Ho Chi Minh City, Feb. 5 -- Building on a record-high budget revenue performance in 2025, Ho Chi Minh City has set a more ambitious target of nearly 1 quadrillion VND (38.5 trillion USD) in State budget revenue in 2026.

According to the municipal Department of Finance, total State budget revenue collected in the city in January 2026 reached an estimated 105.082 trillion VND, equivalent to about 13% of the annual estimate and up more than 10% year on year.

Notably, the continued implementation of tax and fee exemptions and reductions has proven effective in supporting investment as well as production and business activities, thereby creating room for growth in budget revenue sources. As a result, many key taxes in January met or exceeded...