Ho Chi Minh City collects more than 624 trillion dong in revenue over eight months

Ho Chi Minh City collected 624.757 trillion dong in state revenue in the first eight months of 2026, putting it close to four-fifths of its annual estimate. City officials said they are confident of meeting or exceeding the target and reaching more than 1 quadrillion dong for the year.

The figures were presented at a meeting assessing the city’s economic and social performance through August. Chairman Nguyen Van Duoc said the city must prepare 168 documents for submission to the municipal People’s Council, with the measures scheduled to take effect on Oct. 1.

The city is pursuing economic growth above 10%, a target Nguyen described as demanding. He said third-quarter growth must exceed 11%. The administration has also signed commitments with 15 major companies and will review implementation to address obstacles facing businesses.

Economic indicators remained positive through the first eight months. Industrial production rose 10.8%, retail sales and consumer-service revenue increased 13.7%, and exports grew 7.82%. Foreign direct investment exceeded $10 billion, an increase of 167%.

The city also reported more than 85 trillion dong in public investment disbursement. Nguyen said improved compensation and land clearance for major projects could allow disbursement to reach 70% by the end of the third quarter, with the city aiming for full disbursement by year-end. He cited ongoing and planned Ring Roads 2, 3, 4 and 5 as major infrastructure priorities.

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The number of documents is large and the time is short. How have the departments prepared, and what direction is needed? Make specific proposals.