Ho Chi Minh City approves 5-year financial plan for 2026-2030 period

On the morning of December 9, at the 6th Session (regular session at the end of 2025), the 10th People's Council of Ho Chi Minh City passed a Resolution on the City's 5-year financial plan for the 2026-2030 period.

Specifically, Ho Chi Minh City has identified the general goal of the next 5-year financial plan as ensuring a positive balance of the local budget; tightening financial and state budget discipline, enhancing publicity, transparency and accountability of agencies and units at all levels regarding state budget revenue and expenditure.

The city implements financial and budgetary targets in the Resolution of the 1st City Party Congress, term 2025-2030.

Some of the main goals include: Mobilizing all resources, effectively exploiting potentials, advantages, strategic positions and effective development of science, technology, innovation, and digital transformation to promote rapid and sustainable socio -economic development.

The city becomes a civilized, modern urban area, a center of innovation, dynamism, integration, leading in the cause of industrialization and modernization of the country, with a prominent position in the Southeast Asia region.

The city is in the top 100 global cities, livable and has the world 's most innovative ecosystem, in the high-income group...

The City People's Council Resolution sets out a number of specific goals for the 2026 - 2030 period, such as: Striving to collect over VND 5.1 million billion in state budget revenue; and over VND 2.16 million billion in local budget revenue.

The city strives to spend over VND2,200 trillion in local budget expenditure; of which, development investment expenditure is about VND1,320 trillion, accounting for 60% of total local budget expenditure; regular expenditure is over VND685,357 billion, accounting for 31% of total local budget expenditure...

The People's Council Resolution has given major directions for implementing the financial plan for the 2026-2030 period, emphasizing the drastic reduction of regular expenditures and unnecessary and urgent expenditures such as meetings, receptions, and overseas business trips.

The city prioritizes allocating the state budget to implement major policies and guidelines of the Party and State in the 2026-2030 period, focusing on growth and development investment, ensuring focus and key points, not spreading out or fragmenting.

Localities must be open, transparent, effective, and fight against negativity and corruption in assigning state budget revenue and expenditure targets; strengthen the assignment, decentralization, and delegation of authority according to the provisions of law, individualize responsibilities associated with inspection, supervision, and reasonable allocation of resources, especially valuing and promoting the position and role of the leader.

In the group of tasks and solutions for implementation, the Resolution of the City People's Council emphasized the requirement to regularly review and reform administrative procedures, improve the investment and business environment, enhance competitiveness, support and develop enterprises, and create favorable conditions for enterprises in all wards, communes, and special zones to establish new ones and expand production and business.

The locality promptly resolved difficulties and obstacles to promote bidding to select investors to implement projects; increase the occupancy rate of industrial parks, thereby creating jobs for workers and improving production and business activities in the area.

Ho Chi Minh City focuses on removing and thoroughly handling projects, constructions, and land with difficulties and problems that have been backlogged for many years; reviewing and recalculating land rental prices of projects with adjusted planning; land rental projects whose land rental price stabilization period has expired; projects that have had land rental and land allocation decisions but have not yet determined land prices; projects that use land and water surfaces to ensure full collection of land rental fees according to law, avoiding loss of state budget revenue.

The locality effectively implemented the project to mobilize resources, linking mechanisms to mobilize investment capital through forms of public-private partnership, private investment, foreign direct investment; promoted the driving and leading role of public investment, focusing on key programs and projects.../.

(TTXVN/Vietnam+)

Source: https://www.vietnamplus.vn/thanh-pho-ho-chi-minh-thong-qua-ke-hoach-tai-chinh-5-nam-giai-doan-2026-2030-post1081913.vnp