HCM City’s State budget collection up 2.9 percent in January
State budget collections in Ho Chi Minh City in January were estimated at 42.47 trillion VND (1.84 billion USD), 11.6 percent of the estimate and up 2.9 percent year-on-year, according to the municipal Statistics Office.
HCM City’s State budget collection up 2.9 percent in January - Illustrative image (Photo: VNA)
HCM City (VNA) - State budget collections in Ho Chi Minh City in January were estimated at42.47 trillion VND (1.84 billion USD), 11.6 percent of the estimate and up 2.9percent year-on-year, according to the municipal Statistics Office.
Domestic budget collections declined 3.5 percent year-on-year to 31.27trillion VND, accounting for 73.6 percent of the total. Revenue from crude oil totalled800 billion VND, down 55.5 percent.
Notably, revenue fromexports and imports surged 47.2 percent annually to 10.4 trillion VND. Theincrease is linked to good growth of the city’s import-export activities in theperiod, at 46.9 percent year on year.
State-owned enterprises contributed over 2.96 trillion VND to the State budget,making up 11 percent of domestic collections, up 4.3 percent year-on-year. Contributionsfrom private enterprises fell 8.5 percent to over 9.8 trillion VND, while thatfrom foreign-invested enterprises was over 9.4 trillion VND, down 3.1 percent.
Pham Thi Hong Ha, Director of the municipal Department of Finance, said that thefinance sector will focus on measures to manage and increase revenues, and speedup equitization and divestment of State-owned enterprises in line with theapproved plan.
Attention will be paid to removing difficulties facing enterprises andindividuals affected by the COVID-19 pandemic to help them recover their productionand business as soon as possible, towards increasing sustainable State budgetrevenue, she added.
According to Deputy Director of the municipal Tax Department Nguyen Nam Binh,the city’s tax sector set a target to collect at least 25 percent of the yearlybudget collection estimate right in the first quarter of 2021./.
The National Assembly passed the appointment of several new ministers and senior government officials, and approved the Resolution on State budget estimate for 2021 on November 12, the eighth working day of the second phase of its 10th session.
A finance ministry official on December 24 asked the customs sector to exert every effort to surpass the target of 315 trillion VND (13.6 billion USD) in State budget collection in 2021.
Total tax collection in 2020 is estimated at over 1.26 quadrillion VND (54.37 billion USD), equivalent to 100.6 percent of the estimate, Deputy Director of the General Department of Taxation Dang Ngoc Minh said on December 31.
More than 1.48 quadrillion VND (64.2 billion USD) was collected for the State budget in 2020, equivalent to 98 percent of the target, according to the Ministry of Finance.
State budget collection was estimated to top 134 trillion VND (nearly 5.83 billion USD) in January, equivalent to 81.2 percent of the figure in the same period last year, according to the General Department of Taxation.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
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.
HCM City’s State budget collection up 2.9 percent in January - Illustrative image (Photo: VNA) 
