The People's Council of Ho Chi Minh City approved the resolution on estimated budget revenue for the city after the merger during its afternoon session on 24/7.
Specifically, after the merger, Ho Chi Minh City projects revenue of 697,395 trillion VND this year, accounting for 32.7% of the nation's total estimated revenue. The former Ho Chi Minh City accounts for 520,425 trillion VND (74.6%), Ba Ria-Vung Tau province 102,650 trillion VND (14.7%), and Binh Duong province 74,320 trillion VND (10.7%).
Regarding revenue sources, in 2025, Ho Chi Minh City will collect 49,000 trillion VND from crude oil, 171,850 trillion VND from import-export taxes, and 475,457 trillion VND from domestic sources.
In the first six months of the year, the total budget revenue of the three (former) localities reached nearly 372,000 trillion VND, exceeding 55% of the assigned estimate.
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Downtown Ho Chi Minh City, July 2025. Photo: Quynh Tran |
Downtown Ho Chi Minh City, July 2025. Photo: Quynh Tran
For many years, Ho Chi Minh City has led the country in budget revenue. Last year, it set a record with 500,000 trillion VND. With the merger of Binh Duong and Ba Ria-Vung Tau, the new Ho Chi Minh City covers over 6,700 km2, 3.25 times larger than before, with a population of about 15 million, becoming a new megacity for the region and the entire country. The administrative center is located in Ho Chi Minh City and has been operational since 1/7. The new Ho Chi Minh City continues to lead the country in GDP and budget contribution.
After the merger, total local budget expenditure is over 282,000 trillion VND. Over 150,000 trillion VND is allocated for development investment, over 106,000 trillion VND for regular expenditures, and the rest for loan interest payments, budget reserves, and salary reform resources.
At the same meeting, the People's Council of Ho Chi Minh City also approved the draft resolution on receiving the public investment plans of the three provinces and cities before the merger. It assigned the City People's Committee to adjust the public investment plan for the 2021-2025 period and 2025 for the district-level budgets before the merger to address emerging issues.
Ho Chi Minh City's medium-term public investment plan for 2021-2025 after the merger includes 14,217 projects, encompassing projects using district and commune-level budget capital before the merger, with a total allocated capital of nearly 469,000 trillion VND and an unallocated reserve of over 2,812 trillion VND.
The 2025 public investment plan of Ho Chi Minh City after the merger includes 6,811 projects, encompassing projects using district and commune-level budget capital before the merger. The total allocated capital is nearly 156,000 trillion VND, with an unallocated reserve of over 2,780 trillion VND.
In addition, there are six projects with a total capital of nearly 975 trillion VND from the 2024 state budget public investment plan that have been authorized by competent authorities to extend implementation and disbursement into the 2025 plan.
Le Tuyet
