Ho Chi Minh City’s revenue reaches over VND300,000 billion

	Ho Chi Minh City Customs seize infringing goods worth nearly VND2,700 billion
	Budget collection challenges of Ho Chi Minh City Customs in the second half of the year

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.