(HBO) - From the beginning of the year until now, Hoa Binh City Party Committee and People's Committee have intensified their direction of the management of state budget collection and spending to ensure the work is carried out in compliance with current regulations.
The housing project
Vinh Ha (Dong Tien ward - Hoa Binh city) has been implemented and has
contributed to the State budget revenue. (Photo)
At the same time, the city administration has
focused on attracting investment capital sources to create sustainable sources
for budget revenues. Accordingly, in the past 7 months, the city collected
291.63 billion VND for the state budget, equalling 54.49 percent of the target.
In which, land use fees contributed 40.5 billion VND; and revenues from taxes,
fees and implementation fees reached 251.1 billion VND, or 81.54 percent of the
amount assigned by the provincial administration and 80.97 percent of the
city's target. In addition, localities in the city collected 660.7 billion VND,
equaling 71.1 percent of the amount assigned by the province and 66.7 percent of
the city's target.
Currently, the city is focusing its direction on
accelerating the collection of tax from the auction of land use rights, fees,
charges, and taxes on housing and land; effectively implementing the auction of
land use rights in order to ensure the target for revenues from land use
fees./.
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.
