Expenditure

The basic salary is set to go up from VND1.49 million ($65.46) per month to VND1.6 million ($70.17) from July 2022.

Vietnam recorded a trade surplus of US$2.67 billion during the period.

As of December 15, the budget revenue collection reached VND1,307.4 trillion (US$56.67 billion), equivalent to 86.5% of the year's estimate.

The release of these figures is a key step in promoting transparency and publicity of Vietnam’s state budget.

The State budget collection this year is projected not to reach the estimate amid rising expenditure and declining fees and charges.

Such a high fiscal deficit is due to low state budget revenue and increase in regular spending under the severe Covid-19 impacts.

As of August 15, budget revenue collection reached VND812.2 trillion (US$35.04 billion), equivalent to 53.7% of the year's estimate.

As of July 20, the government delayed a payment worth VND47.6 trillion (US$2.04 billion) of land rental fees and taxes for enterprises, organizations and household businesses.