On the morning of September 4, the Ho Chi Minh City People's Committee held a meeting to assess the socio-economic situation in August and the first 8 months of 2026, and discuss key tasks and solutions for the last months of the year.
Speaking to direct, Member of the Party Central Committee, Deputy Secretary of the City Party Committee, Chairman of Ho Chi Minh City People's Committee Nguyen Van Duoc said that budget revenue from the beginning of the year to now is quite favorable. The city is confident in completing and exceeding targets, creating more resources for reinvestment and infrastructure development in the coming years.
Regarding the growth target of over 10%, Mr. Nguyen Van Duoc assessed that this is a heavy task, in which the third quarter must achieve a growth rate of over 11%.
Regarding private investment, after the Ho Chi Minh City People's Committee signed commitments with 15 large enterprises, the Chairman of the Ho Chi Minh City People's Committee requested to review the implementation progress, assess commitments and promptly remove difficulties and obstacles for enterprises.
Reporting at the conference, Director of Ho Chi Minh City Department of Finance Hoang Vu Thanh said that total state budget revenue in the area in the first 8 months of 2026 is estimated at 625,619 billion VND, equal to 77.9% of the central government's assigned estimate (about 803,500 billion VND) and 77.7% of the Ho Chi Minh City People's Council's assigned estimate (about 804,775 billion VND).
Among 18 revenue items, 13 items reached and exceeded the average revenue progress according to the 8-month estimate.
Notably, revenue from land continued to contribute greatly, reaching 56,267 billion VND, an increase of 23.3% compared to the same period. This result comes from the City removing legal obstacles, helping many projects complete financial obligations.
Some large revenues came from Berjaya International University Company with 13,722 billion VND, Lotte Properties HCMC Company 17,578 billion VND and Imperial City Company 6,877 billion VND.
In addition, the remaining dividend and profit revenue from state-owned corporations, including Tan Cang Saigon, Becamex, Satra, reached 5,525 billion VND.
However, some revenue sources still face difficulties. Environmental protection tax on gasoline and oil only reached 3,725 billion VND, down nearly half compared to the same period. Personal income tax also decreased due to changes in family deduction levels and declaration periods.
In 2026, Ho Chi Minh City sets a target to collect state budget revenue in the area reaching the milestone of 1 million billion VND.
With an average revenue of about 78,202 billion VND/month in the first 8 months of the year, Ho Chi Minh City still has to collect about 374,400 billion VND in the last 4 months of the year to complete the 1 million billion VND target.
Thus, on average, each month from now until the end of the year, the City must collect about 93,595 billion VND, about 15,400 billion VND higher than the average of the first 8 months of the year.
To increase revenue, Ho Chi Minh City identifies 5 key groups including revenue from land and land auctions; tax debt recovery; import and export revenue; revenue from production and business activities of enterprises and other legal revenues.
In which, the City sets a goal to complete the dossier to put the land plots on auction before September 30, creating a revenue of about 96,000 billion VND in the fourth quarter.
Ho Chi Minh City also strives to issue specific land price decisions for all 192 projects that have been statistically analyzed in 2026, with an estimated revenue of about 78,000 billion VND.
Regarding tax debt, the City will focus on handling the entire debt under management, with a total amount of about 94,000 billion VND.
At the same time, promptly record revenue from enterprise advances for compensation, site clearance, resettlement support and be deducted from land use fees and land rent; implement budget revenue recording for projects using land funds for payment according to regulations.
