Government revenue for the period 2021-2025 consistently exceeded projections:

This result makes a significant contribution to ensuring a balanced budget, creating a solid source of resources for development investment, and achieving sustainable growth targets.

Taxpayers conducting transactions at Tax Office 4 in Hanoi . *Photo: Do Tam*

Revenue in the 2021-2025 period is 1.8 times higher than in the 2016-2020 period.

Revenue collection is one of the key tasks, playing a crucial role in ensuring a balance of resources for investment, development, and economic growth. During the 2021-2025 period, Hanoi's revenue collection consistently exceeded projections, estimated at approximately 2.2 trillion VND, 1.8 times higher than the 2016-2020 period, accounting for about 25% of the total national revenue.

Notably, according to Hanoi City Statistics, in the first nine months of 2025 alone, total state budget revenue in the city is estimated at 499.9 trillion VND, equivalent to 97.3% of the annual forecast and a 32.5% increase compared to the same period in 2024, demonstrating strong and sustainable growth in the capital's budget revenue.

According to information from the Hanoi City Tax Department – the leading unit in budget collection – during the period 2021-2024, the Hanoi Tax Department collected budget revenue at an average growth rate of 16% per year. Notably, in 2024, the Tax Department collected 482 trillion VND, marking a significant turning point and contributing to the city's total state budget revenue exceeding 500 trillion VND for the first time.

According to Vu Manh Cuong, Deputy Director of the Tax Department and Head of Hanoi City Tax, "The revenue structure has shifted positively towards sustainability. The proportion of revenue from manufacturing, business, trade, and service sectors has gradually increased over the years, reducing the dependence of state budget revenue on revenue from natural resources and land."

In terms of revenue structure within the production and business sector, the period 2021-2024 shows a clear shift among the three economic sectors – state-owned, private, and foreign-invested – compared to the period 2017-2020.

In particular, the private sector has made a strong breakthrough, with an average growth rate of over 17% per year, thereby rising to play a core role in contributing to the state budget. The contribution of this sector increased from 38% in the 2017-2020 period to 45% of total revenue from the production and business sector in the 2021-2024 period. The state-owned sector has an average growth rate of approximately 9% per year, causing its contribution to decrease from 43% to 38% of total revenue from the production and business sector, shifting from a leading position to the second position. The foreign-invested sector achieved an average growth rate of 12% per year, contributing approximately 17% of total revenue from production and business, a slight decrease compared to 19% in the 2017-2020 period.

It is evident that exceeding the budget revenue target has significantly contributed to ensuring a balance between revenue and expenditure and strengthening the city's investment resources for development. Total social investment implemented during the 2021-2025 period is estimated at 2.48 trillion VND, 1.5 times higher than the previous term.

Results from implementing solutions in a coordinated manner.

Economist Nguyen Minh Phong assessed that Hanoi's budget revenue in the 2021-2025 period experienced remarkable growth thanks to the decisive and coordinated direction of the City Party Committee, the City People's Council, and the City People's Committee, along with the efforts of revenue collection agencies and the positive contributions from the business community. In addition, the city has accelerated administrative procedure reforms associated with digital transformation, strengthened the management of e-commerce, digital-based and cross-border business activities; and implemented the synchronized electronic tax declaration, payment, and settlement, electronic invoices, and the eTax Mobile application. These solutions both facilitate taxpayers in fulfilling their obligations and enhance transparency, openness, and efficiency in tax management.

Regarding the deployment of the eTax Mobile application, during the recent "45-day campaign to support digital transformation activities in communes and wards during the initial phase of operating the two-tiered local government model," Hanoi tax officials demonstrated a high sense of responsibility, readily working from 5 PM to 9 PM daily, including Saturdays and Sundays, to directly guide and install the eTax Mobile application for each citizen.

In addition, implementing the "90-Day Campaign to Enrich and Clean Up Land Databases" (ending November 30, 2025), Hanoi Tax officials continue to actively participate by reviewing and checking land data, while guiding people to declare and pay taxes online, ensuring that all citizens can fully and conveniently fulfill their tax obligations.

The Hanoi Tax Department proactively implemented numerous solutions to support and alleviate difficulties for businesses and household businesses in order to restore production, maintain employment, and nurture sustainable revenue sources. Particularly during the period when the Covid-19 pandemic was complex and severely impacted the operations of businesses and household businesses, the Hanoi Tax Department (now the Hanoi City Tax Department) promptly implemented a series of practical support measures.

Immediately after the issuance of Government Decree No. 52/2021/ND-CP on extending the deadline for paying value-added tax, corporate income tax, personal income tax, and land rent in 2021, the unit proactively disseminated information and guided taxpayers through videos , articles, social media, email, and other online channels to quickly receive and process extension requests.

By the end of August 2021 alone, the tax authorities had granted extensions to 29,744 taxpayers, with the total amount of extended taxes and land rent reaching VND 21,335.3 billion. Simultaneously, the Hanoi City Tax Department continued to implement flexible and adaptable solutions to both urge the recovery of outstanding debts and alleviate difficulties for businesses, contributing to stabilizing revenue sources and promoting economic recovery after the pandemic.

Mr. Bui Ngoc Than, Director of Phuc Thai Industrial Machinery and Equipment Joint Stock Company, shared: “Digital transformation in the tax sector has made significant progress. Implementing online administrative procedures helps businesses save time and costs, while also making it more convenient to fulfill their obligations to the state budget. In addition, policies supporting businesses and people in overcoming difficulties caused by the pandemic have also had a positive impact, strengthening businesses' confidence in the business environment of the capital city.”

In particular, in 2024, the General Department of Taxation (now the Tax Department) collaborated with the Hanoi People's Committee to launch a Virtual Assistant to support taxpayers, piloting it at the Hanoi Tax Department. This is one of the first application subsystems under the overall project of applying artificial intelligence (AI) in tax management. Thanks to this application, citizens and businesses can interact with the Virtual Assistant 24/7 directly on the Tax Department's electronic portal, the eTax Mobile application, and the iHanoi application, thereby saving time and enhancing transparency and service efficiency.

Notably, the Hanoi Tax Department has improved tax management for household and individual businesses through a centralized data system, aiming to fully cover all entities and gradually increase the proportion of this sector's contribution to the state budget, in line with its scale and actual development level. Especially from 2026, household businesses will transition from a lump-sum tax payment system to a self-calculation, self-declaration, and self-payment system using electronic methods, marking a significant step in modernizing tax management.

In addition, the Hanoi City Tax Department is also strengthening tax management for e-commerce activities, collecting information from organizations in the digital ecosystem (shipping companies, commercial banks, payment intermediaries, etc.) to build a common database for the tax sector, thereby enhancing supervision, inspection, and enforcement of tax payments from individuals doing business online.

Recently, the Hanoi City Tax Department organized a conference to sign a cooperation agreement and implement several key tasks in tax management between the tax authorities and the People's Committees of communes and wards in Hanoi. This is an important activity to concretize the directives of the Hanoi City People's Committee on improving the effectiveness and efficiency of state management in the tax field, while promoting the role and responsibility of local authorities in collecting state budget revenue, in line with the two-tiered local government model.

The regulations on coordination between tax authorities and the People's Committees of communes and wards were signed to enhance information exchange and sharing; to coordinate in managing household and individual businesses, collecting tax debts, managing financial obligations related to land; as well as preventing and combating tax evasion and fraud. This is not just an administrative document but also a commitment to responsibility, partnership, and common goals between the two sides, contributing to building a modern, transparent, and efficient tax management system.

These results and solutions not only affirm the efforts to innovate and modernize revenue collection but also open up prospects for positive and sustainable growth for the capital's economy in the coming period.

Source: https://hanoimoi.vn/thu-ngan-sach-giai-doan-2021-2025-luon-vuot-du-toan-dau-an-noi-bat-trong-phat-trien-kinh-te-thu-do-719791.html