Hanoi (VNA) – F๊ꦡoreign-invested enterprises contributed the largest part of Ho Chi Minh City’s budget revenue last year, reported Sai Gon Giai Phong newspaper.
According to a report on budget collection results, the budget revenue of HCM City amounted to over 106.1 trillion VND (4.6 billion USD).
Of the figure, foreign-invested enterprises contributed nearly 42 trillion VND (1.82 billion USD) and the domestic private sector some 35 trillion VND (1.52 billion USD).
Nearly 29.2 trillion VND (1.26 billion USD) came from State-owned enterprises, of which, centrally governed enterprises and local enterprises contributed over 18.3 trillion VND (795 million USD) and 10.9 trillion VND (474 million USD), respectively.
Revenue saw a year-on-year increase from the taxes that the businesses had to pay.
For instance, special consumption tax revenue rose 16.7 percent, while budget collection from value-added tax and business income tax increased 14.8 and 9.2 percent, respectively.
Ho Chi Minh City is the biggest business and trade hub in Vietnam.
It led other localities in reeling in foreign direct investment in 2015 with inflows of 4.5 billion USD.-VNA
The Foreign Investment Agency's latest figures showed that disbursed foreign direct investment (FDI) hit 11.2 billion USD in the first 11 months of this year, rising 6.2 percent year-on-year.
Total foreign direct investment (FDI) in Vietnam reached nearly 1.2 billion USD in the first two months of this year, equivalent to just 77.5 percent of that in the same period last year.
According to the Foreign Investment Agency's report, capital disbursed in the period increased by 7.1 percent against last year's same period to reach 1.2 billion USD.
Foreign direct investment (FDI) has played an important role in boosting Vietnam's economic growth, said participants of a workshop, held in Hanoi on April 9.
Foreign direct invested enterprises have created a momentum for developing products made in Vietnam , heard participants at a conference entitled "Proud of Vietnamese goods", held in Hanoi on July 31.
The development of the foreign direct investment (FDI) sector and the domestic business sector next year need to be better balance, Head of the Central Economic Commission Vuong Dinh Hue said.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
Part of HCM City (Source:Internet)
