Doan Minh Dung, head of the Ho Chi Minh City Tax Department, speaks at a year-end tax review conference in Ho Chi Minh City, Vietnam, January 6, 2026. Photo: A. H. / Tuoi Tre
The figure, announced at a year-end tax review meeting, was equivalent to 123.5 percent of the central government's target and 118.2 percent of the city council's estimate, up 21.4 percent from a year earlier.
For 2026, the city has been assigned a revenue target of more than VND627 trillion ($23.8 billion), deputy tax chief Mai Son said, adding that authorities aim to secure at least 35 percent of the annual target in the first quarter.
He said tax officials would continue traditional enforcement measures while expanding the tax base in areas such as the global minimum tax, the night-time economy, the sharing and circular economies, e-commerce, digital platforms, capital transfers, and real estate.
