State budget revenues set to flourish

12/26/2021 - 12:29:49 PM

(HBO) - After two consecutive years (2019, 2020) of falling short of announced goals in the province’s state budget collection, works for the current year pledge to flourish despite compounded difficulties, thanks to efforts and political determination by all sectors and levels. Accordingly, state budget collection is set to achieve and even out-perform targets.

This year witnesses higher import-export tax collection than estimates tasked by Prime Minister, contributing to bright performing prospects of the province’s state budget revenues (Photo taken at Hai Hien Bamboo and Wood joint-stock company – Hoa Binh City).

In 2021, the People’s Council resolution set state budget collection target in the province at 5.070 billion VND, an increase by 711,6 billion VND from estimates allocated by the Prime Minister (PM), including domestic revenues of 4.820 billion VND, import-export tax revenues of 250 billion VND. The set target is by all means a hard task given the complex COVID-19 pandemic creating widespread disruptions. The revenue collection was also impacted by the implementation of Decree No. 52/2021/ND-CP on tax payment and land rental deferrals. Moreover, the water levels of Hoa Binh Reservoir plummeted, leading to drastic drops in power generation, meaning massive decreases in budget revenues.

Early grasp of challenges as well as clarity in determining state budget collection as the core political tasks steered the provincial Party and People’s Committees to promulgate Resolution No. 02-NQ/TU on May 31 2021 to set guidelines for the revenues creation and collection during 2021-2025 period. Departments, sectors, localities are directed to collaborate closely with tax authorities in state budget collection.

By the end of November, import-export tax revenue alone reached over 380 billion VND, 190% of assigned estimates by the PM. Domestic revenues reached 3.570,8 billion, or 86% of estimates by the Government. Compared to targets set by the provincial authorities, 11 out of 17 categories of revenues boasted higher than average collection rates, some impressive increases.

The Provincial Tax Department is boosting efforts and solutions, including increased crackdowns trade frauds and smugglings, to outperform the set targets of state budget collection in the remaining days of the year.

1.5 tonnes of fries released to regenerate aquatic resources in Hoa Binh Lake

The provincial Department of Agriculture and Rural Development on November 20 coordinated with Hai Dang Group Hoa Binh Seafood Company Limited to release 1.5 tonnes of fries into Hoa Binh Lake to regenerate aquatic resources, with a total value of 266 million VND (10,460 USD).

The special attraction of the 2nd Fish and Shrimp Festival of Da River, 2024

Hoa Binh leader meets Indian Ambassador

On the afternoon of November 16, Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the provincial Party Committee, held a reception for a delegation from the Indian Embassy led by Ambassador Sandeep Arya. The delegation included the chairperson of the Indian Chamber of Commerce in Vietnam, embassy personnel, and Indian businesses operating in Vietnam. Accompanying Long at the meeting were leaders of the provincial People's Committee and representatives from various departments and sectors.

Conference looks to promote Hoa Binh – India cooperation

Hoa Binh province hosted the "Meet India 2024" conference on November 16, marking a significant step in strengthening bilateral economic ties between Vietnam and India.

Cao Phong promotes great national unity strength in building new life

In recent times, with its core role in building and fostering great national unity, Cao Phong district's Vietnam Fatherland Front Committee has actively carried out its responsibilities and front work, and closely collaborated with member organisations to encourage locals to implement the Party’s guidelines, and the State’s policies and laws. At the same time, it has worked to promote the dynamism, creativity, and contributions of officials, Party members, and local people to help the district develop further.

Yen Thuy moves to boost export of shallot products

From a type of bulb used as a seasoning for daily meals, thanks to the efforts of local authorities and farmers, shallots have become a commercial crop in Yen Thuy district, contributing to promoting the transformation of crop structure in agricultural production, bringing higher incomes to locals.