HCMC BUDGET REVENUE TOPS VND328 TRILLION

A bird’s eye view of the downtown HCMC - PHOTO: LE VU

HCMC – HCMC reported strong budget revenue growth in the first four months of 2026, with collections exceeding VND328 trillion, equivalent to 40.6% of the annual target and up nearly 19% year-on-year.

The results reflected a positive recovery in business and production activities as well as investment inflows into the city.

Domestic revenue continued to play the leading role, with estimated collections reaching VND251.9 trillion, up 23.1% year-on-year and accounting for 76.8% of total balanced budget revenue, according to the HCMC Statistics Office.

Revenue from state-owned enterprises totaled roughly VND22.4 trillion, accounting for 6.8% of total revenue and rising 41.7%.

Revenue from the non-state sector was estimated at VND84.9 trillion, making up 25.9% of total revenue and increasing 33.8%. Meanwhile, revenue from the foreign-invested sector reached an estimated VND61.776 trillion, accounting for 18.8% and rising 21.8% from a year earlier.

Personal income tax revenue reached VND38.89 trillion, accounting for 11.9% of total revenue and up 4.3%, while revenue from housing and land related sources was recorded at VND16.4 trillion, making up 5% of total revenue and surging 78.3%.

Crude oil revenue was around VND15.1 trillion, fulfilling 38.3% of the annual target, accounting for 4.6% of total balanced revenue and declining 9.6% from a year earlier.

Revenue from import export activities was estimated at VND61 trillion, equivalent to 34.6% of the annual target, accounting for 18.6% of total balanced revenue and increasing 11.1% year-on-year.

Meanwhile, balanced local budget revenue in the first four months of 2026 totaled around VND93.03 trillion, reaching 31.8% of the annual target and down 2.4% from the same period last year.

Source: The Saigon Times