Bac Ninh budget revenue rises 40.5% in first four months
BAC NINH - Budget revenue in northern province of Bac Ninh rose 40.5% in the first four months of 2026 from a year earlier, driven by strong growth among major foreign-invested manufacturers, provincial statistics showed.
Domestic revenue in April totaled nearly 4.57 trillion VND (173.4 million USD), bringing total collections for January-April to 34.54 trillion VND, equivalent to 58.4% of the province’s full-year target, according to the provincial statistics office.
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The production line of 299 Hoang Duong Vina Co., Ltd. in Phuong Son Ward. |
Land-use fees remained a major source of income, generating more than 7.26 trillion VND during the period, or 58.6% of the annual plan. Revenue from taxes and fees reached nearly 26.91 trillion VND, up 30.1% year-on-year.
Collections from foreign-invested enterprises climbed 40.4% to around 15.51 trillion VND, while revenue from the non-state economic sector increased 41.9% to 6.48 trillion VND.
Revenue from land and water surface leasing nearly tripled from a year earlier to 141 billion VND, while other budget revenue rose 38.9% to 716 billion VND.
Provincial authorities attributed the growth mainly to production expansion by large manufacturers including Samsung Display Vietnam, Samsung Electronics Vietnam in Yen Phong Industrial Park, Luxshare-ICT in Quang Chau Industrial Park and Hana Micron Vina in Van Trung Industrial Park.
Industrial clusters, traditional craft villages and local businesses across the province also maintained stable operations, supporting tax and fee collections, officials said.
Local budget expenditure remained in line with plans, prioritizing development investment and essential sectors. Total local spending as of April 25 reached 9.76 trillion VND, equivalent to 17.1% of the annual estimate.
Of that amount, development investment spending totaled 4.08 trillion VND, while regular expenditure reached 5.67 trillion VND, according to provincial data.
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