State budget revenue from import-export activities meets 2025 estimate

According to information from the Customs Sub-Department Region XVIII, as of December 15, state budget revenue from import–export activities reached over 21.6 trillion VND, representing an increase of nearly 4.3% compared to the same period in 2024 and surpassing 100% of the 2025 revenue estimate (21.55 trillion VND).

Import–export activities at Dong Nai port. Photo: Ngoc Lien

Customs Sub-Department Region XVIII reported that recently, several groups of import and export commodities have influenced fluctuations in budget revenue through taxable trade turnover. For major imported goods, taxable import turnover increased by more than 573 million USD, resulting in a boost of over 1.4 trillion VND in state budget revenue in 2025 compared to the same period in 2024. Key contributing commodity groups included other base metals (up 26%), plastic products (up 43%), and electric wires and cables (up 50%), among others.

Conversely, certain major imported commodity groups experienced a decline in taxable import turnover of more than 174 million USD, resulting in a corresponding decrease of over 527 billion VND in tax revenue in 2025 compared to the same period in 2024. These included pharmaceutical raw and auxiliary materials (down 34%) and animal feed and feed materials (down 58%).

Furthermore, another factor contributing to the decline in budget revenue was the reduction of the value-added tax rate from 10% to 8%, which led to a decrease of over 1.1 trillion VND in value-added tax revenue during the first 11 months of 2025.

With state budget revenue from import–export activities having reached the 2025 target as of December 15, all revenue collected in the remaining days of the year will be considered above-target, contributing toward the goal of reaching 22.25 trillion VND in total revenue for 2025.

By Ngoc Lien – Translated by Hong Van, Minho