HCMC – The Finance Department of HCMC has reported a 3.76% rise in budget revenue in the first four months of this year against the same period last year despite domestic and global headwinds.
Le Thi Huynh Mai, director of the city’s Finance Department, said at a socio-economic performance review meeting today, May 8, that the city collected VND202,193 billion in budget revenue between January and April, achieving 38.9% of its full-year target and growing 3.76% year-on-year.
Domestic revenue amounted to VND160,900 billion, fulfilling 41.35% of the 2025 plan and growing by 2.84% year-on-year. Revenue from import-export activities totaled VND41,214 billion, meeting 31.7% of the year’s target and rising by 7.53% over to the same period in 2024.
In 2024, the city’s total budget revenue exceeded VND508,500 billion, beating its annual target by 5.3% and crossing the VND500,000-billion mark for the first time.
This year’s January-April revenue already accounts for nearly 40% of last year’s total. The city contributes 79% of its local revenue to the central State budget, accounting for approximately 27% of the nation’s annual budget revenue.
Mai attributed the revenue growth to the city’s robust economic performance so far this year. Key economic indicators registered significant growth. Retail revenue from goods and services reached an estimated VND128,886 billion, up 37.6% year-on-year. Export revenue expanded by 9.07% year-on-year to US$16.1 billion.
Port cargo throughput was estimated at almost 64 million tons, up 9.38%, while inland waterway cargo reached around 25 million tons, increasing by 14.19%. The Index of Industrial Production (IIP) grew by 7.9%, with the city’s four key industrial sectors expanding by 7.7% and three traditional industries surging by 13.6%.
