State budget revenue, a key gauge of economic growth

State budget revenue is often regarded as one of the most important indicators of economic performance. Every source of budget revenue reflects the performance of production, business, and consumption activities across the economy, providing a clear indication of economic scale, growth momentum, and overall economic health.

Dong Nai City has consistently ranked among the country’s leading localities in state budget collection. In particular, the strong surge in budget revenue in 2025, which enabled the city to surpass the VND100 trillion mark for the first time, reaffirmed Dong Nai’s position and significance within Vietnam’s overall economic landscape.

Stable sources of budget revenue

Speaking at a meeting of the Dong Nai City Steering Committee for Economic Growth and State Budget Revenue Collection for the 2026-2030 period in early June 2026, Truong Thi Huong Binh, Director of the Department of Finance, said total state budget revenue in the first five months of 2026 exceeded VND49.3 trillion, up 30% year-on-year and equivalent to 49% of the annual target of VND100.4 trillion.

Manufacturing activities of FDI enterprises are among Dong Nai’s largest and most sustainable sources of budget revenue.

Among these revenue streams, collections from enterprises' production and business activities in the city have remained high. Notably, revenue from foreign direct investment (FDI) enterprises reached more than VND12.6 trillion in the past five months, up 33% from the same period last year and equivalent to 67% of the assigned estimate. Revenue from the non-state industry and trade sector exceeded VND7.5 trillion, up 59% year on year and reaching 72% of the assigned estimate. Other sources included personal income tax and land-related revenues. In particular, the tax sector has recently stepped up tax administration to ensure that no revenue sources are overlooked, promote transparency, collect taxes accurately and fully, and prevent revenue losses, thereby contributing to overall local budget revenue.

According to economists, revenue generated from production, business, and service activities is one of the clearest indicators of corporate performance and the overall vitality of the economy. When economic conditions improve, enterprises gain more opportunities to expand, import-export activities grow, employment remains stable, and household incomes increase. Higher consumer spending, in turn, drives growth in the service sector, expands economic activity, and creates a virtuous cycle that supports stronger budget revenue collection.

Attracting investment to secure long-term revenue growth

Beyond reflecting economic scale, sustainable budget revenue generated from production, industry, trade, and services also demonstrates the quality of local economic growth. When revenue sources are stable and sustainable, local governments are better positioned to invest in and upgrade infrastructure, education, and healthcare systems, while also implementing social welfare programs.

To maintain strong, sustainable budget revenue growth, Dong Nai is implementing a range of measures to accelerate economic development. One key solution is to create a favorable investment environment that attracts greater investment while encouraging businesses to adopt advanced technologies, produce environmentally friendly products, and generate higher economic value. Consequently, city leaders have consistently prioritized improving the business climate and enhancing investor and enterprise satisfaction.

“Customs authorities are making every effort to support import-export enterprises operating in Dong Nai. By shortening customs clearance times, we help businesses reduce costs and improve efficiency, thereby creating a more favorable environment for growth.”

Le Van Thung, Head of Customs Sub-Department of Region XVIII

As the agency responsible for overseeing import-export activities across the city, the Customs Sub-Department of Region XVIII works closely with both domestic and foreign enterprises engaged in international trade. To contribute to state budget revenue growth, the agency has continued to modernize its management practices and improve administrative procedures, creating more favorable conditions for import-export operations.

According to Le Van Thung, the customs sector is committed to resolving procedural issues promptly whenever they arise within the agency’s jurisdiction. As a result, enterprises conducting customs procedures in Dong Nai can receive direct support from city departments and agencies in addressing difficulties related to production and business policies.

Dong Nai is currently implementing Resolution No. 05-NQ/TU, issued on May 1, 2026 by the Executive Board of the Dong Nai City Party Committee, which launched the special 500-day-and-night emulation campaign titled “Solidarity – Discipline – Efficiency – Breakthrough, building a civilized and modern Dong Nai.” The campaign will continue through 2030 with a focus on maintaining and improving implementation quality. To achieve the targets set under the program, Nguyen Van Ut, Deputy Secretary of the City Party Committee (CPC) and Chairman of the Dong Nai City People’s Committee, emphasized that the city is accelerating efforts to achieve double-digit economic growth, including ambitious budget revenue goals. In addition to meeting the officially assigned target of VND100.4 trillion, Dong Nai aims to collect VND150 trillion in state budget revenue, in line with the target set by the CPC’s Standing Board.

To realize these growth objectives, the city must concentrate resources on all major growth drivers, including the disbursement of public investment capital and revenue generated from land auctions.

The Chairman noted that the current state budget revenue has met the officially assigned target but remains below the city’s aspirational goal. Therefore, Dong Nai is continuing to review all potential revenue sources and develop additional measures to increase budget collections. He urged departments, agencies, and local authorities to set specific targets and implement practical solutions to ensure the highest possible level of budget revenue collection in line with the city’s growth ambitions.

By N.Lien – Translated by M.Nguyet, Minho