The decrease in imported cars reduces the state revenue of Ho Chi Minh City Customs by thousands of billions of VND. Photo: T.H

According to the Ho Chi Minh City People's Committee, total state revenue in Ho Chi Minh City in the first seven months of 2024 is estimated to increase by 14% year-on-year to VND308,724 billion, meeting 63.9% of the estimate. However, the revenue from crude oil decreased by 13.2% and from import and export of goods dropped by 5.5% year-on-year.

Specifically, the domestic revenue is estimated to rise 23.9% to VND226,927 billion year-on-year, meeting 68% of the estimate. Of which, the revenue from state-owned enterprises is estimated to increase by 15.5% to VND20,704 billion, meeting 69.2% of the estimate; the revenue from the non-state sector is estimated to increase by 19.5% to VND67,546 billion, meeting 73.7% of the estimate; the revenue from the foreign direct investment grows 14.4% to VND 51,522 billion, meeting 73.7% of the estimate.

The revenue from crude oil drops 13.2% to VND12,483 billion, meeting 69.7% of the estimate, accounting for 4% of the total balance revenue…

In the seven months of 2024, the trade in goods of Ho Chi Minh City is expected to go up 10% year-on-year to US$26.07 billion.