The Ho Chi Minh City Tax Department is tasked with tax management across the newly merged Ho Chi Minh City, with a 2025 budget revenue target of 501,870 billion VND (accounting for 29.19% of the total sector’s budget revenue estimate).

According to the report for the first half of 2025 by the Ho Chi Minh City Tax Department, total state budget revenue in the area reached 294,138 billion VND, equalling 58.61% of the legal estimate and increasing by 9.58% compared to the same period in 2024. Of this, crude oil revenue reached 23,516 billion VND (a decrease of 14.74% year-on-year), while domestic revenue (excluding crude oil) reached 270,621 billion VND, an increase of 12.36%.

Speaking at the conference, Vice Chairman of the Ho Chi Minh City People’s Committee Nguyen Van Dung acknowledged and highly appreciated the efforts and positive results achieved by the city’s tax sector in recent times.

According to Nguyen Van Dung, the budget revenue figures for the first half of 2025 are encouraging, notably the clear improvement in land-related revenues, which have recovered better than in previous years, providing the city with additional resources for reinvestment in development and improving infrastructure and public services.

Regarding the direction for the second half of the year, Dung requested the Ho Chi Minh City Tax Department to actively respond to the 100-day peak emulation campaign to welcome the 12th City Party Congress, moving toward the National Party Congress. Accordingly, the tax sector must align the emulation movement with targets to strive to exceed the 2025 budget revenue tasks.

Delivering his directive at the conference, Tax Department Director Mai Xuan Thanh highly evaluated the results achieved by the Ho Chi Minh City Tax Department in the first half of the year. However, with its role as the country’s economic locomotive, the unit’s state budget revenue growth rate is not yet commensurate with the overall sector growth and local development.

To effectively implement tax management and complete the 2025 state budget revenue task, the Director required the Ho Chi Minh City Tax Department to note: continue focusing on stabilising the apparatus, ensuring smooth operations without gaps in serving citizens and businesses; strengthen coordination under the leadership of the City Party Committee and the People’s Committee; closely coordinate with agencies, departments, and local authorities to effectively implement and comprehensively complete assigned tasks.

Notably, to achieve the 20% state budget revenue increase target as directed by the Prime Minister, the Ho Chi Minh City Tax Department needs to immediately review and assign tax revenue tasks to departments and grassroots tax offices under the new model for urgent implementation and execution.