The Ho Chi Minh City Tax Department is currently intensifying supervision of various economic sectors deemed to have high tax compliance risks. This strategic step is part of the local authority's commitment to realizing the ambitious state budget revenue target of 1 trillion VND by 2026.
As of the end of June 2026, budget revenue collection reached 400.136 billion VND, or approximately 61.4% of the target set by the government. This figure reflects positive growth of 31% compared to the same period last year. The production and business sector was the main contributor, accounting for 227.836 billion VND.
Deputy Head of the Ho Chi Minh City Tax Department, Nguyen Van Cong, emphasized that his agency will prioritize inspections of businesses vulnerable to tax avoidance, including companies reporting continuous losses and showing indications of transfer pricing. The supervision focus is now targeting sectors with high cash transactions, such as the food and beverage industry, retail, beauty clinics, and dentistry.
In addition to tightening inspections on businesses, the authorities are also committed to restructuring tax debt management. This step includes a comprehensive review of taxpayer debt classification and strict enforcement against long-term tax arrears, particularly those related to the real estate and land sectors. The tax authority aims to collect at least 80% of total collectible receivables to keep the tax debt ratio below 8% of actual revenue.
By the end of June 2026, the total tax debt under the Ho Chi Minh City Tax Department was recorded at 94.788 billion VND. Through active collection efforts, the authorities managed to recover 107.979 billion VND in the first six months of this year, which includes both outstanding debt from 2025 and new liabilities arising during the current year.
