HBO - Hoa Binh province’s Taxation Department targets to collect 1.42 trillion VND in budget revenue in the first half of the year, accounting for 48 percent of the Government’s estimate and 39 percent of the resolution adopted by the provincial People’s Council. To realise the target, the department has been focusing on implementing measures to improve tax administrative procedures, control sources of income, and facilitate tax payers’ payment fulfillment.
Korean Transon
Co., Ltd receives support to carry out its project at Luong Son industrial
park. It has created jobs for 1,600 local labourers.
State
budget collection totalled 705 billion VND in the first quarter, equivalent to
24 percent of the Government’s estimate for the whole year, 19 percent of the
resolution of the provincial People’s Council, 95 percent of the province’s
estimate for the time, and up 4 percent from the same period last year.
Earnings from taxes and fees (excluding land use fees) were reckoned at 672.7
billion VND, equal to 25 percent of the Government’s estimate, 22 percent of
the resolution of the provincial People’s Council, and increasing 7 percent
year on year. Meanwhile, the province collected 32.3 billion VND from land use
fees, making up of 12 percent of the Government’s estimate, 5 percent of the
provincial People’s Committee, and 65 percent of the amount recorded in 2018’s
Q1. It was reported that higher budget collection was made in 9 out of 17 items
subject to tax payment.
Following the direction of the General Department of Taxation and the
provincial People’s Committee, the provincial Taxation Department has
comprehensively implemented a set of tax management measures to fulfill state
budget collection target in Q2 and the whole 2019. Those include accelerating
the tax administrative procedure reform during 2016-2020 as approved by the
Ministry of Finance, reviewing the reform in line with the Government’s Decree
No.02/NQ-CP and the provincial People’s Committee’s Decision No.02/QD-UBND
dated January 2, 2019 on promoting business climate and improving local
competitive capacity in 2019 and the following years.
Besides, increasing communications campaign and training on tax policies,
providing e-service for tax payers, identifying potential areas for tax collection
and enhancing management of tax collection will be put at the first line of
solutions to ensure that all of the business establishments in the province
fulfill their tax payment duties.
In Lac Thuy district, communes have been succeeded in promoting their One Commune-One Product (OCOP) products while others are still struggling to position their typical farming products in market. Some communes in the district still fail to have their products met OCOP programme’s requirements, while others have seen their certifications expired.
The inspectorate agency of Hoa Binh province has issued Official Dispatch No. 1090/TTr-PCTN to provincial departments, agencies, localities, business associations, enterprises, and investors regarding measures to improve informal component indexes of the Provincial Competitiveness Index (PCI).
Hoa Binh is taking concrete steps to improve its investment environment, with a strong focus on supporting businesses, settling obstacles for strategic investors, and creating opportunities for robust development in the coming years.
Under the blazing early summer sun, the construction site of Nhuan Trach Industrial Park (IP) in Luong Son district is abuzz with activities from dawn to dusk, a testament to the determination of the investor to meet their construction targets on schedule.
