(HBO) - According to statistics from the Provincial Tax Department, by November 2022, the revenue of the State budget from Hoa Binh Hydropower Company has reached 701 billion VND, of which the Company overpaid 100 billion VND in 2021, thus accumulative sum of 11 months this year, the estimated contribution of Hoa Binh Hydropower Company to the State budget is 601 billion VND.
In November, the company's
electricity output is estimated at 0.3 billion kWh, the revenue is about 28.6
billion dongs; the accumulative electricity output of 11 months has reached 8.5
billion kWh, equaling 113.3 percent of the same period.
Also, according to the provincial
Tax Department, in addition to Hoa Binh hydroelectricity, the budget revenue of
the central state-owned enterprise sector in the area in November has reached
about 2.8 billion VND, the accumulating sum of 11 months after the
implementation is 86.4 billion VND, reaching 92% of the Government estimate,
reaching 86.5% of the estimate assigned by the People's Council, equaling 96.2%
over the same period last year.
In December, the province's state
budget revenue is expected to be about 1,248 billion VND; the accumulating sum
until December 31, 2022 is expected to be about 6,095 billion VND, reaching
170.2% of the Government estimate, reaching 100% of the estimate assigned by
the Provincial People's Council, equaling 117.5% over the same period.
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.
