According to a report released by GDT, the budgetary revenue collected by the tax sector reached VND663,843 billion (US$29 billion) in the first five months of 2023. This is 48.3% of the full-year target and 96.9% of the value a year earlier. Tax revenue from crude oil was estimated at VND25,603 billion in the reported period, equal to 61% of the plan and 87.9% of the value in the same period of 2022. Domestic revenue was estimated at VND638,240 billion, or 47.9% of the target and 97.3% of the value a year earlier.

Twelve out of 20 tax items were deemed quite good (completing over 48%). Particularly, the SOE sector fulfilled 52.9% of the plan; the private sector, 49.8%; personal income tax, 50.3%; dividend and interest income tax, 59.1%; and resource tax, 59.9%.
According to GDT, the good performance was attributed to corporate income tax (65.5% of the plan and up 23.5% year on year) and dividend and profit tax (59.1% of the plan and up 25.5% year on year). In addition, in the five-month period, two tax items unexpectedly surged: The difference between revenue and expenditure at the State Bank was over VND20,000 billion and other sources of revenue unexpectedly brought in over VND13,000 billion.