Ho Chi Minh City's budget revenue is 115.5% of the same period, more than 12.5 million square meters of new housing floor space were built.

ngân sách - Ảnh 1. — The coastal area of Can Gio, Ho Chi Minh City is where a large urban area is expected to be built on the sea - Photo: TRUC PHUONG

With just one project, the budget has collected more than 27,000 billion VND.

The report of the Ho Chi Minh City Department of Finance at the socio -economic meeting of the first 10 months of the year showed that the total budget revenue of Ho Chi Minh City in the past 10 months reached 652,509 billion VND. Of which, domestic revenue continued to be a bright spot with the accumulated 10-month estimate reaching 468,399 billion VND, reaching 98.5% of the estimate, equal to 122.5% compared to the same period.

This result was mainly due to the sudden increase in revenue from land use fees (reaching 96.4% of the estimate, equal to 366.7% compared to the same period) and land rent (reaching 140.9% of the estimate).

Especially the payment of Can Gio Urban Tourism Joint Stock Company for the sea encroachment urban area project (21,700 billion VND in land use fees and 5,655 billion VND in land rent fees).

Cumulative revenue from import-export activities in the first 10 months is estimated at VND145,312 billion (84.6% of the estimate), revenue from crude oil is estimated at only VND38,481 billion (78.5% of the estimate) and equal to 85.5% compared to the same period due to the decrease in world oil and gas prices.

Total local budget expenditure was 155,017 billion VND, reaching 53.1% of the estimate and equal to 163.9% over the same period.

Mr. Le Hoang Chau - Chairman of the Ho Chi Minh City Real Estate Association - said that removing the bottleneck of land valuation will not only help increase budget revenue, but also free up the supply of real estate products for the market, helping businesses develop projects.

Mr. Chau said that currently the city still has many projects that are stuck in the pricing stage. If these problems are resolved, the city's budget revenue from land will continue to increase, supporting economic growth and stabilizing the real estate market.

"If hundreds of projects that are still stuck in land valuation procedures are resolved, the city's land budget revenue can increase sharply, especially in the context of Ho Chi Minh City expanding its administrative boundaries," Mr. Chau analyzed.

ngân sách - Ảnh 2. — In 2025, Ho Chi Minh City plans to complete 9,896 social housing units, reaching 75.9% of the 2025 plan - Photo: TN

In 10 months, Ho Chi Minh City built more than 12.5 million square meters
residential floors

The report of the Ho Chi Minh City People's Committee shows that in October, the city built about 1.4 million square meters of new housing floor space. In the past 10 months, the city has built 12.569 million square meters of new housing floor space (reaching 94% of the target set for 2025 of 14.86 million square meters ^{of floor} space). The average housing area per capita to date has reached about 26.23 ^square meters per person.

The urban beautification program continues to be implemented, with a plan to relocate 6,500 houses on and along canals in the 2021-2025 period, expected to reach 85.35% of the set target by the end of the year.

In October, the city issued 2,496 construction permits (compared to the same period in 2024, an increase of 694 construction permits, an increase of 39%), with a total construction floor area of 572,135.89 ^m2 .

In 2025, Ho Chi Minh City plans to complete 9,896 social housing units, reaching 75.9% of the 2025 plan. During the 2021 - 2025 period, Ho Chi Minh City plans to complete 14,999 units, reaching 82.7%, expanding the supply of affordable housing for low-income people.

The city has now completed four social housing projects with a scale of 2,639 units. These include the Cat Lai Ward workers' accommodation project (672 units), the Tan Dong Hiep social housing project (882 units) and the Con Dao social housing project (phase 1) in the Con Dao special zone (132 units).

The remaining project is Vinh Loc B resettlement area with a scale of 953 units, which has been converted from resettlement housing to social housing for rent.

The city has 13 projects under construction, with a scale of 15,202 units. It is expected that by the end of 2025, 8 projects will be completed and put into use with a scale of 7,257 units. As of the end of October, 2 projects have been partially completed: An Sinh HUD Binh Duong social housing and K-Home Kim Oanh project.

Registered capital of enterprises increased sharply

The report of the Ho Chi Minh City People's Committee shows that the number of newly established enterprises in the past 10 months was 47,541 (down 6.4% compared to the same period in 2024) with newly registered capital of VND 871,332 billion (a sharp increase of 114.67% over the same period). The additional registered capital was VND 801,061 billion (up 132.4% over the same period) and the total additional registered capital was VND 1,672,393 billion, up 122.8% over the same period.

But it is noteworthy that up to 5,883 enterprises completed dissolution procedures (up 39.4% over the same period), of which 34,506 enterprises temporarily suspended operations (up 11.2% over the same period).

CONG TRIEU

Source: https://tuoitre.vn/thu-ngan-sach-tp-hcm-bang-115-5-cung-ky-xay-moi-hon-12-5-trieu-m-san-nha-o-20251102161635378.htm