HANOI CITY MEETS 45% OF FULL-YEAR REVENUE TARGET AFTER FIRST FOUR MONTHS

Stacks of Vietnamese banknotes are seen at a local bank - PHOTO: LE VU

HCMC – Hanoi City’s state budget revenue reached an estimated VND293.4 trillion in the first four months of 2026, equivalent to 45.1% of its full-year target, city statistics data showed.

Domestic revenue remained the main contributor, totaling VND279 trillion, or 45.7% of the estimate, according to the Hanoi Statistics Office.

Revenue from import-export activities was estimated at VND13.1 trillion, meeting 35.9% of the target and rising 21.2% from a year earlier. Crude oil revenue reached VND1.1 trillion, or 32.6% of the estimate, up 3.3%.

Collections from the non-state sector totaled VND78.3 trillion, achieving 54.9% of the target and increasing 32%. Revenue from foreign-invested enterprises rose 20.3% to VND17 trillion. Personal income tax revenue reached VND26.9 trillion, up 14.4%.

Fees and charges grew 32%, while registration fees increased 10.6%.

In contrast, revenue from state-owned enterprises fell 5.4% year-on-year to VND32.9 trillion.

Local budget spending in the January–April period was estimated at VND58.9 trillion, 22.2% of the full-year plan and rising 71.8% from a year earlier.

Development investment spending totaled VND32.2 trillion, or 20.6% of the plan, nearly 2.74 times higher than the same period last year. Recurrent spending reached VND26.6 trillion, fulfilling 33.1% of the estimate and increasing 18.3%.

Source: The Saigon Times