allocated 15,527 tons of national reserve rice to support people during Tet and the pre-harvest period.
Notably, the Government has issued Resolution No. 69/NQ-CP dated March 27, 2026, and the Prime Minister has decided to supplement 8,000 billion VND of the state budget expenditure estimate for 2026 to advance to the gasoline and oil price stabilization fund, contributing to macroeconomic stability and inflation control.
Regarding budget balance, the Ministry of Finance said that central and local budgets are still guaranteed. As of the end of the first quarter, 80.1 trillion VND of government bonds have been issued, with an average term of 10.02 years and an average interest rate of 4.06%/year.
