(HBO) – Hoa Binh province’s State budget collection reached more than 1.09 trillion VND (47.6 million USD) in the first two months of 2022, up 60.4 percent year on year and equal to 17.1 percent of the target set by the provincial People’s Council for the entire year.
Of the
sum, budget collection from imports and exports is estimated at 91.4 billion
VND and domestic revenue at over 1 trillion VND.
Hai Hien Bamboo and Wood JSC at Mong Hoa Industrial Park in Hoa Binh
city promotes production and business, actively contributing to the province's
import-export revenue.
The provincial steering committee for the state budget collection said despite
the socio-economic impact of COVID-19, the state budget revenue grew well in
January and February.
It attributed the outcome to a number of firms having more taxes to pay for.
The committee requested agencies and authorities involved coordinate to support
tax payers in recovering their production and business activities and
strengthen budget collection management right from the beginning of the year so
as to achieve the set goals./.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.
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