Ho Chi Minh City: Budget revenue in 10 months reached over 97%

Despite the difficult economic situation, in the first 10 months of 2025, Ho Chi Minh City's budget revenue reached a high level, and domestic revenue continued to be a bright spot.

View of the meeting. Photo: NL

On October 31, Ho Chi Minh City People's Committee held a regular meeting on socio-economic development in October and 10 months of 2025; key tasks and solutions for November 2025.

Reporting at the meeting, Deputy Director of the Ho Chi Minh City Department of Finance Hoang Vu Thanh said that the total state budget revenue in the past 10 months reached VND652,509 billion, reaching 97.2% of the central budget estimate, reaching 93.6% of the city People's Council's budget estimate and equal to 115.5% over the same period. In particular, domestic revenue continued to be a bright spot, with an estimated cumulative 10-month revenue of VND468,399 billion, reaching 98.5% of the estimate and equal to 122.5% over the same period, with 16/18 revenue items reaching and exceeding the schedule.

Total retail sales of goods and consumer service revenue in October is estimated at VND 172,272 billion, up 13% over the same period in 2024. Of which, retail sales of goods are estimated at VND 86,931 billion, up 12.2%; accommodation and catering services are estimated at VND 20,357 billion, continuing to maintain a high growth rate, up 25.7% over the same period... In the 10 months, total retail sales of goods and consumer service revenue are estimated at VND 1,574,515 billion, up 15% over the same period in 2024.

Deputy Director of Ho Chi Minh City Department of Finance Hoang Vu Thanh reports at the meeting. Photo: NL

Regarding export activities, in the first 10 months, the city's enterprises' export turnover through ports and border gates nationwide is estimated at 76.23 billion USD, up 4.8% over the same period in 2024. The accumulated import turnover in the first 10 months is estimated at 80.87 billion USD, up 5% over the same period in 2024.

However, according to relevant agencies, export activities are facing major challenges from the US applying a 20% reciprocal tax rate from August 7, 2025, increasing costs and reducing the price competitiveness of Vietnamese goods in this market.

In the industrial sector, the city's key industries all recorded good growth. The Industrial Production Index (IIP) in October is estimated to increase by 1.5% over the previous month and by 17.5% over the same period in 2024. In the first 10 months of 2025, the IIP is estimated to increase by 7.5% over the same period.

Regarding the implementation of public investment capital, the city has completed the assignment and detailed allocation according to the capital level assigned by the Prime Minister with the total deployed capital reaching more than 151,925 billion VND (including the central budget and local budget), reaching 128% of the capital level assigned by the Prime Minister (more than 118,948 billion VND).

As of October 24, the city's public investment disbursement was 62,741 billion VND, reaching 52.7% of the capital plan assigned by the Prime Minister.

Standing Vice Chairman of Ho Chi Minh City People's Committee Nguyen Van Tho delivered a concluding speech at the meeting. Photo: NL

Concluding the meeting, Permanent Vice Chairman of Ho Chi Minh City People's Committee Nguyen Van Tho said that the workload from now until the end of the year is very large, so all levels and sectors need to make more efforts and determination.

Mr. Nguyen Van Tho said that the city continues to implement the plan to rearrange and reorganize administrative units at all levels and build a two-level local government organization model. The city prioritizes promoting solutions to promote growth, firmly pursuing the GRDP growth target of 8.5% or more in 2025.

At the same time, the city focuses on removing difficulties for projects, speeding up the progress of key projects; accelerating the disbursement of public investment capital, developing infrastructure, taking public investment as the leader, activating and attracting the effective use of social resources.

The Standing Vice Chairman of the Ho Chi Minh City People's Committee also requested all levels, sectors, localities and units to continue focusing on stronger and more substantial administrative reforms, removing difficulties for production and business activities, and improving the competitiveness of the economy.

Source: https://hanoimoi.vn/tp-ho-chi-minh-thu-ngan-sach-10-thang-dat-hon-97-721667.html