Hanoi and Ho Chi Minh City reported a total State budget collection of over VND480 trillion (US$20.64 billion) in the January-October period, equivalent to 80% of the year's estimate.
Vietnam has collected
VND158 trillion from import-export activities by October 15.
In the 10-month period, the capital of Hanoi was estimated to collect over VND174.8
trillion worth of State budget revenue, reaching 80.1% of the year's target and
up 12.4% over the same period last year.
Meanwhile, Ho Chi Minh City posted over VND305.1
trillion in State budget collection, equivalent to 81% of the target set for
the whole 2018 and up 9.5% over the corresponding period in 2018.
Both Hanoi
and Ho Chi Minh City
saw increases in domestic collection and crude oil, while revenue from import
and export activities went down over the same period last year.
According to the General Statistics Office,
Vietnam had collected VND1,009 trillion worth of State budget by October 15,
equal to 76.5% of the year's estimate including VND798.5 trillion worth of
domestic collection, VND48.5 trillion from crude oil, and VND158 trillion from
import-export activities.
Source: NDO
Hoa Binh province’s economy posted an impressive Gross Regional Domestic Product (GRDP) growth rate of 12.67% in the first quarter of 2025, representing a 12.76% year-on-year increase, the highest rate recorded since the beginning of the current tenure, according to the provincial Statistics Office. This robust growth reflects years of strategic groundwork and sets a strong foundation for the province’s annual growth target of over 10%.
With a focus on cash crop farming with science - technology application and brand building, Lac Thuy district is gradually increasing production value, improving people's life quality, and laying the foundation for sustainable socio-economic development.
In recent years, the economic development model "Hoa Binh Earthworm Farm” run by Mr. Bui Van Dang in Co Giua Hamlet, My Thanh Commune (Lac Son district) has not only brought stable economic value but it is also environmentally friendly, helping to protect and reduce pollution, contributing to the construction of a green and sustainable agriculture.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
