Vietnam’s 2025 state budget overspending set to be equivalent to 3.8 pct of GDP

HANOI, Nov. 13 (Xinhua) — Vietnam’s National Assembly (NA) on Wednesday adopted a resolution on the 2025 state budget estimate which sets budget overspending at 471.5 trillion Vietnamese dong (18.5 billion U.S. dollars), equivalent to 3.8 percent of the country’s gross domestic product (GDP).
NA deputies suggested that the pace of public investment disbursement must be accelerated, especially for key national projects as well as important local projects, Vietnam News Agency reported.
Lawmakers recommended to re-allocate funds from projects with slow implementation to those that are potential for implementation and disbursement.
Vietnam posted a budget collection of over 1.65 quadrillion dong (65 billion dollars) from January to October, up 17.3 percent year-on-year and equivalent to 97.2 percent of the whole year’s estimate, according to the General Statistics Office. ■