Government revenues hit VND1.41 quadrillion in 2019

Monday, 2019-12-30 09:59:11
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Government revenue in 2019 is estimated at US$60.7 billion.
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NDO - Vietnam’s government revenue in 2019 has been estimated at VND1.41 quadrillion (US$60.7 billion), beating the full-year target by a slight 0.2% as of December 15, as per the data released by the General Statistics Office.

Specifically, domestic revenue reached 1.14 quadrillion (US$49.5 billion), equivalent to 97.7% of the target while revenue from crude oil surpassed the target by 19.5% to hit VND53.3 trillion (US$2.3 billion).

Revenue from export-import activities was estimated at VND210.2 trillion (US$9.1 billion), 11.1% higher than the target.

In the meantime, government spending was estimated at VND1.31 quadrillion (US$56.8 billion), equivalent to 80.6% of the full-year target, with recurrent spending estimated at 927.9 trillion (US$40.3 billion).

Spending on development investment was estimated at VND246.7 trillion (US$10.7 billion) and spending on servicing debts at VND99.3 trillion (US$4.3 billion).