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Bac Ninh's first-half state budget revenue reaches 75% of annual target

Updated: 11:14, 29/06/2026

BAC NINH - Bac Ninh's state budget revenue reached 75% of its full-year target in the first six months of 2026, supported by a continued recovery in manufacturing and business activity, strengthening the province's prospects of meeting its economic growth objectives for the year.

Domestic budget revenue was estimated at nearly 44.3 trillion VND (1.67 billion USD), equivalent to 75% of the annual estimate and up 25.1% from the same period in 2025.

Yes Tech Vietnam Joint Stock Company, located in Tien Son Industrial Park, has achieved sustainable growth, helping boost state budget revenues.

Revenue from land-use fees remained a major contributor, reaching 10.885 trillion VND, or 83.7% of the annual target, up 8% year on year.

The increase reflected a recovery in the property market, aided by the government's business support measures, continued infrastructure development, urbanisation and stronger investment inflows into the province.

Revenue from domestic taxes and fees also maintained robust growth, rising to more than 34.41 trillion VND, equal to 72.5% of the annual target and 61.5% higher than a year earlier.

Several revenue sources posted strong year-on-year gains, including tax receipts from foreign-invested enterprises, up 47.7%, the non-state business sector, up 57.1%, locally owned state enterprises, up 46.3%, lottery revenue, up 54.1%, and vehicle registration fees, up 6.2%.

The strong budget performance underscored the sustained recovery and stable expansion of business activity across the province. Key industries, including electronics, semiconductors, manufacturing and processing, continued to drive economic growth.

Several major high-tech and electronics manufacturers maintained stable production and expanded orders during the period, making significant contributions to both Bac Ninh's economic growth and state budget revenue.

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