Ho Chi Minh City Budget Revenue Surpasses 500 Trillion Dong in Six Months

Ho Chi Minh City has reported robust economic performance in the first half of 2026, with budget revenue exceeding 500,000 billion VND. Chairman of the City People's Committee, Nguyễn Văn Được, announced that this achievement represents 61.9% of the annual target, signaling a strong recovery and growth trajectory despite ongoing global economic instability.

The city's economic engine is showing considerable strength. Industrial production index (IIP) grew by 11.5%, and total social investment reached 312,429 billion VND, an increase of 10.9% compared to the same period last year. The tourism sector has rebounded impressively, generating 213,980 billion VND in revenue, a 63.9% surge year-on-year.

“

The state budget revenue in the first 6 months of Ho Chi Minh City reached 500,069.99 billion VND, estimated at 61.9% of the year's estimate.

Significant progress has also been made in administrative reforms and digital transformation. The city has streamlined 441 administrative procedures, digitized 15.4 million civil status records, and connected 5.7 million land records to the national database. Ho Chi Minh City's innovation and startup ecosystem climbed 12 places globally, now ranking 98th.

While celebrating these successes, the city acknowledges challenges. Issues such as the slow disbursement of public investment in some sectors, land clearance difficulties for key projects, localized flooding, traffic congestion, and demands in education and healthcare require continued attention. The city remains committed to its goal of achieving over 10% GRDP growth for the year and over 1 million billion VND in total budget revenue, focusing on institutional improvements and unlocking special resources.

“

The city is determined to overcome these effectively and make positive changes in the coming time, such as the progress of public investment disbursement in some sectors and localities not meeting requirements (estimated at the end of June, only 30% of the plan - compared to the requirement of 40% of the plan); some key projects still face difficulties in site clearance; localized flooding, traffic jams, demands for schools, people's healthcare...