Budget collection has become a bright spot of Ho Chi Minh City’s economy in 2021 when it surpasses the year’s target despite severe impacts of the COVID-19 resurgence.
HCM City (VNA) -Budget collection has become a bright spot of Ho Chi Minh City’s economy in2021 when it surpasses the year’s target despite severe impacts of the COVID-19resurgence.
The southern economic hub recorded an estimated 370.483 trillion VND (16 billion USD) in budget revenue this year, equivalentto 101.3 percent of the target, according to a resolution issued by themunicipal People’s Council on December 9.
Basing on that result, HCMCity targets next year’s budget revenue at 386.568 trillion VND, up 5.9 percentfrom the 2021 target and 4.3 percent from the figure obtained this year.
Vice Chairman of themunicipal People’s Committee Le Hoa Binh said the fourth wave of COVID-19, witha prolonged social distancing period, has seriously affected everysocio-economic aspect, particularly businesses’ operations and people’s life.
To assist enterprises, localauthorities have reduced taxes and extended tax payment deadlines. As a result,the budget collection has gradually decreased since May. Notably, the revenuedropped strongly year on year in August and September.
Facing that fact, relevantagencies have worked to support businesses and people. Besides, the positivebusiness results of real estate and financial - banking firms in the year’sfirst half and effect of the tax payment deadline extension have helped boostthe budget collection in 2021, Binh noted./.
Ho Chi Minh City’s State budget collection is estimated to hit 174.6 trillion VND (7.57 billion USD) during January-May, equivalent to 49 percent of the yearly estimates and up 22.8 percent year-on-year.
The National Assembly Standing Committee considered the principles, criteria and norms for the allocation of regular State expenditure estimates for 2022 during its second session in Hanoi on August 17.
The National Assembly (NA) Chairman Vuong Dinh Hue has signed a resolution of the NA Standing Committee stipulating principles, criteria, and norms for the allocation of regular State expenditure estimates for 2022.
State budget collection from import-export activities reached 285.62 trillion VND (12.53 billion USD) in the first nine months of this year, equivalent to 90.6 percent of the estimate and a year-on-year rise of 25.83 percent.
Total state budget collection in the first ten months of 2021 fulfilled about 90.9 percent of the estimate and was up 5.5 percent year-on-year, showed data released by the Ministry of Finance’s Department of State Budget.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
An intersection in HCM City (Photo: VNA) 
