Budget revenue exceeds the estimate for the whole year of 2025
According to the State Treasury (KBNN), by October 15, 2025, units in the system have proactively coordinated with tax authorities, customs and related units to focus quickly, fully, promptly and accurately account for budget revenues.
By the end of the third quarter of 2025, the KBNN had deployed a specialized collection account at 20 commercial banks. As of September 30, 2025, the KBNN has a total of 2,594 accounts at commercial banks, including 1,761 specialized accounts and 833 payment accounts (including 2,454 VND accounts and 140 foreign currency accounts).
Thanks to synchronous solutions, by October 16, 2025, the accumulated state budget revenue in the balance will reach more than VND 2 million billion, equivalent to 102.35% of the 2025 estimate. Of which, domestic revenue (excluding crude oil) reached 1.7 million billion VND, equal to 103.31% of the estimate; revenue from crude oil reached 39,037 billion VND, equal to 73.38% of the estimate; balanced revenue from import-export activities reached 249,222 billion VND, equal to 106.05% of the estimate (deducted from the estimate of value added tax refund).
Budget expenditure reaches 77.8% of the 2025 estimate
It is estimated that by October 15, 2025, total regular expenditures through the KBNN system will reach 1.2 million billion VND, equal to 77.8% of the regular expenditure estimate for 2025 (excluding debt payments, aid, additional expenditures from financial reserve funds, reserves).
Regarding investment expenditure, the accumulated public investment capital paid through the State budget under the 2025 plan will reach VND 419,983.4 billion, equivalent to 49.3% of the plan assigned by the Prime Minister, and equal to 41.3% of the capital plan including the additional allocation of localities.
In the third quarter of 2025, the State Treasury will be managed centrally, consistently and transparently throughout the system, fully meeting the needs of domestic and foreign currency payment and payment for units transacting with the Treasury, while ensuring timely payment of foreign debts. The KBNN has submitted to the Ministry of Finance for approval and implementation of the third quarter treasury management plan, risk management in operational activities and directed regional treasury units to pay and open accounts according to new regulations.
Coordination with commercial banks is carried out according to Circular 81/2025/TT-BTC dated August 13, 2025 of the Ministry of Finance, effective from October 1, 2025, on the management and use of payment accounts of KBNN opened at the State Bank and commercial banks.
Regarding capital mobilization, the State Bank has proactively advised the Ministry of Finance to organize the issuance of government bonds to mobilize capital for the central budget with an appropriate volume, ensuring safety and efficiency. At the same time, make full and timely payments of principal, interest and related expenses, coordinate with relevant units to advise on the development of budget estimates and public debt repayment plans for 2026, the third period of 2026-2028 and the fifth period of 2026-2030.
As of October 15, 2025, the total volume of capital mobilized since the beginning of the year to issue government bonds reached VND 268,112 billion, equivalent to 53.6% of the 2025 issuance plan (VND 500,000 billion). The average issuance term is 9.91 years, the average interest rate is 3.04%/year and the average maturity period of the bond portfolio is 8.67 years.
Completing accounting, settlement and state financial reporting
The internal payment system and payments with commercial banks and the State Bank are maintained to be stable, smooth and safe. KBNN coordinates with banks to open payment days (including holidays) to promptly pay policies and regimes to cadres, civil servants, public employees, workers and armed forces according to Decree 178/2024/ND-CP, and give gifts to people on the occasion of the 80th anniversary of the August Revolution and National Day on September 2.

In the settlement work, the State Bank has implemented Resolution 223/2025/QH15 of the National Assembly on supplementing the 2023 budget revenue estimate and approving the 2023 budget settlement. Accordingly, the KBNN has advised the Prime Minister to issue Directive 27/CT-TTg dated September 17, 2025 on the implementation of Resolution 223/2025/QH15, and at the same time submitted to the Ministry of Finance to issue Notice 696/TB-BTC dated September 9, 2025 on assigning implementing units and reporting the results of the implementation of the State Audit's recommendations in the State Audit Audit Audit Audit Report and the Public Debt Report in 2023.
The State Bank of Vietnam is supporting and guiding local treasurers to review local budget settlement data in 2024, coordinating with departments and branches under the Ministry of Finance to review, compare data, and appraise state budget settlement in 2024, preparing to submit to competent authorities for approval.
Regarding the preparation of State Financial Reports, the State Audit system has completed the synthesis and preparation of provincial-level financial reports for 2024 of 63 provinces and centrally run cities to submit to the Provincial People's Committee and report to the People's Council before the time of reorganization of local governments. At the same time, the State Audit Office has completed reviewing the formula, standardizing data for providing financial information, preparing the necessary conditions to synthesize and prepare the National State Financial Report for 2024, submitting it to the Government and reporting to the National Assembly according to regulations.