State Budget Revenue from the FDI Sector Surges by More Than 50% Year-on-Year

In the first six months of 2026, state budget revenue from foreign direct investment (FDI) enterprises in the province is estimated at VND 13.31 trillion, reaching 78.3% of the annual target assigned by the Provincial People’s Council and increasing 50.5% compared to the same period in 2025. The result further underscores the vital role of the FDI sector in driving economic growth and generating sustainable revenue for the local budget.

Honda Vietnam is among the largest FDI enterprises contributing to the provincial state budget in the first six months of 2026.

The strong performance was mainly driven by robust growth in the production and business activities of key FDI enterprises. Honda Vietnam is estimated to have contributed VND 7 trillion to the state budget, an increase of VND 2.49 trillion over the same period last year. Meanwhile, Toyota Motor Vietnam is expected to contribute VND 3.7 trillion, up VND 1.45 trillion year-on-year.

This growth was fueled by continued strong market demand for the companies' flagship vehicle models, together with the positive impact of consumer stimulus programs, vehicle registration fee incentives, preferential credit packages, and the rising popularity of hybrid vehicles due to their fuel efficiency.

In addition, several other major FDI enterprises also recorded positive growth in production and business activities, contributing to higher state budget revenue. These include Accton Technology Vietnam Co., Ltd., Vietnam Precision Industrial No.1 Co., Ltd. (VPI), Partron Vina Co., Ltd., and Piaggio Vietnam Co., Ltd. Notably, BYD Electronics (Vietnam) Co., Ltd. has begun paying corporate income tax after the expiration of its tax incentive period, contributing approximately VND 125 billion to the state budget.

The impressive budget revenue from the FDI sector during the first half of 2026 reflects the province’s continuously improving investment and business environment, as well as the sustained recovery and growth of the business community. These achievements provide a solid foundation for the province to fulfill its socio-economic development objectives and state budget revenue targets for 2026.

Le Oanh