HCMC Q1 budget revenue up 9.4%

Total State budget revenue in Ho Chi Minh City in the first quarter of 2022 reached more than VND121 trillion ($5.3 billion), up 9.4 per cent year-on-year, of which revenue related to real estate and crude oil contributed significantly. State budget expenditure totaled more than VND9.3 trillion ($406.7 million), down 33.8 per cent.