Business

HCM City takes lead in budget revenue

Local authorities said the 2025 revenue performance provides a critical springboard for the city to enter its next development phase with higher expectations, as it seeks to meet ambitious fiscal targets in 2026 and beyond.

A resident conducts transactions at the Ho Chi Minh City tax department (Photo: VNA)
A resident conducts transactions at the Ho Chi Minh City tax department (Photo: VNA)


HCM City (VNA) - Cumulative state budget revenue in Ho Chi Minh City reached 800.04 trillion (30.42 billion USD) as of December 31, up 19.1% from the government’s target and 14.7% above that set by the municipal People’s Council.

The record haul kept the city ranked first nationwide in budget revenue collection in 2025.

Domestic collections were the biggest surprise, totaling 574.24 trillion VND, far ahead of planned levels.

Meanwhile, revenue from crude oil totaled 45.26 trillion VND, while import-export revenue stood at 179.74 trillion VND.

In addition, HCM City recorded 806 billion VND in revenue from aid and locally mobilised contributions.

Local authorities said the 2025 revenue performance provides a critical springboard for the city to enter its next development phase with higher expectations, as it seeks to meet ambitious fiscal targets in 2026 and beyond, commensurate with its role as the nation’s economic engine./.

VNA
#Ho Chi Minh City #state budget revenue #domestic collections Ho Chi Minh City
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