(HBO) – The Hoa Binh Department of Tax has held a conference to review its performance last year and launch major tasks in 2020, with Vice Chairman of the provincial People’s Committee Bui Duc Hinh in attendance.
A view of the conference.
According to
reports at the event, the province collected nearly 3.4 trillion VND in State
budget revenue in 2019, up 5 percent from the previous year and equivalent to
92 percent of the yearly plan
set by the provincial People’s Council.
Of the amount,
State budget collection from taxes and fees (exclusive of land use fee)
totalled nearly 2.71 trillion VND while revenue from land use fee exceeded 689
billion VND, a 2.6-fold increase year on year.
This year, theGovernment assigned the
department to collect over 4.26 trillion VND for the State budget while the
goal set by the provincialParty’s Committee and People’s Council is 4.78 trillion VND. The department has
adopted four major tasks and four groups of solutions in order to fulfil the
goals.
Speaking at
the event, Vice Chairman Hinh highly spoke of the efforts by the tax department
to fulfill the goals last year in the face of multiple socio-economic
challenges.
He asked the
department to continue ramping up communications and education on tax policies
and procedures at all stages, units and sectors. He also ordered it to closely
coordinate with local authorities and other departments in State budget
collection and strengthen inspection to prevent losses.
It must also
advise the provincial People’s Committee on ways to help businesses tackle difficulties, attract investment
and organize land auctions.
to boost local economy and create sustainable sources for tax and fee collection, Hinh said.
He assigned the
department to collect at least 2.5 trillion VND for the State budget by June,
2020 and 5 trillion VND by the end of the year./.
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.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.