Dong Nai strives for double-digit growth in state budget revenue

Dong Nai is among 18 provinces assigned by the Government to achieve 10% economic growth in 2025. One key target reflecting overall economic performance is state budget revenue (SBR).

By the end of Q1-2025, Dong Nai’s SBR exceeded VND 19.6 trillion, with domestic revenue surpassing VND 15 trillion (39% of the yearly plan) and revenue from import-export activities reaching VND 4.6 trillion (nearly 25% of the target). Despite positive results, challenges lie ahead due to potential US countervailing tariffs on Vietnamese goods.

Measures to Boost Revenue

In 2025, Dong Nai is tasked with collecting over VND 62 trillion in SBR — VND 40 trillion from domestic sources and VND 22.3 trillion from import-export activities. The customs sector has implemented solutions to ensure revenue collection and actively supported businesses in customs clearance, helping boost export-import turnover.

In domestic revenue, tax authorities are enhancing management of tax registration, declarations, accounting, and refunds, while strengthening electronic invoice verification to prevent tax losses. Local tax departments are also urged to collect sufficient taxes from over 37,500 active individual business households.

Land auctions are another key source of revenue, with a provincial target of nearly VND 21 trillion in 2025.

Preparing for Challenges

From Q3-2025, the US is expected to impose a 46% tariff on Vietnamese goods, heavily impacting Dong Nai’s economy and SBR. The US currently accounts for 30% of the province’s export value. Dong Nai aims for a 10% export growth this year, targeting USD 26.3 billion.

Authorities have prepared response plans, such as closely monitoring major import-export businesses, especially those involved in major projects like the Long Thanh International Airport. Customs agencies are also proposing that customs procedures for major contractors be handled promptly within the province to retain revenue.

Revenue Targets

Despite expected difficulties, Dong Nai’s government remains committed to achieving the 2025 SBR target. The tax sector aims for domestic revenue of VND 46.5 trillion, an 11% increase compared to 2024, while the customs sector targets over VND 22 trillion.

Provincial leaders have instructed tax and customs departments to create detailed revenue collection plans, assign responsibilities clearly, and ensure correct and sufficient collection to meet the 2025 budget goals.

Reported by N.Lien