Vietnam’s economy faced new challenges and risks in 2023. Economic growth was lower than anticipated, making it difficult for State budget revenue to meet estimates, while the pressure on budget expenditure increased. Many analysts believe 2023 marked a great step forward in the process of digital transformation in the tax and customs management fields, as part of efforts to move towards smart finance. Changes in tax and customs management and flexible fiscal policy management also saw annual budget revenue reach its target in the final month of the year after facing many challenges.