On the afternoon of December 10, the Ho Chi Minh City People's Council passed a Resolution on the State budget revenue estimate and the 2026 budget revenue and expenditure plan of Ho Chi Minh City.
According to the resolution, the total state budget revenue of Ho Chi Minh City in 2026 is expected to reach more than 804,775 billion VND, equivalent to more than 2,200 billion VND per day that the city must collect.
In the budget revenue structure in 2026, domestic revenue is expected to reach VND 588,675 billion; crude oil revenue VND 39,500 billion; import-export revenue VND 176,500 billion.
In 2025, the city is estimated to collect about VND 748,000 billion in budget revenue, exceeding the target assigned by the Central Government and the Ho Chi Minh City People's Council.
Speaking at the meeting, Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc said that many socio-economic targets in 2025 have been achieved and exceeded the plan.
GRDP increased by 8.03%, with a scale of nearly 3 million billion VND, accounting for 23.5% of the country's GDP. GRDP per capita is estimated at 8,755 USD, while Ho Chi Minh City's state budget revenue accounts for 1/3 of the total revenue of the country.
A big bright spot is that the city has removed obstacles for 670/838 projects (equivalent to 80%), with a scale of about 16,200 hectares, thereby activating social resources worth more than 804,000 billion VND. Thanks to that, budget revenue from land use fees increased by 269% over the same period.
In addition to positive results, the Chairman of the Ho Chi Minh City People's Committee also frankly acknowledged some shortcomings such as the disbursement of public investment capital not meeting requirements; the efficiency of the new apparatus after the merger is not uniform.
The city continues to face major issues mentioned by the General Secretary such as traffic jams, environmental pollution, flooding, etc. These are areas that the city will focus on handling more strongly in the coming time.
On December 11, the National Assembly is expected to vote to approve the draft Resolution amending and supplementing a number of articles of Resolution 98. If approved, the new Resolution 98 will create a strong legal corridor, opening up more specific mechanisms for Ho Chi Minh City to accelerate development.
Mr. Nguyen Van Duoc said that Ho Chi Minh City aims to complete the master plan in 2026, creating a foundation to attract investment and achieve the expected growth rate.
The Chairman of the Ho Chi Minh City People's Committee affirmed that the highest goal for 2026 is to "create real, clear, measurable changes" in urban governance, economic development and in the quality of service for people and businesses.
Ho Chi Minh City has identified 5 key groups of tasks, notably unlocking all resources, innovating the governance model to aim for double-digit growth goals.
Effectively implement specific resolutions such as Resolution 222 on the International Financial Center, Resolution 188 on urban railways; Restructuring the economy, developing the digital economy into new driving force.
Ho Chi Minh City also upgrades the investment - business environment, increases competitiveness; Building a created government to serve, taking people and businesses as the center.
