Hanoi's budget revenue reaches 471.1 trillion VND in 8 months of 2025:

Taxpayers transact at Tax Base 7 of Hanoi city. Photo: Quang Thai

Budget revenue increased by 36.5%

According to data from Hanoi City Statistics, the total state budget revenue in the area in the first 8 months of 2025 is 471.1 trillion VND, reaching 91.7% of the annual ordinance estimate and increasing by 36.5% over the same period in 2024. Of which, domestic revenue is 446.3 trillion VND, reaching 92.5% and increasing by 37.1%; revenue from import and export activities is 22.9 trillion VND, reaching 83.7% and increasing by 35%.

As the main revenue collection unit, Hanoi City Tax said that tax and fee collection contributes more than 82% of total domestic revenue in the area, is a sustainable source of revenue, continues to be quite good and has growth compared to the same period last year; land use fees collected more than 80 trillion VND, reaching 188.3% of the ordinance estimate, 166.9% of the city's estimate and nearly 4.3 times compared to the same period last year.

To achieve the above results, from the beginning of 2025, Tax authorities at all levels have synchronously and drastically deployed 8 key groups of solutions; every week and every month, they are regularly concretized into tasks for implementation.

In particular, the units focus on propagating tax laws, urging tax declaration and payment, inspecting and checking against tax losses and urging tax debt collection to prevent and combat tax law violations...; thereby improving the law compliance of people and businesses. Hanoi City Tax also continues to promote reform and simplification of tax administrative procedures to meet the digital transformation trend and the need to access information electronically of people and businesses.

“Resolving VAT refunds quickly and promptly in accordance with the law is the basis for businesses to balance cash flow, focus on restoring production and business, and nurture long-term revenue sources. The unit also sets the task of removing difficulties and obstacles, supporting taxpayers to maintain production and business, creating favorable conditions for taxpayers to extend tax debt, and reduce VAT as a key task,” said Deputy Head of Hanoi Tax Vu Hong Long.

Notably, Hanoi City Tax focuses on inspecting enterprises with high tax risks, conducting extensive and in-depth inspections of enterprises with related transactions, transfer pricing, real estate transfers, e-commerce, creating an equal business environment, while contributing to budget collection. At the same time, land use fee collection also achieved positive results thanks to the city's investment attraction policy and the implementation of major projects in the area...

Procedure instructions for taxpayers at Tax Department 4 of Hanoi city. *Photo: Do Tam*

Continue to implement many solutions

Economist Nguyen Minh Phong assessed that the results of Hanoi's budget collection in the first 8 months of 2025 showed that the tax and customs authorities and communes and wards have all made great efforts. This is an important premise for Hanoi to achieve the goal of striving to increase the state budget collection in 2025 compared to the estimate.

In Official Dispatch No. 4103/UBND-KT of the Hanoi People's Committee on the implementation of Official Dispatch No. 104/CD-TTg dated July 6, 2025 of the Prime Minister on strengthening the effectiveness of monetary policy and fiscal policy management and organizing a preliminary review of the work in the first 6 months of 2025, the city requested to strive for a minimum increase of 20% in state budget revenue compared to the estimate.

In Resolution No. 226/NQ-CP of the Government dated August 5, 2025 on growth targets for sectors, fields, localities and key tasks and solutions to ensure the country's growth in 2025 reaches 8.3-8.5%, the Government requires the Ministry of Finance to strive for state budget revenue in 2025 to increase by at least 25% compared to the estimate (based on developments and the situation, striving to increase revenue by more than 25%).

Economist Nguyen Minh Phong said that to achieve the above revenue level, from now until the end of the year, many solutions need to continue to be implemented such as promoting the removal of difficulties for businesses; effectively implementing policies on tax, fee, and charge exemption, reduction, and extension...

Hanoi City Tax Department said that in order to achieve the goals set by the city and the Government, Tax authorities at all levels continue to resolutely and synchronously implement solutions for revenue management, anti-revenue loss, and tax debt recovery. The unit assigns monthly tasks to each leader, each department, each tax base, each civil servant; assigns responsibility for each revenue item and each tax subject. Along with that, closely monitor the development of production and business activities, the financial situation of enterprises to proactively develop collection scenarios. At the same time, strengthen the management of subjects such as households and individuals doing business; manage tax declaration and payment by electronic means (eTax Mobile, Bank App); tax management for e-commerce activities...

According to the Customs Branch of Region I, the unit continues to resolutely implement solutions to facilitate trade, improve the effectiveness of state management, and prevent revenue loss in Hanoi. At the same time, it is necessary to inspect the work of determining taxable values to promptly detect cases of suspicious declared prices, check and consult prices, and implement measures to prevent loss of state budget revenue through taxable value fraud...

Source: https://hanoimoi.vn/ha-noi-thu-ngan-sach-dat-471-1-nghin-ty-dong-trong-8-thang-nam-2025-tien-de-quan-trong-de-vuot-muc-tieu-de-ra-715920.html