(HBO) - In 2022, Lac Thuy district’s total State budget revenue reached 287.5 trillion VND (12.2 billion USD), surpassing the estimate assigned by the provincial People's Committee by 70.9%, meeting the target set in the resolution by the district People's Council and up 66.19% from a year earlier.
Of the total, collection from land use fees hit 171.8 trillion
VND while that of other taxes and fees 115.7 trillion VND.
Photo:Ha Linh Trading Investment
and Import-Export joint Stock Company at Phu Thanh II Industrial Cluster in Lac
Thuy district fulfills its tax obligations.
The total local budget revenue stood at 793.9 trillion VND, exceeding the
estimate assigned by the provincial People’s Committee by 40% and rising 23.5%
year on year. Its local budget spending reached 758.3 trillion VND, surpassing
the estimate by 33.7% and up 18.3% compared to the same period last year.
In 2023, Lac Thuy district will focus on fulfilling the State budget collection
task to ensure progress, meet and exceed the assigned plans. The district will
enhance budget management, ensuring that it is used effectively./.
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.
