The mark of the Ca Mau tax sector.

One year after the province's merger, Ca Mau's revenue collection picture shows many positive highlights. Total domestic revenue for the province is estimated at 11,330 billion VND, reflecting not only the effectiveness of tax management but also contributing to creating a foundation and important resources for the locality to realize its double-digit growth target.

• Ca Mau Tax Department makes a breakthrough.
• The Ca Mau Tax Department is determined to successfully implement the 2026 budget plan.
• Tax policies need to be grounded in reality, ensure proper authority, and avoid excessive taxation.
• Adjusting tax policies: Flexibility is needed, but stability and transparency must be ensured.

There is ample room and potential for further development after the merger.

According to the tax authorities, after the merger, Ca Mau province's budget revenue ranks 6th out of 6 provinces in the Mekong Delta region. However, the revenue increase of over 11% shows the significant efforts of the tax authorities in managing revenue sources across a wider area, with ample room and potential for development.

Mr. Chau Vinh Thuan, Deputy Head of the Tax Department of Ca Mau province, commented: "Before the merger, each locality faced many risks that made it difficult to complete the budget revenue collection task if key economic sectors experienced fluctuations. The merger has created a more balanced and sustainable revenue structure thanks to the complementarity between the economic sectors of the two localities."

In particular, revenue from the Ca Mau gas-electricity-fertilizer complex continues to play a crucial role in the local budget. In addition, revenue from businesses investing in wind and solar power along the coast of Ca Mau and Bac Lieu maintains stable growth, creating a long-term source of revenue for the budget.

The tourism sector is also expected to yield positive results by combining the strengths of ecotourism in Ca Mau Cape with cultural and spiritual tourism in the former Bac Lieu province, forming a closed service value chain and expanding revenue from services, accommodation, and consumption.

Tourism is expected to become a sector that makes a positive contribution to the growth of Ca Mau province's budget revenue after the merger.

One of the clear benefits of the merger is the centralization and synchronization of tax management data, helping tax authorities better oversee revenue sources. A prime example is the management of revenue from Ca Mau Lottery Company Limited and Bac Lieu Lottery Company Limited. These two companies paid approximately 1,100 billion VND in corporate income tax and after-tax profits for the 2025 tax year.

“The results show the initial effectiveness of consolidating administrative areas, not only expanding the revenue base but also enhancing the resilience of the budget to fluctuations in individual economic sectors. However, the current revenue structure still has elements that are not truly sustainable, requiring further expansion of new revenue sources and improved tax management efficiency,” Mr. Chau Vinh Thuan assessed.

Determined to achieve the revenue collection target.

Besides the advantages, the tax sector is also facing numerous difficulties stemming from policy mechanisms and the global economic situation.

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Notably, the implementation of Government Decree No. 141/2026/ND-CP dated April 29, 2026, raising the taxable revenue threshold for household and individual businesses to VND 1 billion, is expected to reduce budget revenue by approximately VND 60 billion. Along with this, policies on exemptions and reductions in value-added tax and environmental protection tax continue to create short-term revenue shortfalls.

Furthermore, the complex developments stemming from the conflict in the Middle East are impacting energy prices, transportation costs, and consumer markets, indirectly affecting the production and business activities of enterprises in the area.

According to tax authorities' analysis, some of the recent revenue increases mainly stemmed from factors arising at specific times, such as corporate income tax payments for 2025 from the gas-electricity-fertilizer complex and seafood businesses. Meanwhile, revenue from land has not met expectations; the seafood, construction, and trade sectors still face many difficulties regarding capital and production costs.

Revenue from the Ca Mau gas-electricity-fertilizer complex continues to play a leading role, making a significant contribution to the province's budget revenue growth after the merger.

To create momentum for growth in the remaining months of 2026 as well as in the coming period, the tax sector has identified significant room for exploiting revenue sources.

In particular, infrastructure, real estate, and renewable energy projects are considered to be sectors with significant potential to contribute to the budget. The tax authorities are closely monitoring key projects such as the Ca Mau - Dat Mui expressway , Hon Khoai Port, and the Ca Mau Airport expansion project, in order to ensure that contractors fully fulfill their obligations to declare and pay value-added tax.

Another expected source of increased revenue comes from the implementation of Law No. 108/2025/QH15 on Tax Administration and its guiding documents, effective from July 1, 2026. Accordingly, the supplementary regulations on the allocation of value-added tax to localities where business locations and production facilities generate revenue are projected to help increase provincial budget revenue by more than 100 billion VND in the last five months of 2026.

Simultaneously, e-commerce and digital business activities continue to be areas that the tax authorities focus on managing in order to combat revenue loss.

To achieve and surpass the 2026 budget revenue target, creating momentum for growth in the following years, Mr. Chau Vinh Thuan expressed his determination: “The provincial tax department will continue to improve the efficiency of managing business households; strengthen propaganda and support taxpayers in fulfilling their obligations. We will work alongside businesses and people to overcome difficulties, contributing to the province's double-digit economic growth target.”

In addition, there will be increased application of information technology and big data analysis to promptly detect tax fraud. Focus will be placed on reviewing high-risk areas such as e-commerce, petroleum trading, gold and precious stones, real estate transfers, and businesses with suspected invoice-related risks.

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The petroleum business is one of the areas where tax authorities are strengthening management and supervision to combat revenue loss and ensure transparency in business operations.

In addition, the work of forecasting revenue sources, monitoring large revenue streams from the gas-electricity-fertilizer complex, lottery activities, and land; urging the recovery of tax debts and effectively implementing the new Tax Administration Law will be carried out synchronously, in order to ensure the achievement of the budget revenue targets set for 2026.

Hong Nhung

Source: https://baocamau.vn/dau-an-nganh-thue-ca-mau-a130059.html