HCMC Surpasses Budget Revenue Target, Achieves Significant Milestones for 2024
HCMC celebrates record budget revenue while focusing on key development priorities.
Ho Chi Minh City (HCMC) has exceeded its annual budget revenue target by 12%, collecting over VND500 trillion for 2024, which accounts for 27% of the country’s total revenue. This marks the first time the city’s budget revenue has surpassed the VND500-trillion milestone, highlighting HCMC's significant contribution to Vietnam's economic development. The achievement was announced by HCMC Party Secretary Nguyen Van Nen during the 34th session of the 11th HCMC Party Committee on December 4.
In addition to financial successes, Nen highlighted progress in the city’s key 2024 priorities, particularly digital transformation and the implementation of Resolution 98/2023/QH15, which introduces special mechanisms and policies to foster HCMC’s growth. He also stressed the city’s increased investments in cultural development, education, healthcare, social welfare, and poverty reduction, aimed at improving the overall quality of life for its residents.
Despite these achievements, Nen pointed out areas requiring attention, including the city’s economic growth rate of 7.2%, which fell short of the 8% target set in Resolution 98. Key challenges such as traffic congestion, environmental pollution, flooding, public investment disbursement, and the development of affordable housing remain areas of focus as the city works towards future strategic breakthroughs.
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In addition to financial successes, Nen highlighted progress in the city’s key 2024 priorities, particularly digital transformation and the implementation of Resolution 98/2023/QH15, which introduces special mechanisms and policies to foster HCMC’s growth. He also stressed the city’s increased investments in cultural development, education, healthcare, social welfare, and poverty reduction, aimed at improving the overall quality of life for its residents.
Despite these achievements, Nen pointed out areas requiring attention, including the city’s economic growth rate of 7.2%, which fell short of the 8% target set in Resolution 98. Key challenges such as traffic congestion, environmental pollution, flooding, public investment disbursement, and the development of affordable housing remain areas of focus as the city works towards future strategic breakthroughs.
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