Business

HCM City’s budget collection exceeds target by 22%

Ho Chi Minh City’s total budget collection topped 471.5 trillion VND (nearly 20 billion USD) as of December 28, or equivalent to 121.99% of the estimate and up 23.6% year on year, reported Director of the municipal Department of Finance Le Duy Minh at a conference on the same day.
HCM City’s budget collection exceeds target by 22% ảnh 1In Ho Chi Minh City (Photo: VNA)

HCM City (VNA) – HoChi Minh City’s total budget collection topped 471.5 trillion VND (nearly 20 billionUSD) as of December 28, or equivalent to 121.99% of the estimate and up 23.6% year on year, reported Directorof the municipal Department of Finance Le Duy Minh at a conference on the sameday.

Notably, revenue from export-import reached over141.4 trillion VND, equivalent to 121.4% of the estimate.

The city's total expenditure surpassed 72.39 trillion VND, equivalent to 72.6% of theestimate. Of which, over 29.47 trillion VND was for development and more than40.21 trillion VND for regular spending, equivalent to 82.6% of the estimate, he said.

Speakingat the event, Chairman of the municipal People’s Committee Phan Van Mai attributedsuch results to the city's good control of COVID-19 since early this year which created favourable conditions forenterprises to do business, increase in export turnover and deposits in bankswhich showed health and resilience of its economy.

For tasks next year, he requested improving the quality of public servicesand speeding up administrative reforms to create a pro-business environment.

HCM City’s budget collection exceeds target by 22% ảnh 2Illustrative image (Photo: VNA)

He also reminded authorities to accelerate the disbursement of over 72 trillionVND in public investment, and pooling all possible resources for the city’s development.

On the occasion, themunicipal People’s Committee presented certificates of merit to 66 districts,agencies and businesses in honour of their contributions to the local budgetrevenues, including 29 enterprises that paid over 1 trillion VND in taxes./.

VNA
#total budget collection #Vietnamplus #Vietnam News Agency #municipal Department of Finance #export turnover Ho Chi Minh City
Follow VietnamPlus

Related News

State budget collection reaches 85.6% of yearly target

State budget collection reaches 85.6% of yearly target

The total State budget collection in the first eight months of this year has been estimated at 1.2 quadrillion VND (51.3 billion USD), equivalent to 85.6% of the annual target, according to the Ministry of Finance.
State budget collection almost reaches yearly target

State budget collection almost reaches yearly target

State budget collection in the January-September period was estimated at over 1.32 quadrillion VND (55.9 billion USD ), reaching 94% of the yearly target, and up 22% from the same period last year, according to Deputy Finance Minister Nguyen Duc Chi.
Budget collection from import-export up 14.6%

Budget collection from import-export up 14.6%

Budget collection from import-export activities topped 362.4 trillion VND (14.57 billion USD) in the first 10 months of this year, equivalent to 86.3% of the set target and up 14.6% year-on-year, according to the General Department of Customs.
Budget collection up 16.2% in 10 months

Budget collection up 16.2% in 10 months

Vietnam’s budget collection in the first 10 months of this year stood at 1.46 quadrillion VND (58.7 billion USD), surpassing the estimate by 3.7%, and up 16.2% year-on-year, the Ministry of Finance reported.

See more

Private technology enterprises are increasingly viewed as a driving force at the heart of the innovation ecosystem. (Photo: VNA)

Vietnam pushes to develop world-class technology startups

Vietnam’s startup ecosystem now comprises roughly 4,000 startups, 208 investment funds, 84 incubators and more than 20 startup support centres. With an estimated valuation of 75 billion USD, the ecosystem has established most of the key foundations needed for long-term growth.

Officials of the Vietnamese Ministry of Finance and the Japan International Cooperation Agency (JICA) at the meeting in Hanoi (Photo: Ministry of Finance)

Finance Ministry, JICA to hasten major joint projects

JICA President Tanaka Akihiko said he is pleased to return to Vietnam and see landmark projects of bilateral ties now operational and delivering clear benefits to the public, including Nhat Tan Bridge and Ho Chi Minh City’s metro line No. 1.

Customers conduct transactions at an Agribank office in Hung Yen province. (Photo: VNA)

Outstanding green credit reaches 828 trillion VND

To date, loans subject to environmental and social risk assessments have exceeded 5.1 quadrillion VND (some 193.6 billion USD), representing an almost 25-fold increase compared with the end of 2017 and accounting for 27.7% of total outstanding credit in the economy.

Metfone Express's fleet at the launch ceremony. (Photo: VNA)

Vietnamese firm expands into logistics sector in Cambodia

Cambodian Minister of Post and Telecommunications Chea Vandeth praised Metfone’s contributions to socio-economic development, job creation, technology transfer and bilateral connectivity. He described the launch of Metfone Express as evidence of the long-term commitment and innovative spirit of Viettel.

Vietnamese products at the fair (Photo: VNA)

Vietnamese food products gain prominence at RoK's leading food fair

Vietnamese exhibitors are showcasing a wide range of products, including processed foods, tropical fruit products, functional foods, spices and beverages. Major exporters such as Vinamilk, WestFood, TSFood, Nafoods Group, Bich Chi Food and DH Foods are among the participants.

At the Vietnam–Canada Business Forum 2026 (Photo: VNA)

Green transition creates fresh opportunities for Vietnam–Canada partnership

Rahul Malhotra, owner of RM Venturex, said the forum provided businesses with valuable insights into opportunities for deeper Vietnam–Canada cooperation. He noted that support from diplomatic channels and the engagement of both public and private sectors are helping create favourable conditions for stronger economic ties among Canada, Vietnam and ASEAN.

At the working session between Can Tho leaders and representatives of Singaporean businesses. (Photo: VNA)

Can Tho invites Singaporean firms to invest in industry, energy, logistics

Singapore is currently the Mekong Delta city’s largest source of foreign direct investment (FDI), with 12 active projects totalling nearly 320 million USD in registered capital. A flagship project is the Vietnam-Singapore Industrial Park (VSIP) Can Tho, launched in 2022 with an investment of over 3.7 trillion VND (140 million USD) and covering nearly 294 hectares.

Workers process tra fish for exports. (Photo: VNA)

Sustainable transformation needed for Vietnam’s strategic pangasius sector

With continued policy support, technological innovation and close coordination among authorities, businesses and farmers, Vietnam’s pangasius industry is expected to make a strong and sustainable breakthrough during the 2026–2030 period, reinforcing its position as the world’s leading exporter of the fish.

Deputy Prime Minister Nguyen Van Thang speaks at the event. (Photo: baochinhphu.vn)

Deputy PM calls for integrated ASEAN fintech ecosystem

Deputy PM Nguyen Van Thang proposed a shared vision for an ASEAN fintech ecosystem that is open, secure, transparent, inclusive, and sustainable: “Open” to foster connectivity, “Secure” to enable growth, “Transparent” to build trust, “Inclusive” to ensure that no one is left behind, and “Sustainable” to strengthen resilience and support long-term progress.