Vietnam’s Revenue Reaches 96.4% of Annual Budget in First 10 Months

Vietnam’s Ministry of Finance estimates that national revenue reached 2,438.9 trillion Vietnamese dong in the first 10 months of 2026, equivalent to 96.4% of the annual budget. Domestic revenue totaled 2,102.8 trillion Vietnamese dong. State owned enterprises, foreign invested enterprises and the private sector contributed a combined 1,052.9 trillion Vietnamese dong, reaching 103.3% of the budget target. Housing and land related revenue totaled 479.755 trillion Vietnamese dong, accounting for nearly one fifth of national revenue. Of that, land use fees brought in 398.599 trillion Vietnamese dong.

Housing and land related revenue accounted for 19.7% of Vietnam’s national revenue in the first 10 months of 2026.（VietVance）

Ho Chi Minh City recorded revenue of 767.238 trillion Vietnamese dong in the first 10 months, the highest nationwide. That was 94.3% of its annual budget and a 16.8% increase from a year earlier. Housing and land related revenue totaled 78.917 trillion Vietnamese dong, accounting for 10.3% of the city’s revenue. Hanoi recorded revenue of 652.2 trillion Vietnamese dong, reaching 100.3% of its annual budget. Its housing and land related revenue totaled 112.617 trillion Vietnamese dong, up 7.1% year on year.

The 10 provinces and cities with the highest revenue in Vietnam in the first 10 months of 2026.（VietVance）

Several localities met their full year revenue targets early. Quang Ninh recorded revenue of 84.953 trillion Vietnamese dong in the first 10 months, exceeding its annual budget by 15%. Bac Ninh recorded 76.765 trillion Vietnamese dong, or 106.1% of its budget. Da Nang recorded 74.0243 trillion Vietnamese dong and had already met its annual target by the end of September. Thanh Hoa and Tay Ninh also met their annual budgets.

Land revenue made a substantial contribution to some local budgets. Housing and land related revenue in Da Nang reached 27.4931 trillion Vietnamese dong, accounting for 37.1% of local revenue and rising 350.9% year on year. Land use fees in Quang Ninh totaled 31.515 trillion Vietnamese dong, or about 37.1% of local revenue. In Nghe An, land use fees totaled 10.941 trillion Vietnamese dong, accounting for about 38.3% of local revenue.

In the first 10 months, land use fee revenue helped several localities meet their annual revenue targets early.（VietVance）

Results varied across localities. Hung Yen recorded revenue of 57.618 trillion Vietnamese dong in the first 10 months, reaching only 68.39% of its annual plan and falling 25.15% year on year. Its land revenue was 21.543 trillion Vietnamese dong, down 57.17% year on year, but still accounted for about 37.4% of local revenue. Land use fees in Thanh Hoa totaled 13.534 trillion Vietnamese dong, or about 23.6% of local revenue.

Source: VietVance