Vietnam Exceeds 116 Trillion VND in Import-Export Tax Revenue, Boosting Growth Through Business Support

Ho Chi Minh City, Vietnam has seen its import-export tax revenue exceed 116 trillion VND (approximately 540 billion USD), establishing it as a crucial pillar of state revenue. Specifically, the Customs Department of Area II in Ho Chi Minh City recorded an increase of 812 billion VND (approximately 4 billion USD) in revenue for the period from January to August 2026 compared to the same period last year. This achievement is attributed to proactive support measures aimed at resolving issues faced by import-export enterprises, alongside streamlined procedures and rigorous risk management. Under Vietnam's single-party system, maintaining economic growth and state financial stability are paramount, with tax revenue collection forming the bedrock of these efforts. Ho Chi Minh City, as Vietnam's largest economic hub, holds a special position in contributing to national revenue. The Customs Department of Area VI also collected 12.5 trillion VND (approximately 60 billion USD) and is actively combating counterfeit goods and safeguarding economic security. The Vietnamese government aims for double-digit economic growth and national revenue exceeding 1 quadrillion VND (approximately 4.8 trillion USD), with Ho Chi Minh City's tax collection playing a leading role in achieving these targets. In its relations with China, while Vietnam maintains significant economic dependence, it also recognizes geopolitical risks, prompting efforts to diversify supply chains and strengthen domestic industries. The increase in import-export tax revenue is seen as contributing to the enhancement of this economic structure and the improvement of foreign exchange earning capacity.