(HBO) – The People’s Council of Hoa Binh province has set a target of collecting 5.07 trillion for the State budget in 2021, up 23 percent year-on-year. Of the sum, domestic revenue is hoped to reach 4.82 trillion VND and the remainder of 250 billion VND comes from exports.
The provincial Party Committee and provincial People’s Committee are drastically
instructing relevant agencies and relevant sectors to strengthen management and
well exploit sources of revenues, especially revenues from land auctions, and
speed up the collection of tax arrears with the aim of completing 50 percent of
the State budget collection estimate for the whole year.
Luong Son district actively exploits revenues
from auctions of land use rights. Photo:
The district completes land clearance for land use right auctions in Dong Tien
hamlet, Xuan Vinh commune.
Localities such as Hoa Binh city
and Luong Son district have coordinated with relevant agencies to create
revenues from land. The provincial Customs Sub-department has speeding up the
reform of administrative procedures to shorten the time and costs for
enterprises, facilitating their tax payment.
The State budget revenue of Hoa Binh in the first quarter of 2021 increased by
71 percent compared to the same period last year.
To complete the State budget collection task in 2021, the
provincial Party Committee and People’s Committee are focusing on directing relevant
sectors to strengthen coordination and synchronously implement solutions in
accordance with the provincial People's Committee’s Directive No.03 on major
tasks and measures to fulfill socio-economic development plans and State budget
estimates in 2021.
The locality is striving to complete 50 percent of the State budget revenue target
of 2021 in the first six months of the year.
Attention will be paid to removing difficulties for production and business activities,
improving the investment environment of the locality, and facilitating
investment projects towards creating sustainable State budget revenues./.
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.
