(HBO) – By July 31, 2017, total tax arrears in the northern mountainous province of Hoa Binh had stood at nearly 304.2 billion VND, of which more than 61.7 billion VND was overdue, down 5.7 billion VND as compared with the figure at the end of 2016. Of the total, bad debts accounted for over 111.3 billion VND, down 2 percent from the figure at the end of 2016) and recoverable debts were 193.9 billion VND, accounting for 7.4 percent of the estimates.
Hoa Binh city’s Taxation Sub-department well
reviews and manages income sources, creating favourable conditions for taxpayers
to fulfill their obligations to contribute to the State budget.
The provincial Department of Taxation has publicised a list of 38 businesses
which had owed more than 142.3 billion VND of tax by July 31, 2017.
In implementing the guidelines of the General Department of Taxation regarding
measures to collect tax debts in 2017, the provincial Department of Taxation
has instructed its city and district chapters and the debt management office to
base on the devised plan in order to instruct tax debt collection.
Drastic
measures will be taken to collect recoverable debts, striving to reduce both number
of debtors and debt amount by December 31, 2017, the department said, noting
that the debts should not exceed 5 percent of the State budget collection in
2017.
In July 2017, the provincial Department of Taxation made 1,106 phone calls and
sent 7,739 messages to businesses to inform them the amount of tax debts and
fines they have to pay.
The
department also held working sessions with nine businesses which failed to pay
tax but have financial difficulties. They were asked to commit to paying the
debts.
At
the same time, the department sent 242 documents to relevant credit
institutions and businesses in order to verify information and employ coercive
measures.
It issued 59 decisions asking for debt payments by taking money, blocking their
bank accounts, informing valueless invoices, coercing the third party and requesting
business licence withdrawal.
The names of businesses which still owed tax have also been publicised on the
sector’s websites and mass media.
To businesses which owed tax debts as they have yet to receive capital from the
State budget, the department will continue to review, instruct and issue nine
notices on allowing "no calculation of late payment” (in line with Clause 10, Article
2, Circular No. 26/2015/TT-BTC dated February 27, 2015, and Circular No.
06/2017/TT-BTC dated January 20, 2017 issued by the Ministry of Finance).
Along with measures to improve responsibility and capacity of tax officers, the
department is reviewing, classifying debts, synthesizing tax debts and
analysing reasons of each debtor./.
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.
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