The data was released at a press conference held by State Treasury Region II to review State budget collection and expenditure for 2025.
Reporting at the conference, Acting Director of the municipal Department of Finance Hoang Vu Thanh said that as of the morning of December 30, total State budget revenue collected in the city reached 781.585 trillion VND. This represented 116.4% of the estimate assigned by the Government and 112.1% of the target approved by the city’s People’s Council.
Domestic revenue continued to serve as the main pillar, amounting to 558.84 trillion VND, exceeding the central estimate by 23.4% and the municipal target by 17.5%. Revenue from import–export activities reached 177.33 trillion VND, fulfilling more than 104% of both central and local projections. Crude oil revenue was estimated at 44.66 trillion VND, equivalent to 91.1% of the target and the only revenue item to fall short of the plan.
For the whole of 2025, total State budget revenue in Ho Chi Minh City is expected to reach around 785 trillion VND (29.86 billion USD), or 116.9% of the central estimate. Domestic revenue is projected at 561.24 trillion VND, accounting for 71.5% of total collections, while crude oil revenue is forecast at about 45 trillion VND, or 91.8% of the estimate.
On the expenditure side, the city had disbursed 177.7 trillion VND by December 30, equal to 90.9% of the central allocation. Capital expenditure for basic construction exceeded 86 trillion VND, or 72.4% of the plan, and is expected to reach 123 trillion VND by January 31, 2026, equivalent to 103.4% of the target.
Addressing the conference, Chairman of Ho Chi Minh City People’s Committee Nguyen Van Duoc praised the tax authority, State Treasury, customs service, Department of Finance and financial officials for their sustained efforts under heavy pressure. He stressed that the State budget reflects public trust and business contributions, and must be managed transparently and used effectively to deliver tangible benefits. The 2025 results, he said, would serve as a springboard for Ho Chi Minh City’s next development phase as a special mega-city, with greater responsibilities and higher expectations ahead.
