HCMC BUDGET REVENUE EXPECTED TO SURPASS VND748 TRILLION IN 2025

An aerial view of downtown HCMC along the Saigon River - PHOTO: LE VU

HCMC – Budget revenue of HCMC is forecast to amount to VND748.44 trillion this year, driven by rising contributions from domestic enterprises and those in the non-state economic sector.

According to a report recently sent by the municipal government to the HCMC People’s Council, the figure would reach 111.4% of the target assigned by the central Government and 107.3% of the target approved by the HCMC People’s Council.

Revenue from state-owned enterprises, domestic private businesses, and foreign-invested companies rose, reflecting stable production and business activities. Revenue from crude oil dipped slightly but had limited impact as growth in other revenue streams helped offset the fall.

On the spending side, the city’s total budget spending is estimated at over VND258.55 trillion in 2025, equivalent to 132.2% of the central target and 89.6% of the target set by the HCMC People’s Council, up 147.4% year-on-year. Compared to the council’s approved level, spending is projected to fall by about VND30.1 trillion.

The city has proposed the HCMC People’s Council approve a 2026 budget revenue target of more than VND804.78 trillion, along with its financial and budget plan for 2026-2028.

In 2024, HCMC’s state budget revenue exceeded VND500 trillion for the first time. Since July 1, following its merger with Binh Duong and Ba Ria–Vung Tau provinces, the city’s population has grown to over 14 million, with a combined area of more than 6,772 square kilometers.

Source: The Saigon Times