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.
Appreciating the abundant potential and strengths of his hometown for tourism development, Ha Cong Hung, Deputy Secretary of the youth union of Mai Chau district’s Mai Hich commune, embarked on producing smoked meat with a desire to introduce his homeland's specialty to domestic and international tourists.
Hoa Binh farmers are investing big in their chilli pepper cultivation areas after the first batch of 7.5 tonnes of pickled chilli peppers was shipped to the Republic of Korea (RoK) by Tien Ngan Trade and Investment Co., Ltd last month.
Recognising the role and importance of developing the collective economy, the northern province of Hoa Binh has promptly issued support policies to propel the development of the economy, making important contributions to local socio-economic development.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
