Vietnam’s National Assembly Approves 2025 Budget Accounts, Calls for Detailed Report on Carried-Over Funds

Vietnam’s National Assembly passed a resolution approving the 2025 state budget accounts on the morning of November 13, 2026. Approved budget revenue exceeded VND 4.2 quadrillion, including revenue carried over from 2024 to 2025, the 2024 local budget surplus and revenue from financial reserve funds. Budget spending exceeded VND 4.5 quadrillion, including spending carried over from 2025 to 2026.

National Assembly deputies attend the morning session on November 13.（VietVance）

The 2025 state budget deficit exceeded VND 400 trillion, equivalent to 3.1% of GDP. This figure excludes local budget surpluses. The resolution put total state budget borrowing to cover the deficit and repay debt principal at VND 763.909 trillion.

The National Assembly called for an investigation into failures to strictly comply with legal requirements in preparing, implementing and finalizing the 2025 budget, including the responsibilities of those involved, and for serious action against violations. It called for carryovers that violate regulations, are no longer needed or have passed the disbursement deadline to be canceled and the funds returned to the state budget. It also called for the full recovery of central budget support allocated to localities in 2026 and earlier years if it was managed or used improperly or had passed the disbursement deadline, to reduce the central budget deficit.

The government must also give the National Assembly a detailed report on spending carried over from 2026 to 2027 and on unused salary policy reform funds held by each ministry, central agency and locality as of December 31, 2026. Finance Minister Ngô Văn Tuấn said the government would improve budget management and finalization, strengthen fiscal discipline and make budget spending more effective.

Vietnamese Finance Minister Ngô Văn Tuấn.（VietVance）

Source: VietVance