(HBO) – Over the recent past, the People’s Committee of Hoa Binh city has directed local agencies, wards and communes to strengthen measures to manage and exploit income sources to avoid losses in State budget collection.
A project to upgrade provincial Road 435 crossing Hoa Binh city and Cao
Phong district has received priority in public investment. Its progress is
being sped up.
In the first four months of this year, total State budget collection of the
city reached 153.8 billion VND (6.69 million USD), completing 28.74 percent of
the yearly target, including 20.46 billion VND from land use tax, equivalent to
9.1 percent of the yearly estimate. Income from taxes and fees was 133.3
billion VND, fulfilling 43.29 percent of the yearly target. Besides, expenditure from the city's budget
in the four months was 480.3 billion VND.
Currently, the municipal People’s Committee is managing 96 projects using
public capital with total investment of over 3.07 trillion VND. The city has
also been allocated 536.92 billion VND in 2021.
Specifically, the city is running two ODA projects with a combined capital of
312.52 billion VND, 12 projects using the provincial budget with a total
capital of 45.8 billion VND, of which disbursement by the end of April reached
over 1.3 billion VND, along with 82 projects using districts' budget with 2021
capital of 174.6 billion VND, of which 23.17 billion VND, or 13 percent, had
been disbursed by the end of April./.
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.
