(HBO) - In the first quarter of 2020, the total State budget revenue in Hoa Binh province's Da Bac district reached nearly 5.8 billion VND, a year-on-year rise of 1 percent.
The figure is equivalent to 12.9 percent
and 12.8 percent of the estimates in the period assigned by the provincial
People's Council and the district People’s Council, respectively.
The district's budget collection totalled 194.7
billion, equivalent to 34 percent of the estimates required by the district
People's Council.
Meanwhile, the district’s budget expenditure was
190 billion VND, or 36 percent of the estimates assigned by the district
People's Council.
In the recent time, the district People’s
Committee has actively implemented its plan for the implementation of
socio-economic development tasks and State budget estimates in 2020.
The locality has effectively managed the budget
estimates, and ensure regular and irregular expenditures.
It has strengthened the management and
exploitation of sources of incomes to reduce revenue losses, while creating the
best conditions for taxpayers./.
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.
