Quarter 1/2018: Budget revenue rose 5.3%

	State budget revenue in January 2018 increased by 5.2%
	The Hanoi Customs Department: Implementing several solutions of state budget collection at the beginning of the year
	The finance sector detects many violations through inspections

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The specific statistics show that in the last 3 months, domestic revenue gained VND 253.1 trillion, equal to 23% of the estimate, up 7.2% over the same period in 2017. Excluding specialized revenues (revenues from land use fees, lottery, dividends and net profit of state-owned enterprises), the remaining domestic revenue is estimated at VND 209 trillion, equal to 24.1% of the estimate, up 10.9% over the same period of 2017. It is estimated that the domestic revenues of 49 of 63 localities reached the estimate rate (over 24%), of which the revenues of 32 localities accounted for 26% of the estimate; the revenues of 43/63 localities were higher than the same period last year and the revenues of 20 localities were lower than the same period last year.

Of which, the FDI sector achieved 22.5% of the estimate, up 8.7% over the same period last year; Personal income tax reached 27.1% of estimate, up 6.7%; Charges and fees reached 24.6% of the estimate, up 11.3%; Revenues from non-state sector reached 25.7% of estimate, reaching the highest rate of direct revenues from production and business, up 14.9% over the same period in 2017.

Revenue from crude oil was VND 13.2 trillion, equal to 36.9% of the estimate, up 13.9% over the same period in 2017. Crude oil price in the world market from late December 2017 to now has remained at positive level; the Vietnamese oil price has been accumulated from the beginning of the year at an average of about US$ 67.2 / barrel, up US$ 17.2 / barrel over the estimated price; the output in the first quarter was estimated at 3.18 million tons, equal to 28.1% of the estimate, up 9.4% over the same period last year.

Revenue from export-import activities reached VND 67.58 trillion, equivalent to 23.9% of the estimate, down 2.8% over the same period in 2017. In the first quarter of 2018, the country’s total import-export turnover was estimated at US$ 107.32 billion, up 17.7% over the same period last year. Vietnam's trade balance in March 2015 was estimated at a surplus of US$ 800 million. Thus, raising Vietnam’s trade surplus in first three months of 2018 to US$ 1.3 billion.

Total state budget expenditure in March was estimated at VND 109.36 trillion, bringing the total expenditure in the first quarter to VND 287 trillion, equivalent to 18.8% of the estimate, a year-on-year increase of 0.7%.

Of which: expenditure for development investment was VND 32.3 trillion, equal to 8.1% of the estimate, equal to 73.2% over the same period last year; expenditure for debt interest repayment was VND 31.4 trillion, equal to 27.9% of the estimate, up 7.8%; recurrent expenditure was VND 222.55 trillion, equal to 23.7% of the estimate, up 5.3%.

In general, the tasks of state budget expenditure in the first quarter were in accordance with the estimate and complied with tasks of defence and security and social welfare policies.

State budget revenue in January up 5.2% on year Total revenue of the State budget in January was estimated at 114.2 trillion VND (5 billion USD), ...

The balance between central budget and local budgets at all levels was ensured. By 28th March 2018, VND 40,408 trillion of Government bonds have been issued, ensuring sources to implement the tasks of state budget expenditures and original loan repayment of the central budget under the estimate. Capital mobilization of Government bonds in the first quarter of 2018 reached 71.5% compared to the same period in 2017 due to slower disbursement of investment capital than the same period last year.