Vietnam Projects About VND 775 Trillion in Property-Related Revenue for 2027

Vietnam’s National Assembly approved the 2027 state budget resolution on November 9, with all participating delegates voting in favor. Budget revenue is projected to exceed VND 3,330 trillion, including more than VND 1,770 trillion for the central budget and more than VND 1,550 trillion for local budgets.

Delegates attend the National Assembly session on the morning of November 9.（VietVance）

Domestic revenue is projected at nearly VND 2,950 trillion, accounting for more than 88% of total revenue. Of that, revenue related to property and land is expected to reach about VND 775.28 trillion, or more than 26% of domestic revenue, roughly 40% above the 2026 budget estimate. Land use fees alone could exceed VND 666.85 trillion.

Budget spending in 2027 is projected at VND 4,070 trillion. Development investment spending is estimated at about VND 1,750 trillion, or 43% of total spending, while recurrent spending, including salary reform, is estimated at about VND 2,060 trillion. The budget deficit is projected to exceed VND 739.59 trillion, equivalent to 4.5% of GDP, and total state budget borrowing is expected to approach VND 1,280 trillion.

The resolution allocates VND 80.4 trillion to salary reform in 2027 and directs the government to use accumulated salary reform funds to cover salaries, allowances and related benefits. The National Assembly also called for 2027 budget revenue to rise by about 9.1% from 2026, for stronger efforts to prevent revenue losses, transfer pricing and tax evasion, and for a broader tax base covering areas such as e-commerce and business on digital platforms.

Source: VietVance