According to Ho Chi Minh City Statistics, total state budget revenue in the city during the first four months of 2026 is estimated at VND 328,113 billion, achieving 40.6% of the annual target and increasing by 18.8% compared to the same period last year. In the revenue structure, domestic revenue continues to play a leading role, with estimated revenue reaching VND 251,948 billion, accounting for 76.8% of total budget revenue, achieving 42.6% of the target and increasing by 23.1% compared to the same period.
Notably, many revenue streams recorded high growth rates. Revenue from the state-owned enterprise sector is estimated at VND 22,399 billion, an increase of 41.7%; revenue from the non-state sector reached VND 84,882 billion, an increase of 33.8%; and revenue from the foreign direct investment (FDI) sector reached VND 61,776 billion, an increase of 21.8%.
In addition, many tax categories also recorded positive results; in particular, personal income tax reached VND 38,892 billion, an increase of 4.3%, while revenue related to housing and land reached VND 16,410 billion, a sharp increase of 78.3% compared to the same period. This data shows signs of recovery in the real estate market and the effectiveness of resolving land-related issues in the area in recent times.
Conversely, revenue from crude oil is estimated at VND 15,140 billion, a decrease of 9.6% compared to the same period last year and only 38.3% of the annual forecast. Revenue from import and export activities reached approximately VND 61,015 billion, an increase of 11.1% and 34.6% of the forecast.
Ho Chi Minh City's positive budget revenue results are closely linked to the city's strong economic performance in the first few months of the year. Many key economic indicators maintained significant growth, such as the industrial production index (IIP) increasing by 11.2%, and total retail sales of goods and consumer service revenue increasing by 13.2%. Notably, registered FDI capital into the city surged by 227% compared to the same period last year.
Simultaneously, business activity continued to flourish. From January 1st to April 20th, 2026, Ho Chi Minh City granted licenses for the establishment of 19,818 new businesses with a total registered capital of VND 122,201 billion, representing increases of 35.3% in the number of businesses and 27.6% in registered capital compared to the same period last year.
In 2026, Ho Chi Minh City was assigned a state budget revenue target of over 804,775 billion VND by the central government, a 5% increase compared to the 2025 figures. However, to lay the foundation for double-digit economic growth and in line with the government 's direction, Ho Chi Minh City aims to increase budget revenue by approximately 20% and target over 1 trillion VND this year.
At a meeting with General Secretary and President To Lam on April 27, Ho Chi Minh City Party Secretary Tran Luu Quang affirmed his determination to achieve double-digit growth; and at the same time, to bring the scale of budget revenue beyond 1 trillion VND.
According to city leaders, to realize this goal, Ho Chi Minh City will not only rely on revenue from land but will also focus on expanding sustainable growth drivers from manufacturing, business, services, import and export, and the digital economy.
The city's finance sector is currently implementing a comprehensive set of solutions to strengthen revenue management, combat revenue loss, and reform administrative procedures.
The Ho Chi Minh City Department of Finance has identified public investment as a crucial "lever" to boost growth and create sustainable revenue sources. The city will prioritize strategic infrastructure projects such as the metro, ring roads, and regional connecting transportation routes; while also promoting investment in digital transformation and modern urban governance systems.
Accelerating the disbursement of public investment capital, especially for highly feasible ODA and PPP projects, is also expected to contribute to expanding the growth base and increasing budget revenue in the coming period. Recently, the Ho Chi Minh City Tax Department also held a dialogue with several real estate businesses to resolve difficulties related to financial obligations concerning land.
The Ho Chi Minh City Tax Department stated that it will coordinate with relevant departments and agencies to review each specific case; and at the same time, propose to the Ho Chi Minh City People's Committee to remove obstacles in order to create favorable conditions for businesses to develop production and business, thereby contributing more to the State budget.
Source: https://baotintuc.vn/tai-chinh-ngan-hang/thu-ngan-sach-tp-ho-chi-minh-dat-40-du-toan-nam-20260507171233556.htm
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