In this work, we proposed to combine oxalic acid and ferric ions in very low concentrations to create new, economic, and effective homogeneous photo-Fenton catalytic systems for the degradation of methylene blue. The effects of ferric concentration, H2C2O4 concentration, pH, and tert-butanol on the catalytic activity were also investigated. According to the experimental results, Fe3+ ions exhibited impressive catalytic performances in the presence of H2C2O4 at concentrations below type B (5.0 mg.l–1) from the Vietnam National Technical Regulation on Industrial Wastewater. Specifically, a ferric concentration of 3.0 mg.l–1, H2C2O4 concentration of 10–3 mol.l–1, and pH value of 3 were found to be the best conditions for MB degradation under UVA light. Furthermore, owing to a very low concentration of ferric ions, iron sludge formation can be avoided after wastewater treatment, which makes the photo-Fenton process suitable for practical applications.