Vietnam’s State budget sees VND95.6 trillion surplus in two months

As of end-February, State budget revenue was recorded at VND323.8 trillion ($14.3 billion), up 10.8 percent from a year earlier. The amount is equivalent to nearly 23 percent of the whole-year target, according to data from the Ministry of Finance.

Of the total, revenue from domestic activities reached over VND270.8 trillion, equivalent to 23 percent of the year’s estimate, revenue from crude oil was estimated at over VND8 trillion, equivalent to 28.6 percent of the year’s plan while the remaining amount was from import and export activities.

Meanwhile, total spending in the reviewed period was posted at over VND228.2 trillion ($10 billion), equal to 12.8 percent of the year’s estimate. In the first two months, the ministry raised VND32,460 billion ($1.4 billion) from bond issuance, with an average interest rate of 2.39 percent per year.