State Budget

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.

State budget revenue has been on the rise despite the pandemic situation and helps provide sufficient funds to support the ongoing fight against the pandemic.

Manufacturing and processing continue to be key driving forces for the growth, making up 25% of the GDP.

A legal framework for restructuring state-owned enterprises (SOEs) in the 2021-25 period is expected to speed up the process.

High budget revenue in the five-month period was thanks to economic recovery trend that has stated since late 2020.

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

The funding for Covid-19 vaccines comes from the state budget and other sources.

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.

An addition of VND4.54 trillion (US$196.5 million) was mobilized to help mitigate impacts from natural disasters, flooding and African swine fever.